SEC’s Final Crypto Roundtable Today: Is This the Turning Point for Ripple (XRP)?

5h ago•

bullish:

bearish:

The post SEC’s Final Crypto Roundtable Today: Is This the Turning Point for Ripple (XRP)? appeared first on Coinpedia Fintech News

Today marks the fifth and final SEC crypto roundtable of the year, titled “DeFi and the American Spirit.” It’s not just another meeting, it’s happening at a time when the SEC is reshaping itself after Gary Gensler’s exit. With new leadership under SEC Chair Paul Atkins, the commission seems more open to dialogue and possibly softening its stance on crypto.

This roundtable, hosted at the SEC headquarters in Washington, D.C., is expected to touch on some of the most pressing questions surrounding crypto regulation in the U.S.

A Closer Look at DeFi and Smart Contracts

The main focus of the roundtable is on decentralized finance, or DeFi protocol, a new kind of financial system that works without banks or middlemen. Instead, it uses computer programs called smart contracts to handle things like lending, borrowing, and trading. The SEC wants to understand how these systems work and whether they can be controlled using current U.S. financial rules or if new laws need to be created. The big concerns are about keeping investors safe, stopping scams, and making sure people’s money is secure when using these platforms.

Key Attendees?

The roundtable brings together key voices from the crypto industry, including representatives from Wall Street DBA, Jito Labs, MetaLeX, and Coin Center. Notable speakers include Michael Jordan from DBA, Rebecca Rettig of Jito Labs, legal expert Gabriel Shapiro from MetaLeX, and Peter Van Valkenburg of Coin Center, who offers an advocacy viewpoint.

Also Read :
4 U.S. Economic Reports This Week That Could Make or Break Bitcoin
,

Ripple Rumors and XRP Buzz

While it’s not officially on the agenda, many in the crypto community are hoping today’s roundtable brings up the ongoing Ripple vs SEC lawsuit. With the case likely nearing a conclusion, speculation is running high. Some even believe this could be a turning point for XRP, depending on what is said or hinted at during the meeting. If the lawsuit is mentioned, or even indirectly referenced, XRP’s price could react quickly.

Shaping the Future of Crypto in the U.S.

Meanwhile, today’s roundtable also comes at a time when broader economic data, like U.S. inflation numbers, are due later this week, adding to the market’s anticipation. While past SEC meetings have had little direct impact on prices, the tone of this one could matter. Chair Paul Atkins has hinted at creating a more innovation-friendly environment, aiming to make the U.S. a leader in crypto. If this sentiment carries through the discussions, it could mark a major shift in how regulators approach the growing digital asset space