XRP Case Update: SEC Chair Fuels Hope of Ending Appeal Against Ripple

A new tweet from SEC Chairman Paul Atkins, alongside a public video statement, has reignited interest in the future of U.S. crypto policy. Legal expert Bill Morgan weighs the possibility of his influence on SEC commissioners’ votes to end the long-standing case.

The chairman officially launched “Project Crypto,” which he described as a commission-wide initiative aimed at modernizing securities regulations to ensure the United States becomes a global leader in blockchain and crypto asset technology.

In the accompanying video, Atkins emphasized that the SEC, under his leadership, would not stand by while digital innovation and capital markets advance overseas. He referenced the President’s Working Group (PWG) report on Digital Asset Markets, calling it a “blueprint” for maintaining U.S. dominance in the crypto space.

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-6a57f7be-8f6e-4deb-ae2c-5477f86653a5"]{width:320px;height:100px;} } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-6a57f7be-8f6e-4deb-ae2c-5477f86653a5"]{width:728px;height:90px;} }

The report outlines recommendations for agencies like the SEC to help build a regulatory structure enabling America’s financial markets to transition on-chain. Atkins made it clear that the SEC intends to lead actively in this transformation, noting that the initiative aligns with President Trump’s broader goals for digital asset leadership.

Stuart Alderoty Responds to the Announcement

Alderoty said, “Chair Atkins knows the prior administration pushed crypto companies offshore. He’s now focused on clear, tailored standards — and drawing firm lines to curb SEC overreach.”

Ripple CLO’s comment highlights the often-cited criticism that the former SEC administration under Chair Gary Gensler created an uncertain and adversarial regulatory climate for U.S.-based crypto firms, which some believe compelled them to relocate their operations overseas.

Alderoty’s post implies optimism about the change in tone from the SEC’s highest office, suggesting that the new leadership may aim to establish regulatory clarity through measured reforms instead of enforcement-centric tactics. The emphasis on “curbing SEC overreach” highlights a significant theme in Ripple’s ongoing legal conflict with the agency.

Bill Morgan Raises Legal Implications for Ripple Appeal

Responding directly to Alderoty’s post, Australian legal expert Bill Morgan offered a pointed question that drew immediate attention from those closely following the Ripple v. SEC lawsuit. Morgan wrote, “Can Chair Atkins actually get the SEC commissioners to vote to dismiss the Appeal in SEC v Ripple and his SEC attorneys to file papers dismissing the Appeal.”

Morgan’s remark touches on a critical legal stage in the Ripple case. Although Judge Torres previously ruled that XRP sales on exchanges did not constitute securities offerings, the SEC has appealed the decision.

Morgan is questioning whether, under the newly announced Project Crypto initiative and its stated goal of regulatory clarity and pro-innovation policy, Chair Atkins will push for a withdrawal of the appeal. Such a move would require the support of the SEC’s commissioners and action by the agency’s legal team.

This comment from Morgan implies a potential test of the new SEC leadership’s sincerity in implementing its stated policy objectives. If the SEC genuinely aims to abandon the enforcement-heavy approach of the past, then ending the legal battle against Ripple could serve as a defining early move for the administration.

Disclaimer*: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.*