XRP News Today: SEC Chair Signals Possible Shift in XRP Case Amid Regulatory Overhaul

Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) has entered a new phase following remarks by SEC Chairman Paul Atkins. On July 22, 2025, Atkins issued a public statement and a tweet signaling a potential shift in the agency’s position on the ongoing XRP case [1]. His comments have sparked renewed hope among investors and legal observers that the SEC may be moving toward ending its appeal against Ripple. This would mark a significant turning point in a case that has spanned years and had wide-ranging implications for the broader crypto industry.

Atkins introduced “Project Crypto,” a commission-wide initiative aimed at modernizing securities regulations and positioning the U.S. as a global leader in blockchain and crypto asset technology [1]. In both his tweet and a public video statement, he emphasized the importance of ensuring that the next wave of financial innovation takes place in America. He referenced the President’s Working Group (PWG) report on Digital Asset Markets as a “blueprint” for regulatory reform, suggesting the SEC intends to lead in shaping the future of digital finance. His comments align with broader policy goals under the current administration, including fostering U.S. dominance in the crypto space.

Ripple’s Chief Legal Officer, Stuart Alderoty, responded to Atkins’ remarks on X, highlighting a contrast between the current SEC leadership and its previous approach. Alderoty noted that the prior administration had driven crypto companies offshore and that the new leadership appears to be focused on establishing clear, tailored regulatory standards [1]. This marks a departure from the enforcement-heavy stance that characterized much of the SEC’s dealings with the crypto industry under Chair Gary Gensler. Alderoty’s comments underscored the potential for a more balanced and business-friendly regulatory environment under the new administration.

Legal expert Bill Morgan, however, raised a pointed question about the practicality of these developments. In a direct response to Alderoty’s post, Morgan asked whether Chair Atkins could actually secure a vote from SEC commissioners to dismiss the appeal against Ripple [1]. His question highlights a critical legal hurdle: even with a shift in tone, any withdrawal of the appeal would require formal action by the SEC’s commissioners and legal team. Morgan’s remarks also imply a test of the new leadership’s commitment to its stated goals, as ending the appeal could serve as a defining early move.

Atkins’ public statements and the responses from Ripple and outside experts reflect a broader debate over the future of crypto regulation in the U.S. While no formal decision has yet been made regarding the appeal, the tone from the top of the SEC suggests a willingness to re-evaluate its approach. This could lead to greater regulatory clarity for the industry, though it remains to be seen how quickly or effectively such changes will materialize. The outcome of the XRP case will likely set a precedent for how digital assets are treated under U.S. securities law, with implications for other companies in the crypto space.

The SEC has not officially announced any change in its position, but the chair’s remarks have been interpreted as a signal to the market and to Ripple’s legal team. Ripple has not publicly commented on the possibility of the appeal being withdrawn, though internal discussions are reportedly ongoing. The company has been actively managing its XRP reserves, including recent large transfers, as it navigates the uncertainty surrounding the case.

Source:

[1] title: SEC Chair Fuels Hope of Ending Appeal Against Ripple

url: https://timestabloid.com/xrp-case-update-sec-chair-fuels-hope-of-ending-appeal-against-ripple/