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What will be the change in SEC leadership by January 31, 2025?
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Resolution / Starting Odds
Current leadership remains • 25%
New leadership appointed • 25%
Interim leadership • 25%
Other • 25%
Official announcements from the SEC or U.S. government
Story
SEC Appeals Against Ripple Labs to Classify XRP as Security Amid XRP's $3 Breakthrough
Jan 15, 2025, 11:57 PM
The U.S. Securities and Exchange Commission (SEC) has filed its opening brief in an appeal against Ripple Labs, seeking to classify XRP as a security. This move follows a refusal by the SEC to postpone the appeal until after the departure of its current leadership on January 20, 2025. Ripple Labs' Chief Legal Officer Stuart Alderoty criticized the SEC's decision, arguing it represents a waste of taxpayer dollars and suggesting that the legal battle may become irrelevant with the incoming change in SEC leadership under the Trump administration. The appeal stems from a July 2023 ruling that found Ripple's sales of XRP to retail investors did not violate U.S. securities laws, although a subsequent August 2024 decision held Ripple liable for $125 million for securities regulation violations related to fundraising. Amid these developments, XRP experienced a significant price surge, breaking through $3 for the first time since 2018 and recording a 12% increase over the past 24 hours.
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Less crypto-friendly • 25%
Uncertain • 25%
No significant change • 25%
More crypto-friendly • 25%
Other • 25%
Pro-crypto candidate • 25%
Anti-crypto candidate • 25%
Neutral candidate • 25%
Paul Atkins • 33%
William McLucas • 33%
Dan Gallagher • 33%
Other • 1%
Acting Chair • 25%
Other • 25%
Gary Gensler • 25%
New appointee • 25%
Robert Stebbins • 25%
Mark Uyeda • 25%
Dan Gallagher • 25%
Paul Atkins • 25%
Introduce new crypto guidelines • 25%
Freeze enforcement actions • 25%
Other • 25%
Ease accounting rules • 25%
Does not resign by deadline • 25%
Resigns and replaced by Trump appointee • 25%
Resigns and replaced by interim chair • 25%
Other outcomes • 25%
Clear crypto regulations • 25%
Other • 25%
Collaboration with Congress on crypto • 25%
Reduction in enforcement actions • 25%
Joint leadership • 25%
Other • 25%
Hester Peirce • 25%
Mark Uyeda • 25%
Environmental impact of finance • 25%
Stock market reforms • 25%
Cryptocurrency regulation • 25%
Other • 25%
Traditional Finance Professional • 25%
Other • 25%
Political Ally of Trump • 25%
Pro-Bitcoin Individual • 25%