XRP Lawsuit Update: Legal Expert Anticipates Atkins Will Not Dismiss the Case, Foresees Probable Settlements

SEC’s appeal of the XRP ruling is ongoing under the new SEC Chair, Paul Atkins, which has sparked hopes for more settlements and clearer guidelines in the cryptocurrency industry.

If the SEC drops the appeal or moves towards favorable settlements under new leadership, the price of XRP could surge, indicating a more favorable stance towards cryptocurrencies.

Previously, Ripple was fined $125 million in August, leading many to believe that the lawsuit was over. However, the SEC continued to appeal the decision and officially appealed the ruling on XRP in October. The SEC was unsatisfied with the judge’s decision and escalated the case to the appeals court.

Now, Paul Atkins is set to replace Gary Gensler as the new SEC Chair. Atkins has been critical of the tough approach, particularly the use of “regulation by enforcement,” which has been a point of controversy. It is expected that this strategy will come to an end under Atkins’ leadership.

Speculation suggests that the SEC may start reducing or even dropping some of the current lawsuits, especially those seen as frivolous or not involving fraud. In an interview with Thinking Crypto, Amanda Tuminelli from the DeFi Education Fund suggests that while completely dropping the lawsuits may not happen immediately, there is likely to be a shift in approach.

Tuminelli believes that the SEC may instead pursue favorable settlements, known as “consent decrees,” which allow both parties to negotiate a resolution while the court ensures the terms are carried out. This could provide a way to resolve cases without fully dropping them.

She also hopes that these settlements could lead to clearer guidelines for the industry, potentially pushing the SEC to engage in more rulemaking or provide a clearer path for registration. This way, even without dropping the lawsuits, the industry can learn from the cases and gain a better understanding of the SEC’s expectations.

In conclusion, if a settlement or dismissal occurs, the price of XRP is likely to rise as it would improve market sentiment. If the SEC drops the appeal, it could indicate a more friendly stance towards Ripple and the cryptocurrency industry. This case is important for both new and existing XRP holders to watch. In short, under new leadership, the SEC may soften its aggressive stance, leading to more settlements and clearer regulations, although not necessarily dropping cases altogether.Coinpedia.org Unsubscribed Popup Modal

`

`//image.chainfuture.vip/wp-content/uploads/2024/07/29152448/succsess-image.gif” alt=”subscribed icon” width=”110″ class=”subscriber-image”/>

pop-cancel
pop-cancel

Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community!

`;

let selectedSubscriptionsArray = selectedSubscriptionsString.split(‘,’);
let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split(‘_’)[0]);
let subscribedCategoriesString = subscribedCategories.join(‘, ‘);

subscribedmodal.innerHTML = subscribedPopupModal;
if (document.getElementById(‘selectidname’)) {
document.getElementById(‘selectidname’).textContent = subscribedCategoriesString;
}

document.querySelector(‘#subscribe-modal-design .modal’).style.display = ‘none’;
subscribedmodal.style.display = ‘block’;
subscribedmodal.classList.remove(‘hide’);
subscribedmodal.classList.add(‘show’);
document.getElementById(‘subscribe_’ + categoryid).style.display = ‘none’;
document.getElementById(‘unsubscribe_’ + categoryid).style.display = ‘block’;
var showDownloadReport = document.getElementById(‘download_report’);
if (showDownloadReport) {
showDownloadReport.style.display = ‘block’;
}
}

} catch (e) {
console.error(‘Error parsing response:’, e);
}
},

});
}

function closeModal(template_id) {
var modalId = template_id;
var modal = document.querySelector(‘#’ + modalId);

if (modal) {
modal.classList.add(‘hide’);
modal.classList.remove(‘show’);
setTimeout(function() {
modal.style.display = ‘none’;
}, 500);

} else {
console.warn(‘Modal not found:’, modalId);
}
}

function closeunsubscribemodal() {
var unsubscribemodal = document.querySelector(‘.unsubscribed-popup-modal .modal’);

if (unsubscribemodal) {
unsubscribemodal.classList.add(‘hide’);
unsubscribemodal.classList.remove(‘show’);
}
setTimeout(function() {
unsubscribemodal.style.display = ‘none’;
}, 500);
}

function closesubscribemodal() {
var subscribedmodal = document.querySelector(‘.subscribed-popup-modal .modal’);
setTimeout(function() {
subscribedmodal.style.display = ‘none’;
}, 500);
if (subscribedmodal) {
subscribedmodal.classList.add(‘hide’);
subscribedmodal.classList.remove(‘show’);
}
}

