Ripple CLO Says Case Will Be Withdrawn By SEC Under Atkins in 2025
Ripple’s chief legal officer Stuart Alderoty said optimistic that the future leadership capability of the US Securities and Exchange Commission (SEC) can change the trajectory of the company’s legal struggle. Specifically, he hopes that Paul Atkins, a Paul Atkins nominated by Donald Trump, may adopt a wider position on cryptocurrency companies. Reject law enforcement operations.
In the discussion of XRP Community Day, 2025 on January 28, Alderoty acknowledged the bureaucratic nature of the SEC and expressed his hope that the committee may focus on fraudulent cases under ATKINS.
“Licenses and regulations are not a way to take this country. I believe that the new SEC understands this, and I am still cautious and optimistic, because at some time in 2025, the case will be voluntarily withdrawn.” He said.
The Senate has not arranged Atkins to confirm the hearing, but if he holds the position, Old Roti believes that the SEC can withdraw from civil lawsuits for cryptocurrency companies, especially those who are mainly concerned about the lack of registration. Since December 2020, Ripple is currently related to the SEC lawsuit on its XRP token as an unregistered security.
The case has made significant developments, including the federal judges in August 2024, with ripple liability for more than $ 125 million. Both Ripple and SEC appealed, and Ripple made this decision. The result of the transition of the SEC leadership may seriously affect the legal pattern of Ripple and its future and the future of the agency.
