Will the change of the SEC chairman lead to the growth of Ripple? Analysts predict the future of XRP

The SEC’s long-running case against Ripple is back in the spotlight. The attention comes as Paul Atkins prepares to take over as SEC chairman, replacing Gary Gensler.

Additionally, the January 15th deadline to file an initial motion in the XRP case to the US Court of Appeals for the Second Circuit is approaching. Experts and lawyers have different opinions about the possible results of this case.

Given the recent developments, many experts believe that Atkins, the new SEC chairman, will likely dismiss the Ripple case.

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These changes in the crypto market, especially in the case of Bitcoin and XRP, have taken place after the victory of Donald Trump in the US presidential election. Atkins’ appointment as SEC chairman has boosted positive sentiment in the crypto market.

Some lawyers supporting XRP, including Jeremy Hogan and Fred Rispoli, believe there is a high chance that the SEC’s lawsuit against Ripple will be dismissed under Atkins’ leadership. If such a situation occurs, this decision can lead to an increase in the price of XRP.

Also, the investigation into Bill Hinman, the former director of the SEC’s financial division, has been completed and referred to management. Ripple’s general counsel Stuart Alderotti has called on the new administration to “remove the Hinman stain from the agency” and suggested that trust in the SEC be restored.

All in all, many experts believe that the rejection of the SEC’s request in the Ripple case could significantly increase the price of XRP to $3 or even higher.

Also, analysts believe that the new SEC chair should move towards more pro-crypto policies, which in turn could lead to approval of the Ripple ETF.