A high-stakes meeting is set to take place soon, which could be a turning point in the crypto industry. Ripple’s Executive Chairman and co-founder, Chris Larsen, is all set to meet with the new SEC Chair, Paul Atkins, on May 2, 2025.
With crypto rising as a priority under the Trump administration, the meeting could be a key development for Ripple, XRP, and the crypto industry.
Atkins, who has been the former SEC Commissioner, has already expressed his support for blockchain innovation. At a recent roundtable conference on April 25, he said that the SEC should stop holding back crypto growth and should work on developing clear, supportive rules.
What To Expect From the Meeting?
The agenda for the meeting is not confirmed yet, however, a settlement or resolution of the SEC vs Ripple case is expected. This could set a precedent for how other digital assets are treated in the future.
The possible outcomes could include clarifications on whether XRP is a security, which has been a long-debated issue. There could also be a discussion on how blockchain can improve global payments, which would increase XRP’s adoption.
The pro-crypto SEC Chair has also expressed interest in creating a regulatory sandbox for crypto, which will allow companies to test new ideas without strict rules, helping more blockchain projects grow in the U.S.
XRP ETF Approval Chances Rise to 85%
With the crypto market recovering after the recent tariff turmoil, excitement around ETFs is growing. Recently, Bloomberg ETF analyst Eric Balchunas shared a report suggesting that XRP has an 85% chance of ETF approval by the SEC in 2025.
XRP could be set for a breakout ahead. It is currently trading at $2.23, up over 3% in the past 24 hours.
