The Ripple lawsuit faces a key moment as Paul Atkins gets ready to lead the SEC. This change puts the SEC appeal and future XRP legal news in question. The shift in cryptocurrency regulation depends on how the new management handles current cases.
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Will The SEC’s New Leadership Influence The Ripple Case Outcome And Cryptocurrency Regulation?
Current State of the Ripple SEC Case
The SEC won part of their case in the Ripple lawsuit. The court found that Ripple sold $700 million in unregistered securities to big institutions. Former SEC attorney Marc Fagel clarified: “The SEC won in part and lost in part. The court agreed with the SEC that Ripple illegally sold over $700 million in unregistered securities in institutional sales and imposed a $125 million penalty for that violation.”
Appeal Status and Settlement Prospects
Because both parties appealed the part of the case they lost. So the penalty is on hold pending appeal. But the new SEC administration may decide not to pursue the appeal, and perhaps that leads the parties to settle for what the court awarded.
— Marc Fagel (@Marc_Fagel) January 6, 2025
Ripple and the SEC both filed appeals against parts of the ruling in this cryptocurrency regulation case. “Because both parties appealed the part of the case they lost, the penalty is on hold pending appeal,” Fagel explained on January 6, 2025. The XRP legal news keeps changing as the case moves forward.
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Leadership Transition Impact
The Ripple lawsuit might change direction under new SEC Chair Paul Atkins. President-elect Trump picked Atkins for the role. His past work under President Bush could shape how the SEC handles cryptocurrency regulation from now on.
Settlement Timeline Projections
Lawyer Jeremy Hogan thinks the Ripple lawsuit might settle between April and May. As January 15 gets closer, many wonder if Atkins will keep fighting the appeal or try to settle the XRP legal news case instead.
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Market Implications
The SEC appeal keeps everyone guessing about future cryptocurrency regulation rules. The $125 million fine in the Ripple lawsuit stays on hold during the appeals. The new SEC team under Atkins must choose between keeping the fight going or working toward a settlement.
