Background: Ripple co-founder Chris Larsen is set to meet with U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins today. This meeting has sparked broad community attention regarding the XRP lawsuit, ETF approval, and the future price trend of XRP.

Key Events: Experts believe this meeting could mark a significant turning point in the XRP lawsuit, potentially providing clear guidance on XRP's legal status. Although U.S. courts have suspended the appeals process between Ripple and the SEC, the lawsuit has not formally concluded. Additionally, the Oregon Attorney General has filed a lawsuit against Coinbase, accusing it of offering unregistered securities, including XRP, but this lawsuit has faced skepticism from the legal community.

Potential Impact: This meeting could accelerate the resolution of the XRP lawsuit, which may trigger a rise in XRP's price. Meanwhile, the SEC's positive stance toward the crypto industry and the high probability (up to 85%) of approval for XRP-related exchange-traded funds (ETFs) also bring optimistic expectations to the market.

Special Note: SoSoValue is mentioned in the content.

MAG7.SSI

HIGHLIGHTS Ripple co-founder Chris Larsen meets SEC Chair Paul Atkins today.  Experts believe this meeting could bring significant developments within the XRP lawsuit. The meeting may also bring clarity to XRP's legal status and the potential ETF launch.  Amidst various developments within the Ripple ecosystem, the community is eagerly awaiting the much-anticipated XRP lawsuit settlement. This excitement is further amplified by Ripple co-founder Chris Larsen’s meeting with SEC Chair Paul Atkins. Scheduled for today, the meeting sparks speculation about swift action in the Ripple case.

Let’s unveil how this meeting will reshape the Ripple case and how it will impact the future of the XRP price.
Chris Larsen to Meet Paul Atkins: How It Will Impact XRP Lawsuit?
In the latest update within the Ripple network, co-founder Chris Larsen is meeting SEC Chair Paul Atkins today. Reportedly, experts see this meeting as a significant development for Ripple, XRP, and the prolonged lawsuit. Though the meeting's agenda remains undisclosed, analysts believe that the XRP lawsuit will be one of the main topics of discussion.

Although both the US SEC and Ripple withdrew their appeals in the case, the SEC's official confirmation of the lawsuit's conclusion is still pending. Recently, the US Court of Appeals has granted the joint motion by Ripple and the SEC to suspend their appeal while they finalize the settlement.
Clarifications on XRP’s Legal Status
As per expert anticipations, today’s meeting may play a key role in providing clarity to the legal status of Ripple’s XRP token. Though Judge Analisa Torres ruled XRP a non-security, debate persists about its status, particularly in light of the Oregon AG's Coinbase lawsuit.

Recently, Oregon Attorney General Dan Rayfield filed a case against Coinbase, a top crypto exchange, alleging that the firm offered unregistered securities like XRP. However, lawyers like John Deaton slammed the suit as “dystopian nonsense,” highlighting Judge Torres’ ruling.

Significantly, gaining legal clarity on the token's status could lead to a swift resolution in the XRP lawsuit. It could also trigger a major rally in the XRP price.
Potential Approval of XRP ETF
Besides the XRP lawsuit and Ripple's legal status, another major topic of concern is the exchange-traded fund (ETF). With the SEC’s current positive stance on the crypto industry, all eyes are on the commission’s potential approval of multiple crypto ETFs. As major asset managers have filed for an XRP ETF, the commission is awaiting its launch, alongside the XRP lawsuit settlement.

According to Bloomberg analysts Eric Balchunas and James Seyffart, the odds of an ETF approval for XRP lie at 85%, whereas Solana and Litecoin boast 90%.

Chris Larsen meets with SEC Chairman Paul Atkins, potentially advancing XRP litigation and ETF progress