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Could the Appointment of Paul Atkins as SEC Chairman Resolve the Ripple Lawsuit? Speculations Abound
The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has prompted speculation that a beneficial resolution for Ripple could occur with the potential appointment of Paul Atkins as the new SEC Chairman.
Known for his positive stance on cryptocurrency, Atkins has previously criticized the SEC's approach to the digital asset industry.
Meanwhile, American attorney Fred Rispoli has suggested that a settlement could be reached before April 16. However, the uncertainty surrounding the lawsuit is currently negatively impacting Rippleâs native token, XRP, which has seen a 33% drop in price from its local high. Some believe the unresolved case is inhibiting a potential bull run for the token.
The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has prompted speculation that a beneficial resolution for Ripple could occur with the potential appointment of Paul Atkins as the new SEC Chairman.
Known for his positive stance on cryptocurrency, Atkins has previously criticized the SEC's approach to the digital asset industry.
Meanwhile, American attorney Fred Rispoli has suggested that a settlement could be reached before April 16. However, the uncertainty surrounding the lawsuit is currently negatively impacting Rippleâs native token, XRP, which has seen a 33% drop in price from its local high. Some believe the unresolved case is inhibiting a potential bull run for the token.
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XRP
2.452
+4.96%