šŸ“¢ 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 Atkins’ first public address since assuming office. His speech drew significant market interest, particularly in light of the SEC’s recent U-turn on regulation through enforcement.

šŸ†SEC 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 SEC’s next court move: a possible request for Judge Analisa Torres to vacate her injunction prohibiting XRP institutional sales and lower Ripple’s penalty.

Judge Torres’ 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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