Expert Believes Atkins Won’t Dismiss Case, Settlements Likely | Airdrop Alert Pro

Back in August, Ripple fined $125 millionthe lawsuit appears to be over. However, the SEC continues to appeal the decision. In October, the SEC formally appealed its previous ruling against XRP. The SEC was not satisfied with the judge’s decision and appealed it to the Court of Appeals.

Now, Paul Atkins is set to replace Gary Gensler Serves as the new SEC Chairman. Atkins has been critical of the hard-line approach, particularly his use of “enforcement oversight,” which has been a point of controversy. Many expected this strategy to end under Atkins.

There has been speculation that the SEC may begin to reduce or even drop some of its current lawsuits, particularly those that are deemed frivolous or do not involve fraud. However, in a Interviewed by Thinking Crypto, Amanda Tuminelli of the DeFi Education Fund said that while litigation may not be abandoned entirely immediately, there may be a shift in approach.

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Tuminelli believes the SEC may seek a favorable settlement, known as a “consent order.” These allow the parties to negotiate a solution while the court ensures that the terms are enforced. This can provide a way to resolve the case without abandoning it entirely.

She also hopes the settlements will bring clearer guidance to the industry, possibly pushing the SEC to enact more rules or provide a clearer path to registration. In this way, even without abandoning litigation, industry can learn from the cases and better understand the SEC’s expectations.

in conclusion:

In the event of a settlement or dismissal, Ripple price It is likely to rise as this will improve market sentiment. If the SEC withdraws its appeal, it could signal a more friendly stance toward Ripple and the crypto industry. This is an important case to watch for new and existing XRP holders. In short, under new leadership, the SEC is likely to soften its aggressive stance, leading to more settlements and clearer regulation, though not necessarily dropping cases entirely.

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