With Palatine Atkins taking charge as the new head of the Securities and Exchange Commission (SEC), speculation about an early resolution to the Ripple (XRP) legal case has increased. However, some experts, including a former SEC lawyer, have cautioned against these optimistic views. After Atkins’ official appointment, cryptocurrency supporters hope that supportive reforms for digital assets will be implemented more quickly. A Ripple advocate lawyer has stated that there are no more excuses for delaying the case and it remains to be seen whether the Commission’s supportive approach is genuine. On the other hand, James Farrell, a former SEC lawyer, believes that the change in leadership will not have much impact on the decision-making process. He mentioned that many requests for dismissal or suspension of crypto-related cases had been reviewed and accepted prior to Atkins’ arrival. He emphasized that the reason for delays is the finalization of proposals or collecting feedback, not a managerial vacuum. Last week, the U.S. appeals court suspended the review process of objections from both Ripple and the Commission. The SEC is expected to present its progress report within 60 days, a sign that strengthens the possibility of a final agreement, although an immediate resolution seems unlikely. Meanwhile, Ripple’s price has dropped by 1.4% in the past 24 hours to $2.10, with its trading volume increasing by 5% to $2.45 billion. Many market participants are hopeful that after the conclusion of this case, they will witness a price surge in XRP. You can track the live prices of all tokens and cryptocurrencies on the momentary price page.
