With the January 15 deadline for the SEC to file its brief in the Ripple case fast approaching, optimism is building among XRP advocates and crypto legal experts. Many believe a positive outcome for Ripple could significantly boost XRP’s price and pave the way for broader adoption, including the launch of an XRP ETF.
SEC Leadership Shift Brings Hope
The recent appointment of pro-crypto advocate Paul Atkins as SEC Chair marks a potential turning point in the agency’s stance on digital assets. Unlike his predecessor Gary Gensler, known for his enforcement-heavy approach, Atkins is expected to bring a more collaborative attitude toward the cryptocurrency industry.
This leadership change has sparked hope among XRP supporters, including prominent lawyers Jeremy Hogan, Fred Rispoli, and Bill Morgan, who suggest Atkins might dismiss or settle the long-standing lawsuit. Ripple’s General Counsel, Stuart Alderoty, has also called for a “clean slate” under Atkins, urging the SEC to abandon the controversial practices of the Hinman era.
Also Read: XRP Shows Hidden Bullish Divergence, This Analysts Predict a 30% Price Recovery
Ripple’s Win Could Trigger XRP Surge
If the lawsuit is dismissed or settled, analysts predict a dramatic price surge for XRP, potentially reaching $3 or more. The lawsuit has long weighed on XRP’s price, and a favorable resolution could provide the momentum needed to break out of its current range.
Additionally, the dismissal of the lawsuit could clear the path for an XRP-based exchange-traded fund (ETF). Such a development would introduce mainstream investment opportunities, increase liquidity, and further drive adoption of XRP within traditional financial markets.
Regulatory Clarity and Market Sentiment
Ripple executives, including CEO Brad Garlinghouse, remain optimistic about the case’s resolution, citing the SEC’s previous overreach under Gensler. The industry is now keenly watching Atkins’ approach to reset the SEC’s relationship with the crypto sector.
The January 15 filing will provide critical insight into the SEC’s current position. Should the appeals court rule in Ripple’s favor, XRP could see unprecedented gains, cementing its position as a leader in the crypto market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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