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Ripple vs SEC: Will Paul Atkins End the Decade-Long Lawsuit?
December 30, 2024
In a major development in the ongoing battle between Ripple and the United States Securities and Exchange Commission (SEC), Paul Atkins has been announced as the new Chairman of the SEC. This move is seen by many as a potential game-changer for the crypto market, particularly Ripple’s XRP token.
Atkins, who served as the commissioner at the SEC from 2002 to 2004, has long been considered a pro-crypto advocate. His appointment comes amid heightened uncertainty around Ripple’s lawsuit with the SEC, which has been ongoing since December 2020.
The case centers on the SEC’s allegations that Ripple and its executives raised over $1.3 billion by selling unregistered securities. However, many believe that Atkins’ appointment could mark a turning point in this legal battle.
If indeed Atkins is able to bring about a more positive regulatory environment for crypto, it could lead to significant developments for Ripple and XRP holders alike.
Source: coinpedia.org
