Ripple’s long-standing legal battle with the US Securities and Exchange Commission may be approaching a decisive moment. According to a report making the rounds, Ripple’s executive Chairman Chris Larsen is set to meet with new SEC Chair Paul Atkins on May 2, 2025, in a closed-door session that could significantly impact the future of XRP.
This meeting has captured the attention of the crypto industry due to its potential to influence the regulatory approach toward digital assets. Paul Atkins, who had previously served as SEC Commissioner, has expressed support for blockchain innovation and criticized the agency’s restrictive stance on crypto.
On April 25, at the roundtable session, he demanded that the SEC modify its restrictive stance toward crypto and establish transparent, supportive regulations that he believed would boost sector development.
Although the agenda of the meeting has not been disclosed, legal analysts and investors expect that the ongoing SEC vs. Ripple case will be a key topic. The case focused on determining whether XRP should be considered a security.
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A settlement or formal resolution could not only bring clarity to Ripple’s operations but also set a new standard for how other digital tokens are treated under U.S. law.
💥 BREAKING:
RIPPLE’S CHRIS LARSEN TO MEET SEC CHAIRMAN PAUL ATKINS TOMORROW, MAY 2.
INSIDERS CLAIM THE SEC IS CLOSE TO APPROVING A SPOT #XRP ETF. pic.twitter.com/iAORP3rxKa
— STEPH IS CRYPTO (@Steph_iscrypto) May 1, 2025
Beyond the lawsuit, discussions will likely include Ripple’s core mission of improving global payments through blockchain technology. A favorable outcome could enhance XRP adoption by financial institutions and payment providers, strengthening Ripple’s position in the expanding digital finance ecosystem.
Regulatory Momentum Builds Around XRP
The May 2 meeting occurs amid a growing push for crypto-friendly reforms under the Trump administration. Paul Atkins has shown interest in creating a regulatory sandbox, allowing crypto firms to test new ideas with fewer restrictions. This model could allow more blockchain startups to thrive in the US.
Meanwhile, anticipation for an XRP exchange-traded fund has intensified. Bloomberg ETF analyst Eric Balchunas predicted a high probability of 85% that the SEC will approve an XRP exchange-traded fund during the next five years. Crypto market stability following recent trading turbulence has positively changed regulatory attitudes.
Ripple stands to gain from the SEC policies moving towards innovation because top SEC leaders have started supporting innovative developments. The results of this meeting have several consequences that affect XRP’s future and the direction of US digital asset regulation.
May 2 is critical for Ripple, XRP, and the wider crypto community. The expected high-level talks between Chris Larsen and Paul Atkins could lead to regulatory breakthroughs that redefine how digital assets are governed in the US.
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