SEC to focus on ‘Clear’ Crypto Regulations After Ripple Case: Paul Atkins
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The United States Securities and Exchange Commission (SEC) is signaling an increasing focus on developing a clear cryptocurrency regulatory framework after ending one of the industry’s longest-running legal battles. The SEC and Ripple Labs ended their almost five-year dispute after both parties filed to drop their legal appeals and bear their costs and fees, according to a filing last Thursday with the Second Circuit Appeals Court. The case’s conclusion is a “welcome development” that ensures “minds once occupied with litigation now can concentrate on creating a clear regulatory framework for crypto,” said SEC Commissioner Hester Peirce in a Monday X post. “With this chapter closed, we now have an opportunity to shift our energy from the courtroom to the policy drafting table,” said SEC Chair Paul Atkins in response to Peirce’s post. “Our focus should be on building a clear regulatory framework that fosters innovation while protecting investors,” he added. Source: Paul Atkins Related: XRP tops $3 as Ripple case nears potential SEC dismissal The SEC sued Ripple in December 2020, alleging the company raised $1.3 billion through unregistered XRP securities sales. In July 2023, Judge Analisa Torres ruled that XRP was not a security when sold to retail investors but was a security in sales to institutions. Ripple was fined $125 million in August 2024. SEC vs Ripple Labs, legal dispute, timeline. Source: Cointelegraph The end of the case comes as lawmakers advance the Digital Asset Market Clarity Act, known as the CLARITY Act. The bill aims to define the structure of digital asset markets. Related: White House crypto rules bring SEC-CFTC clarity for US crypto firms: Lawyer Push for the CLARITY Act Republican lawmakers and the Senate Banking Committee aim to pass the bill by Sept. 30 despite growing signs of pushback from Democratic Party lawmakers. Earlier in…
Filed under: News - @ August 13, 2025 12:28 am