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Meeting Between Ripple Chairman and New SEC Chair: Ex-SEC Lawyer States Key Point
The recent meeting between Ripple’s Executive Chairman Chris Larsen and newly appointed U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has sent shockwaves through the XRP community, sparking widespread speculation about a potential resolution to the long-standing legal battle between Ripple Labs and the SEC.
While some enthusiasts have interpreted this unprecedented encounter as a sign of hope for a more balanced approach to crypto regulation, it’s essential to separate fact from fiction. In a recent statement, former SEC official Marc Fagel emphasized that any optimism must be tempered with an understanding of legal boundaries.
Despite the meeting not having a direct impact on Ripple’s court battle with the SEC, it may signal an openness to dialogue and potential shifts in how the agency approaches crypto enforcement moving forward. This newfound willingness could have far-reaching implications for the broader direction of U.S. crypto policy.
As highlighted by Fagel, any legal processes are strictly defined by judicial protocols, not informal meetings. Therefore, while the May 2 encounter between Ripple’s Chris Larsen and SEC Chair Paul Atkins marks a significant moment in crypto-regulatory relations in the United States, it does not alter the status of Ripple’s court battle with the SEC.
The road to a final resolution remains within the judiciary, not in the corridors of Washington.
Source: https://timestabloid.com/meeting-between-ripple-chairman-and-new-sec-chair-ex-sec-lawyer-states-key-point/
