SEC Chairman Paul Atkins Discusses Ripple (XRP) Case Closure: “Now What?”

The Ripple (XRP)-SEC case, one of the biggest cases in cryptocurrency history, is officially over.

At this point, the SEC officially ended its case against Ripple last week.

While this was received positively in the market, SEC member Hester Peirce, known for her moderate approach to cryptocurrencies, shared a post about the closure of the case.

Peirce, who described the end of the case as a welcome development, stated that with the closure of Ripple and other cases, minds that were once preoccupied with lawsuits can now focus on creating a clear regulatory framework for cryptocurrencies.

SEC Chairman Paul Atkins, responding to Peirce’s comment, stated that he agreed with Peirce and said the outcome of the case should be seen as a turning point.

Atkins said the agency will now focus on drafting a clear cryptocurrency regulatory framework that supports innovation and investor protection.

“SEC member Peirce is right. Now that the SEC vs. Ripple case has concluded, we have the opportunity to shift our energy from the courtroom to the policymaking table.

“The resolution of the case could also be a chance to establish a clear regulatory framework that encourages innovation and protects investors.”

In the case, which began in late 2020, the SEC accused Ripple of selling XRP as an unregistered security.

*This is not investment advice.