Ripple-News: End of the sec./.ripple procedure will probably be further delayed
- Despite the new Pro-Crypto attitude of the authority, the case will not be resolved as soon despite the new pro crypto attitude.
- Internal bureaucratic processes of the SEC should determine the pace for the final end of the legal dispute.
The sec./.ripple procedure is dragging further. A recent 60-day delay signals that the comparison talks between Ripple and the Sec. However, former SEC officials say that internal processes and not the change of management will determine the pace of progress.
Mixed reactions to new second boss Paul Atkins
Paul Atkins was 34th on April 22nd. Chairman of the Sec sworn in and some in the crypto industry had hoped for a different tone. The Atkins confirmed by President Donald Trump and confirmed with 52 to 44 votes from the Senate is considered crypto -friendly.
He was already under his predecessor Gary Gensler in the authority and previously advised Patomak Global Partners Blockchain companies during his time. Atkins is involved in Anchorage Digital and Securice, with shares worth up to $ 6 million.
Fred Rispoli, a Pro-XRP lawyer, was optimistic after Atkin’s swearing-in. He said that the commission is now fully occupied, there are no excuses for delays. Rispoli regarded the change of leadership as a test for keeping the SEC to the crypto industry. However, this optimism was skeptical by the former SEC lawyer James Farrell with skepticism recorded. Farrell said that the application for suspension and other measures were approved in the case before Atkins took office.
According to Farrell, the delays are due to more comprehensive regulatory processes, not to change in the line. He said that the authority may still catch up with public comments or refine the rules for digital assets, which often slows down the decision -making. Although Atkins’ background meets the expectations of the industry of a reform, the procedural periods will not change at short notice.
Ripple and SEC continue comparison talks
As CNF reported, the US Court of Appeal granted a joint application by Ripple and the SEC for suspension of the procedural procedure last week. This step enables the parties to negotiate the conditions for a comparison. According to the judicial order, the SEC must present a progress report within 60 days.
This means that something is happening behind the scenes, but not necessarily that a solution is found. Experienced lawyers say that such sentences often mean conversations without agreement. The suspension has caused different reactions. Some see it a sign of an agreement. Others, such as Farrell, consider them an administrative step in a larger regulatory process.
The course of XRP reflects the uncertainty of the market. After the suspension, XRP fell by 7.56 % to $ 2.25 with sales of $ 5.02 billion. At the time of the last update, XRP consolidates $ 2.09 with a maximum of $ 2.14. Despite the price movement, sales rose by 5 % to $ 2.43 billion.
ATKINS shifts SEC focus on crypto
Atkins takes over the management of an authority. After Gary Gensler’s resignation in January 2025, the interim management had already started to reduce the enforcement of the regulations. The incumbent chairman Mark Uyeda and Commissioner Hester Peirce launched a crypto-taskforce to speak to companies for digital assets.
Now Atkins will build on it. Industry insiders expect a formal re-evaluation of all tokens to determine which digital assets are securities. Atkins has promised to provide clarity through a “coherent and fundamental approach” and to create a balanced environment for innovation and compliance.
Not everyone is satisfied. Critics, including Senator Elizabeth Warren, expressed concerns about Atkin’s earlier consultant role at the scandal company FTX and his connections to Wall Street. However, big names such as the CEO of Coinbase, Brian Armstrong, have publicly approved its appointment and referred to his experience in the field of regulation.
In parallel to the Ripple case, the SEC has to deal with around 70 crypto ETF applications under the new boss Atkins, including those for Solana, XRP, Dogecoin and Melania.
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