After the new President Paul Atkins, the new president of the US Securities and Stock Exchange Commission (SEC), started to work by sworn in, mobility in the crypto currency market began to be observed. In particular, expectations that the course of the XRP case between Ripple and SEC could change. Atkins’s pro-dijital asset approach and its open to regulatory reforms attracted the attention of sector representatives. However, these developments cause different interpretations; In addition to optimistic expectations, cautious approaches stand out.
Changing balances and expectations with the new president
Atkins’s starting task is considered as a signal that the approach within the SEC may change. Some of the market actors think that this change can accelerate long -term legal processes, especially in the XRP case. Some names from the SEC, Atkins’ leadership can no longer be an excuse for delays, he says.
Lawyer Fred Rispoli, in his assessment of social media, “Atkins’s arrival to the task, shows that there is no longer the excuse of delay. SEC, the stage of testing digital asset reforms,” he said. Although such comments are a positive atmosphere throughout the market, some experts argue that care should be taken against hasty expectations.
On the SEC side, it is stated that concrete steps have not yet been taken for the restructuring of the process, only the draft preparations and opinions are continuing. It is also emphasized that the former commission decisions were taken before Atkins and that today’s slowness is due to structural delays, not leadership change.
Latest Situation and Market Reflections in Ripple – SEC Case
During the lawsuit between Ripple and SEC, the decision of the court recently drew attention. Giving the parties the opportunity to reconcile opened a new window in the course of the case. However, concerns are also expressed that this situation can extend the process rather than shortening.
The court asks the SEC to offer up -to -date developments within 60 days. Technical and regulatory assessments of the case file will be decisive in this process.
The effect of all these developments on the crypto money market is complex. While a 2 %decrease in XRP prices is observed, the rise of the transaction volume shows that investors have a cautious waiting. It is estimated that this fluctuation can evolve in different directions according to the course of the process.
While the expectations of Atkins’ reformist stance will accelerate the case process, market commentators are still cautious. Crypto currency investors seem to continue to be careful until legal developments and regulatory clarity are achieved.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
