Ripple’s Executive Chairman and Co-founder, Chris Larsen, is scheduled to meet with new SEC Chair Paul Atkins on May 2, 2025. This meeting is significant because Ripple is currently engaged in a legal battle with the U.S. Securities and Exchange Commission (SEC), a case that has had a major impact on the future of XRP.
Paul Atkins, the newly appointed SEC Chair, is familiar with the world of crypto. As a former SEC Commissioner, Atkins has expressed support for clearer crypto regulations and has even proposed the idea of a “regulatory sandbox” to promote safe blockchain innovation in the United States.
There is speculation that this meeting could lead to real progress in the Ripple-SEC case, potentially resulting in a settlement or discussions about approving a spot XRP ETF. While nothing has been confirmed officially, the timing and high-profile nature of the meeting have raised hopes within the crypto community.
Bloomberg ETF analyst Eric Balchunas recently suggested that there is an 85% chance of an XRP ETF being approved in 2025. If this prediction holds true, it would be a significant milestone for Ripple and could boost investor confidence.
Currently, XRP is trading at around $2.23, with a slight gain of over 1% in the past 24 hours. However, the price briefly dipped to $2.12 after the SEC delayed its review of several crypto-related filings.
While many are hopeful that this meeting could bring about a breakthrough or settlement in the Ripple-SEC battle, not everyone is convinced. Former SEC attorney Marc Fagel dismissed the idea, stating that it doesn’t work that way. Therefore, while today’s meeting holds potential, it is important to keep expectations grounded. The official agenda for the meeting remains confidential, but the crypto world will be closely watching for any developments.
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