The Trump administration is busy revamping sectoral units of the political hierarchy at the moment. Under the leadership of Mark Uyeda, the cryptocurrency market noted major changes, including Uyeda liberating the crypto firms by dropping legal cases against them. Ripple also gained its independence in the process, ending its years-long war with the US SEC. That being said, now the reins of SEC leadership have been given to Paul Atkins, who will be assuming his new role as the US SEC chair. Will Ripple (XRP) be able to encounter new highs under his able leadership? If yes, then how will it all unfold? Let’s find out.
Also Read: Ripple: XRP Price Prediction For April End 2025
Atkins and His Pro-Bitcoin Stance
Paul Atkins has now been officially sworn in as the new chair of the US SEC. Atkins is also known exclusively as a pro-Bitcoin enthusiast, a notable figure supporting the cryptocurrency cause and its relevance.
JUST IN: 🇺🇸 Pro-Bitcoin Paul Atkins officially sworn in as new SEC Chair.
— Watcher.Guru (@WatcherGuru) April 21, 2025
With Atkins assuming the role as the new US SEC chair, crypto enthusiasts are busy looking forward to exploring new horizons in the crypto domain. This primarily means how consumers and investors are looking forward to Atkins introducing new crypto reforms that are market-friendly and easier to adhere to and embrace without any barriers.
In addition to this, the market is also expecting Atkins to introduce new, friendlier crypto laws, which may help in the domain’s global expansion and deployment.
Paul Atkins is the New SEC Chairman – What It Could Mean for Crypto
Paul Atkins has just been confirmed as the new Chairman of the U.S. SEC (Securities and Exchange Commission)
He’s expected to be sworn in as early as Tuesday – While the market hasn’t reacted much yet this… pic.twitter.com/dJx2VQyQ7A
— Trade Byte (@Official3Byte) April 21, 2025
Also Read: Alphabet (GOOGL) Or META: Which Stock Is a Better Buy in 2025?
What Does It Mean for XRP?
With Paul Atkins assuming the new SEC leadership role, the murmurs of the XRP ETF narrative and its approval have started to gain steam. Per Eric Balchunas of Bloomberg, 72 ETFs are currently pending, including XRP ETFs, awaiting approval to usher in a new crypto era for the world to witness.
Per AI, XRP may surge to hit $1.50 to $2.20 in a short-term price range. By midterm, XRP may trade between $2.80 and $5, provided the XRP ETF development gains further momentum. ChatGPT later shared that XRP may trade between $6 and $10 in a long-term scenario.
Also Read: Tesla (TSLA) Faces “Code Red” : What Can Hold the Stock Back?
