The Historic Meeting Between Ripple and SEC: Hope or Illusion?
Chris Larsen, Executive Chairman and Co-founder of Ripple, will meet the new SEC Chairman, Paul Atkins, on May 2, 2025. This important meeting comes amidst Ripple's years-long legal battle with the U.S. Securities and Exchange Commission (SEC), significantly impacting the future of XRP.
Role of Paul Atkins
Paul Atkins is no stranger to cryptocurrency. The former SEC commissioner, Atkins, has recently advocated for clearer regulations in cryptocurrency and proposed a "regulatory sandbox" to foster safe blockchain innovation in the U.S. This meeting could lead to real progress, potentially even resulting in an agreement or discussions about the approval of an XRP ETF fund.
Preliminary Note on XRP ETF Fund
Bloomberg estimates an 85% chance that the XRP ETF fund will be approved in 2025, marking a significant milestone for Ripple and boosting investor confidence. XRP has been trading strongly around $2.23, up over 1% in the past 24 hours, but has dropped to $2.12 after the SEC postponed the review of several cryptocurrency-related applications.
Expectations and Reality
While many hope for a breakthrough or agreement, not everyone is convinced. Former SEC lawyer Marc Fagel dismissed the idea, saying, "No. It doesn't work that way." Therefore, while today's meeting may be a highlight, expectations need to be kept in check.
The Monitoring of the Cryptocurrency Community
Although the official agenda remains secret, the cryptocurrency community is closely monitoring this development. All eyes are on whether the meeting will truly be a turning point or just a highlight in the ongoing legal battle.
Source: https://tintucbitcoin.com/chuyen-gia-sec-cuoc-hop-larsen-atkins-khong-ket-thuc-vu-ripple/
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