Ex-SEC Lawyer Slams XRP Community For “No Just Cause” Comment

• Paul Atkins’ remarks ignite fresh XRP debate across crypto community.
• Robert Ledferd demands SEC fast-track long-awaited XRP ETF approval.
• Marc Fagel insists Ripple’s unregistered sales justified SEC lawsuit.

SEC Chair Paul Atkins (@SECPaulSAtkins) reignited debate around XRP after stating that regulators must design a framework that “future proofs the crypto markets against regulatory mischief.” His remarks were taken to indicate a more relaxed approach than the previous one of the SEC, and they promptly elicited reactions in the XRP community.

Robert Ledferd (@MotowarriorX) responded directly, accusing the agency of suing Ripple for “no just cause” and tying the company up in legal battles for four years. He claimed that the SEC activities were detrimental to retail investors and required the regulator to restore the damages by expediting the process of approving an XRP spot ETF. Ledferd also pointed out that Ethereum is already much ahead of XRP in terms of its ETF.

Also Read: Binance Wallet Dominates Swaps as Alpha Airdrops Spark Token Surges

Former SEC Lawyer Responds

Former SEC lawyer Marc Fagel (@Marc_Fagel) firmly opposed the “no just cause” claim. He told the community that Ripple had already been ruled by the court to have sold hundreds of millions of dollars in unregistered securities. In his opinion, the SEC should not be the target of anger but Ripple because the latter’s actions prompted the suit.

In his rebuttal, Fagel reflected the rift between legal scholars and ordinary investors. Although the community claims that the regulator has been unfair, Fagel indicated that the legal history proves otherwise.

Changing SEC Tone

Atkins’ remarks were nonetheless taken as a sign that the SEC may be easing its stance toward digital assets. His recommendation that not many tokens would be considered securities based on their sales structure further fueled the demands by XRP adherents to have an ETF approved.

The change parallels the court’s differentiating between secondary market sales and institutional offerings of XRP. It confirmed the opinions of many traders that the SEC’s previous position was too aggressive.

SEC Delays ETF Decisions as October Deadline Looms

The SEC recently delayed decisions on XRP ETF applications filed by 21Shares and CoinShares. Both were recognized earlier this year, and in accordance with the current rules, the agency has to provide a decision by October.

Bloomberg analysts estimate the odds of approval at 95 percent, whereas betting platforms put them at 78 percent. According to market observers, the price of XRP, currently about $3.02, is susceptible to the anticipation of the ruling in October.

Atkins’ forward-looking remarks, Ledferd’s public frustration, and Fagel’s sharp rebuttal have kept XRP at the center of regulatory debate.  With ETF deadlines approaching, October is shaping up to be a critical moment for both XRP investors and the broader crypto market.

Also Read: Bitcoin Could Soar to $175,000 If Just 1% of Retirement Funds Flow In, Analyst Says

The post Ex-SEC Lawyer Slams XRP Community For “No Just Cause” Comment appeared first on 36Crypto.