XRP Gains Amid ETF Buzz and Speculation Over SEC Vote; BTC Hovers
XRP holds above $2.12 as Ripple and SEC jointly request a pause in appeal proceedings.
Ripple CEO says agreement reached with SEC staff, but the Commission vote remains pending.
Pro-crypto legal experts suggest SEC may dismiss case once Atkins secures a majority vote at the Commission.
SEC Silence Leaves XRP in Limbo
The US Senate confirmed President Trump’s nomination of Paul Atkins as SEC Chair on Wednesday, April 9, strengthening expectations of a crypto-friendly regulatory backdrop. However, the SEC and Ripple kicked the can down the road on April 10, jointly filing a request to suspend the appeal in the SEC vs. Ripple case.
Pro-crypto lawyers have speculated that the SEC may delay an appeal withdrawal until Paul Atkins officially assumes his role. In February 2025, James ‘MetaLawMan’ Murphy commented on the 60-day stay filing in the SEC vs. Binance case, suggesting Acting Chair Mark Uyeda and Commissioner Hester Peirce wanted to wait for Atkins’ arrival before dismissing the case. Fellow pro-crypto lawyer Bill Morgan referred to the Ripple case, suggesting it would be hard to move before the Commissioners can vote 3-1 to dismiss.
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