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The long-standing lawsuit between the SEC and Ripple 
$2 has returned to the forefront of discussions. The U.S. Securities and Exchange Commission (SEC) is required to submit its opening statement in the Ripple case by January 15. However, the possibility of Paul Atkins being appointed as the new chair of the SEC has sparked a wave of new expectations in the cryptocurrency market.
Paul Atkins’ Appointment Could Alter the Course of the Case
Known as a pro-cryptocurrency figure, Paul Atkins’ potential appointment as SEC chair could significantly change the trajectory of the Ripple case. Pro-XRP attorneys Jeremy Hogan, Fred Rispoli, and Bill Morgan suggest that Atkins’ installation could greatly increase the likelihood of the case being dismissed.
Jeremy Hogan stated, “There are significant signals that Paul Atkins could dismiss the Ripple case as SEC chair.” This shift is anticipated to lead to a positive surge in XRP prices.
Another noteworthy development is the completion of the ethical investigation concerning SEC’s Financial Director Bill Hinman. Ripple’s Chief Legal Officer Stuart Alderoty noted that this investigation could improve transparency within the SEC and mitigate Hinman’s influence. Alderoty expressed, “It’s critical for the new administration to reduce Hinman’s influence to restore trust in the SEC.”
January 15 Marks a Critical Date for Ripple Case
The SEC must submit its opening statement in the Ripple case by January 15, intensifying speculation about the future of the lawsuit. There are discussions about whether Gary Gensler may make a final move against Ripple before leaving as SEC chair.
Moreover, Ripple CEO Brad Garlinghouse and his team are preparing to respond to the SEC in April. The new SEC administration might bring an end to the Ripple case, facilitating XRP’s approval for an ETF.
Many experts predict that the new SEC leadership will dismiss the Ripple case and adopt a more favorable stance toward the U.S. cryptocurrency market. These viewpoints form a chain of indicators that support a potential increase in XRP prices.
The outcome of the Ripple case is crucial not only for XRP prices but also for the future of the entire cryptocurrency market. Market participants continue to closely monitor these critical developments.
