Stuart Alderoty, Ripple’s legal director, expressed his optimism that the future leadership of the American Securities and Exchange (SEC) commission could move the trajectory of the company’s continuous legal battle. More specifically, he hopes that Paul Atkins, appointed by Donald Trump to direct the dry, could adopt a more lenient position towards cryptographic societies, perhaps rejecting application measures based on registration issues rather than fraud .
In a discussion of January 28 for Community Day XRP 2025, Alderoty recognized the bureaucratic nature of the dry and expressed his hope that in virtue of Atkins, the commission could focus on cases related to fraud.
“The dispute, the regulations by application, is not the way that this country should follow. I believe that the new dry understands it, and I remain cautiously optimistic that at one point in 2025, the case will be withdrawn voluntarily, “he said.
The Senate has not yet planned a confirmation hearing for Atkins, but if he assumes the role, Alderoty thinks that the SEC could fall from civil proceedings against cryptographic companies, in particular those where the main concern is a lack of registration. Ripple, who is currently involved in a trial with the dry on the classification of his XRP token as unregistered security, has been in legal limbo since December 2020.
The case experienced significant developments, including a federal judge in power in August 2024 that Ripple was responsible for more than $ 125 million. Ripple and the SEC have submitted calls, Ripple contesting the decision. The result of the SEC leadership transition could have a significant impact on Ripple’s legal landscape and its future with the agency.