Ripple Lawsuit Dismissal by SEC’s Paul Atkins Could Ignite XRP Price Surge

The long running lawsuit between Ripple and the SEC could get a new twist with Paul Atkins taking over as SEC chair from Gary Gensler.

With the Jan 15 deadline for the SEC to file in the XRP lawsuit approaching many crypto experts and pro-XRP lawyers are hoping for a good outcome for Ripple. If Atkins dismisses or settles the lawsuit XRP could see big price gains and an ETF is also possible.

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SEC’s Shift in Direction Could Boost XRP

Paul Atkins is pro crypto so he will bring a new approach to the SEC especially when it comes to regulating the crypto space. Atkins views are more favorable to digital assets than Gary Gensler who was a vocal critic of the crypto industry.

Many in the industry including XRP advocates like lawyers Jeremy Hogan, Fred Rispoli and Bill Morgan think Atkins will dismiss the lawsuit or at least settle. This new leadership could mean the SEC will shift from enforcement to a more collaborative approach with the industry.

With the Trump administration being crypto friendly the market sentiment is turning positive and expectations of an XRP win are growing. Ripple’s general counsel Stuart Alderoty has asked the incoming administration to “wipe the slate clean” of the Hinman era which has been controversial in the crypto space. A clean slate under Atkins will restore some trust in the SEC and lead to better outcomes for the industry.

Potential XRP Price Surge and ETF Launch

If the lawsuit is dismissed or weakened XRP could surge to $3 or higher. The lawsuit has been weighing on XRP’s price for a long time but a good outcome could be a massive rally. XRP’s price has been stable but a win would give it the momentum to break out of its range.

Also the dismissal of the lawsuit could clear the way for an XRP ETF which is another big reason for the optimism. An ETF would allow more mainstream investment in XRP and more liquidity and adoption. The crypto market is growing fast and an XRP ETF would be a big step in making digital assets more accessible to traditional investors.

XRP Lawsuit Timeline: What to Expect Next

Jan 15 is the deadline for the SEC to file their opening brief in the Ripple case. The industry is waiting to see if the new leadership at the SEC will be more favorable. Ripple execs including CEO Brad Garlinghouse are hopeful the case will be dismissed, they think the SEC under Gensler was too aggressive and overbearing with crypto regulations. Now it’s all about Atkins and what he will do to reset the SEC’s relationship with the crypto industry.

As the case plays out we will see if the appeals court rules in favor of Ripple which would be a trigger for XRP to surge. Ripple’s response in April will give us more clarity but for now we are watching as the regulatory tide turns in favor of the crypto market.

Key Takeaways:

  • Paul Atkins’ appointment as SEC Chair could lead to the dismissal of the Ripple lawsuit.
  • XRP could experience a price surge if the lawsuit is dismissed or settled.
  • The approval of an XRP ETF is increasingly likely under the new SEC leadership.
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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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