The post Paul Atkins “Conflict of Interest” Triggers $220M Withdrawals from Ripple Markets appeared on BitcoinEthereumNews.com.

Ripple (XRP) came close to slipping below the critical $2 mark on Saturday, only to see a modest recovery as bullish traders reclaimed the $2.15 level. Regulatory uncertainty surrounding SEC Chair nominee Paul Atkins sparked withdrawal from XRP derivatives markets, signalling more downside risks ahead. Why Is  Ripple (XRP) Price Going Down Today? Ripple’ (XRP) latest downturn has been attributed to mounting concerns of “conflict of interest” over the nomination of Paul Atkins as SEC Chair under the Trump administration. While Atkins has long been regarded as a crypto-friendly figure, opposition from U.S. Congress has raised fears of potential regulatory hurdles for Trump’s crypto plans and ongoing ETF reviews. Ripple (XRP) Price Action | March 30 Recently, Ripple secured a major legal victory in its protracted battle with the SEC, bringing long-awaited closure to the case. However, uncertainty surrounding Atkins’ confirmation has cast a shadow over XRP price momentum. As seen in  the chart above, Ripple price tumbled a low as $2.06 on Saturday, before rebound towards the $2.15 level at the time of publication. Atkins’ critics within Congress have expressed concerns over potential conflicts of interest, signaling broader resistance to pro-crypto policies. If his confirmation is blocked, it could indicate a more hostile stance toward upcoming legislative initiatives—such as the proposed Crypto Strategic Reserve, which requires congressional approval for federal cryptocurrency acquisitions. Ripple XRP ETF Approval odd plunge 9% in a week, as Congress scrutinizes Paul Atkins | Source: Polymarkets According to Polymarkets data, investors are now pricing 35% chance that the US SEC could approve XRP spot ETFs before July 31. Notably that figure has now declined 7% since the scrutiny around Trump’s SEC chair nominee, Paul Atkins began. More significantly, investors worry that a less crypto-friendly successor could delay or outright reject altcoin ETFs, dealing a major…

---

Filed under: News - @ March 30, 2025 2:16 am