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Ripple 2025 Renews Hopes: New SEC Chairman May Withdraw That Case! - Coin Bulletin
**Ripple's Chief Legal Officer Stuart Alderoty stated that SEC's new chairman nominee Paul Atkins could drop crypto cases that do not involve fraud.
Ripple Labs' Chief Legal Officer Stuart Alderoty stated that if the potential new chairman Paul Atkins of the U.S. Securities and Exchange Commission (SEC), is confirmed by the Senate, he could dismiss the lawsuits against crypto companies.
Alderoty said at the X Spaces event held on January 28, 2025 as part of the XRP Community Day that he hoped the SEC could withdraw the lawsuits that do not involve fraud and are based on registration issues.
Alderoty, referring to the possibility of the SEC still being a bureaucracy that will take some time to overcome, said, 'It will take a while for the SEC to deal with this, Atkins' cases to be dropped,' and added:
(# What had happened in the Ripple case?
In the lawsuit filed against Ripple in December 2020, the SEC alleged that the company raised funds by using XRP assets as unregistered securities.
A federal judge left Ripple facing a liability of over $125 million in August 2024, following this decision, while the SEC appealed, Ripple also filed a counter-appeal.
Ripple CEO Brad Garlinghouse had announced that 75% of the company's hires would be in the U.S. as a direct result of the 2024 elections before Trump took office.
Alderoty also said that the Republican Congress, which includes many elected legislators through Fairshake political action committee supported by Ripple's $45 million donation, could advance a crypto market structure bill.