function withoutLoginClicked(withoutlogin_id) {

localStorage.setItem(‘subscribe_without_Login’, ‘true’);
localStorage.setItem(‘subscribe_clicked_id’, withoutlogin_id);
}

document.addEventListener(‘DOMContentLoaded’, function() {
var templateId = ‘6’;
getAllSubscriberCategoryList([templateId]);

jQuery.ajax({
url: ‘https://chainfuture.vip/wp-admin/admin-ajax.php’,
type: ‘GET’,
data: {
action: ‘subscribe_api_ajax_request’,
apiurl: ‘/app/email_newsletter/list’,
},
success: function(response) {
var resultonload = JSON.parse(response.message);
var storeallcategory = resultonload.message;

if (Array.isArray(storeallcategory)) {
var allCategoryIds = storeallcategory.map(function(item) {
return String(item.news_cp_category_row_id);
});
var uniqueCategoryIds = Array.from(new Set(allCategoryIds));

var templateIdStr = String(templateId);

if (!uniqueCategoryIds.includes(templateIdStr)) {

var idNotMatchTounsubscribe = document.getElementById(‘unsubscribe_’ + templateIdStr);
var idNotMatchTosubscribe = document.getElementById(‘subscribe_’ + templateIdStr);

if (idNotMatchTounsubscribe) {
idNotMatchTounsubscribe.style.display = “none”;
}
if (idNotMatchTosubscribe) {
idNotMatchTosubscribe.style.display = “none”;
}
}
} else {
console.log(“storeallcategory is not an array.”);
}
},
error: function(xhr, status, error) {
console.error(“AJAX request failed:”, status, error);
}
});

const subscribewithoutData = localStorage.getItem(‘subscribe_without_Login’);
const subscribe_clicked_cat_id = localStorage.getItem(‘subscribe_clicked_id’);

function getCookie(name) {
let value = “; ” + document.cookie;
let parts = value.split(“; ” + name + “=”);
if (parts.length == 2) return parts.pop().split(“;”).shift();
}

const userToken = getCookie(‘user_token’);

if (subscribewithoutData === ‘true’ && userToken) {
subscribed_popupmodal(subscribe_clicked_cat_id);

localStorage.removeItem(‘subscribe_without_Login’);
localStorage.removeItem(‘subscribe_clicked_id’);
}
});

/************************** update susbcriber content **************************** */
function initializeSubscriptionButton() {
var initialListItems = document.querySelectorAll(‘.subscription-options input[type=”checkbox”]’);
initialListItems.forEach(function(item) {
console.log(item.checked, ‘Initial Checkbox checked status’);
});

var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;

var anyActive = false;
listItems.forEach(function(item) {
var checkbox = item.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
if (checkbox.checked) {
item.classList.add(‘active’);
anyActive = true;
} else {
item.classList.remove(‘active’);
}
}
});

}

function updateButtonText(anyActive) {
var subscribeButtonSpan = document.querySelector(‘.subscribe-submit .changeBtnText’);
if (subscribeButtonSpan) {
if (anyActive) {
subscribeButtonSpan.textContent = ‘Subscribe Now’;
} else {
subscribeButtonSpan.textContent = ‘Unsubscribe’;
}
}
}

function updateSubscriptionButton() {
var listItems = document.querySelectorAll(‘.subscription-options li’);
if (listItems.length === 0) return;

var anyActive = false;
listItems.forEach(function(item) {
var checkbox = item.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
if (checkbox.checked) {
item.classList.add(‘active’);
anyActive = true;
} else {
item.classList.remove(‘active’);
}
}
});

updateButtonText(anyActive);
}
document.addEventListener(‘click’, function(event) {
var clickedItem = event.target.closest(‘.subscription-options li’);
if (clickedItem) {
var checkbox = clickedItem.querySelector(‘input[type=”checkbox”]’);
if (checkbox) {
checkbox.checked = !checkbox.checked;
updateSubscriptionButton();
}
}
});
FAQs

What is the current status of the SEC lawsuit against Ripple (XRP)?
The SEC continues to appeal the ruling in favor of Ripple, with a potential shift in approach under new SEC Chair, Paul Atkins.

Could the SEC drop the Ripple lawsuit?
While not likely immediate, the SEC may pursue settlements or consent decrees, offering industry clarity without dropping cases.

TagsCrypto newsCrypto RegulationsRipple (XRP)

Leave a Reply

Your email address will not be published. Required fields are marked *