Donald Trump

Chair

<p>President-elect Donald Trump has selected Paul Atkins, former SEC commissioner, to lead the SEC. Atkins is set to replace <a href="https://coinpedia.org/news/big-breaking-sec-chair-gary-gensler-officially-resigns/" target="_blank" rel="noreferrer noopener">outgoing SEC Chair Gary Gensler</a>. Many are hopeful that Atkins will undo the damage caused by Gensler, whose leadership led to a loss of trust in the SEC. Retail and institutional investors alike were frustrated under Gensler's rule, which some believe was influenced by anti-crypto forces like Elizabeth Warren and the banking cartel.</p>   
<p>One of the key cases that has drawn significant attention is <a href="https://coinpedia.org/news/ripple-vs-sec-update-key-win-for-ripple-as-court-speeds-up-xrp-lawsuit-judgment/" target="_blank" rel="noreferrer noopener">Ripple vs. SEC</a>, which began in 2020. With the recent appointment of <a href="https://coinpedia.org/news/gary-genslers-rule-ends-can-paul-atkins-reverse-cryptos-sec-nightmare/" target="_blank" rel="noreferrer noopener">Paul Atkins as SEC Chairman</a>, the crypto community is hopeful that the case might be dropped or settled. However, since the case is currently in appeal, the outcome remains uncertain. If the case is dropped, it could mark a significant shift in how the SEC handles crypto-related matters, but the final decision will depend on the developments in the appeals process.&nbsp;</p>   [post_titles_links postid="391596"]   
<h2 class="wp-block-heading" id="h-will-the-sec-drop-the-appeal"><strong>Will The SEC Drop The Appeal?</strong></h2>   
<p>Former SEC lawyer Marc Fagel explained that while the court found institutional sales to be in violation of the law, it did not rule against programmatic sales, which are currently under appeal. However, if the new administration drops the appeal, the Second Circuit won't have a chance to weigh in.&nbsp;</p>   
<p>Fagel further clarified that although Ripple was sued for selling unregistered securities, some of their sales were found to involve securities, while others were not. When a user commented that Judge Torres disagreed with the SEC, Fagel responded, saying that she only disagreed with them in part. He said that she also agreed with the SEC, ruling that Ripple illegally raised over $700 million in an unregistered securities offering.</p>   
<blockquote class="wp-block-quote">
  
 <p>“The court found institutional sales to violate the law, but not programmatic sales. The latter is on appeal. Though if the new administration drops the appeal, we won't have a chance to have the Second Circuit weigh in, unfortunately,” </p> 
</blockquote>   
<p><strong>Fagel wrote.</strong></p>   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1733898759759">
  <strong class="schema-faq-question"><strong>What is the current status of the Ripple vs. SEC case?</strong></strong> 
  <p class="schema-faq-answer">The Ripple case is under appeal, with institutional sales deemed illegal but programmatic sales still in question.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733898760815">
  <strong class="schema-faq-question"><strong>How has Gary Gensler’s leadership impacted the SEC?</strong></strong> 
  <p class="schema-faq-answer">Gensler's tenure led to frustration among investors, with claims of anti-crypto bias and a loss of trust in the SEC's leadership.</p> 
 </div> 
</div>

XRP Lawsuit News: What Happens Next if The New Administration Drops The Appeal

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