The XRP lawsuit developments serve as a main focus point for Ripple community members. Ripple co-founder Chris Larsen plans to meet with SEC Chair Paul Atkins on the current date. The upcoming Ripple court developments are likely to provide new information regarding the company’s legal struggles, which can impact the XRP market value.
Chris Larsen to Meet SEC Chair Amid Lawsuit Settlement Talks
Ripple co-founder Chris Larsen is expected to meet U.S. Securities and Exchange Commission Chair Paul Atkins. The meeting comes as both parties work toward a final settlement in the XRP lawsuit. Numerous legal experts expect the XRP case to occupy a crucial position during this session.
Ripple's Chris Larsen to Meet SEC Chair Paul Atkins Today, 2025 🤯 $XRP pic.twitter.com/1KfFKMKfvu
— Brett (@Brett_Crypto_X) May 2, 2025
Ripple and the SEC removed their legal challenges from the court system during the first month of April. The SEC has not yet completed the process to confirm the termination of this particular case. The April 30 enforcement by the U.S. Court of Appeals authorized the procedural halt of court processes. The agreement needs further time to reach finalization.
The potential for Larsen and Atkins to meet directly will speed up the case outcomes based on observations by legal analysts. The crypto industry awaits official regulatory definitions for XRP to determine whether it acts as a security asset or a non-security.
Ongoing Uncertainty Around XRP’s Legal Status
Despite Judge Analisa Torres’ ruling that XRP is not a security, uncertainty remains. Recently, Oregon Attorney General Dan Rayfield filed a case against Coinbase. The suit alleged that Coinbase listed unregistered securities, including XRP.
Pro-XRP lawyers such as John Deaton have criticized the Oregon case. Deaton called the lawsuit “dystopian nonsense” and pointed to Torres’ earlier ruling. Still, the filing has fueled confusion around XRP’s compliance status.
Industry analysts suggest today’s meeting may address this ambiguity. A public statement by the SEC or Ripple could provide more regulatory certainty. A resolution may also influence legal actions in other states.
ETF Prospects Add New Focus to XRP Regulatory Talks
Alongside the lawsuit, Ripple is also the subject of discussion around a potential XRP ETF. Several major firms have filed for crypto-based ETFs, including XRP. With the SEC’s recent openness toward digital asset funds, approval odds have risen.
Bloomberg analysts James Seyffart and Eric Balchunas have commented on the issue. According to them, XRP ETF approval chances are at 85%. Scientists rate the probabilities of Solana and Litecoin ETFs at 90%.
Would love to hear directly from Atkins, but all good chance of happening. Here’s our latest odds of approval for all the dif spot ETFs via @JSeyff https://t.co/nLhYJJmO9U pic.twitter.com/4AcJVwhics
— Eric Balchunas (@EricBalchunas) April 30, 2025
SEC’s clarification of XRP’s classification status can lead to the approval of exchange-traded funds. The approval of ETFs would enhance trade entry points and result in increased market transaction rates. XRP could obtain widespread institutional adoption through this move.
Ripple Community Eyes Outcome and XRP Price Movement
Members of Ripple pay attention to the current meeting as they seek updates from the court proceedings. The market reaction to investor sentiment depends on public statements between the parties. The XRP price value maintains its current position because investors expect regulatory clarity to become clearer.
