CandleFocus XRP Lawsuit News: What Happens Next if The New Administration Drops The Appeal
2024-12-11
Author: Content Editor
President-elect Donald Trump has chosen Paul Atkins, a former SEC commissioner, to replace outgoing SEC Chair Gary Gensler. Many hope that Atkins will repair the damage caused by Gensler's leadership, which resulted in a loss of trust in the SEC. The appointment of Atkins has also raised hopes within the crypto community that the Ripple vs. SEC case might be dropped or settled. However, since the case is currently in appeals, the outcome remains uncertain. Former SEC lawyer Marc Fagel explained that while the court found institutional sales by Ripple to be in violation of the law, the ruling on programmatic sales is still under appeal. If the new administration drops the appeal, the Second Circuit won't have an opportunity to weigh in on the matter.
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