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Paul Atkins Reacts to Ripple vs SEC Lawsuit End: Here's What's Coming Next | CoinGape
With the pro-crypto supporter Paul Atkins becoming the SEC Chair, investors set a bunch of expectations for him, especially around crypto regulations. Some regulatory development has already taken shape, while a lot is still pending. However, amid this, the end of the Ripple vs SEC lawsuit has come as a major confidence booster, especially as Atkins has commented on the case’s closure.
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Paul Atkins Calls Ripple Vs SEC Lawsuit End Favorable For Regulations
Ripple vs SEC lawsuit officially closed on August 7, but it’s still in community discussion. As the case haunted investors and XRP holders for years, they await better results, especially around the Ripple token’s price performance and ETF developments. Interestingly, the Commissioners Peirce and others have a lot to add to the case. She recently posted about the Ripple case and claimed the end was welcoming, and even Paul Atkins supported her take.
In an X post, Atkins said that “Commissioner Peirce is right,” before calling this closure an opportunity for crypto regulations. He added that,
 Source: X, Paul Atkins
This statement differs from the SEC when it was under the ex-Chair Gary Gensler’s administration. Investors approve of this notable change in support from the years of high-profile enforcement actions.
Overall, with the comments on the XRP lawsuit, Atkins has hinted that it’s time for the SEC to shift its policies.
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Paul Atkins Hints at What’s Coming Next
With the same X post, along with calling this an opportunity for crypto regulations, Atkins has added on what the SEC should focus on now. With the major digital-related developments in the U.S., including Donald Trump’s executive order on 401(k), and more, Atkins wishes to align the SEC with the same.
He tweets that there should be a clear regulatory framework for digital assets. Along with that, they should support the innovation while ensuring to protect the investors. As the SEC chair envisages such a role, it is anticipated that such reforms could take shape soon.
While the statement is promising, there are still challenges. The biggest hurdle is in crafting a balanced rulebook that collaborates with lawmakers, regulators, and investors. As a result, this may take time, but it might happen in the next few years, as the SEC’s perspective on cryptocurrency has significantly changed.
This year alone, they have organised multiple crypto roundtable discussions and plan to host more throughout the year.
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Why Does This Matter?
Ripple vs SEC lawsuit win is more than just the blockchain firm’s legal win; instead, it is a symbolic milestone for the crypto industry. Experts believe that if a policy is driven by this, the case may become the turning point for U.S. crypto regulation.
For now, Paul Atkins’ remarks have filled optimism among investors, as it is a potential indication that the SEC might work on bringing a regulatory-friendly environment for crypto.
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Frequently Asked Questions (FAQs)
The closure of the Ripple vs. SEC lawsuit, along with Trump signing an executive order to include crypto and other assets in 401(k) plans, boosts investor confidence.
Atkins calls the end a favorable opportunity for U.S. crypto regulations.
The lawsuit was among the biggest legal battles between the crypto industry and regulators. Here, Ripple opens the possibility of policy reforms and the development of U.S. crypto regulations.
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