SEC Changes and Expected Implications for Ripple and XRP

user avatar

by Giorgi Kostiuk

2 years ago

In recent months, the situation around Ripple and its XRP token has gained attention due to legal proceedings with the SEC. Leadership changes in the commission could alter their outcome.

SEC Appeal and Ripple's Current Situation

Back in August, Ripple was fined $125 million, which seemed like the end of the lawsuit. However, in October, the SEC officially appealed the previous ruling on XRP, indicating their intent to continue the court battle.

Paul Atkins' Arrival at the SEC

Paul Atkins has been appointed as the new SEC Chair, replacing Gary Gensler. Atkins has previously criticized the SEC's tough approach and may change the regulatory strategy. It is expected that he will reduce 'regulation by enforcement'.

Potential Changes in SEC's Approach to the Crypto Industry

There is speculation that the SEC might start reducing or dropping some lawsuits. Amanda Tuminelli from the DeFi Education Fund suggests that a shift towards favorable settlements, known as 'consent decrees,' is likely.

These settlements allow both parties to negotiate a resolution while the court ensures the terms are carried out.Amanda Tuminelli

If a settlement or dismissal occurs, XRP's price is likely to rise, improving market sentiment. This case is crucial for all XRP investors. Under new leadership, the SEC might soften its stance, leading to more settlements and clearer regulations.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Large Hyperliquid Trader Rebuilds Ethereum Short After Significant Losses

A trader on Hyperliquid rebuilt a substantial Ethereum short position worth approximately $16 million after incurring losses of around $469,000.

user avatarLeo van der Veen

Tron Surpasses Ethereum and Solana in Blockchain Fee Revenue

Tron has generated approximately $234 million in chain revenue over the past 30 days, surpassing Ethereum and Solana.

user avatarLi Weicheng

New Reporting Requirements Proposed for Crypto Holders in France

A proposed amendment would require crypto holders to declare self-custodied assets worth over €100,000, with penalties for non-compliance.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.