š¢ XRP Holds as SEC Chair Atkins Signals Pro-Crypto Stance
The US Securities and Exchange Commission held a crypto roundtable on Friday, April 25, marking SEC Chair Atkinsā first public address since assuming office. His speech drew significant market interest, particularly in light of the SECās recent U-turn on regulation through enforcement.
šSEC vs. Ripple: Legal Limbo Continues
Despite the regulatory shift, the SEC has remained silent on the Ripple case, leaving XRP in a holding position. On April 10, the SEC and Ripple jointly filed a motion to pause the appeal challenging the Programmatic Sales of XRP ruling, citing an agreement to settle.
Investors now await the SECās next court move: a possible request for Judge Analisa Torres to vacate her injunction prohibiting XRP institutional sales and lower Rippleās penalty.
Judge Torresā ruling on a settlement could be crucial. If Judge Torres denies the motion, Ripple may pursue its cross-appeal, forcing the SEC to progress with its appeal.
Looking ahead, key price drivers include a potential Ripple-SEC settlement, growing optimism over an XRP-spot ETF, and broader macroeconomic forces such as Fed policy and U.S.-China trade developments.
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