Ripple’s Chief Legal Officer, Stuart Alderoty, is hopeful that the potential next SEC chair, Paul Atkins, will withdraw the SEC’s enforcement actions against crypto firms not involved in fraud. He believes that by 2025, the SEC may take a more favorable regulatory approach.
The SEC case against Ripple began in December 2020 over XRP being considered unregistered securities. Alderoty emphasized the influence of political support for crypto, citing Ripple’s substantial donations to pro-crypto campaigns and looking forward to positive legislative developments.