SEC Chair Paul Atkins had promised that the commission would move forward on crypto regulation with or without Congress. He kept that promise today with the Innovation Exemption.

The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues (TSVs), opening a regulated path for on-chain trading of tokenized National Market System (NMS) stock.

Atkins described the move as “a significant step forward, within its statutory authority, to bring America’s capital markets into the digital age.” The order arrives days after the U.S. Senate failed to pass the CLARITY Act. With Congress unable to deliver a statutory framework, the SEC stepped in and acted on its own authority.

Today, we are taking a significant step forward, within our statutory authority, to bring America’s capital markets into the digital age by facilitating onchain trading of certain tokenized stocks through the "Innovation Exemption." https://t.co/BQK0cS70lH

— Paul Atkins (@SECPaulSAtkins) September 17, 2026

The Innovation Exemption Explained

The order exempts TSVs from the standard definition of “exchange” under the Securities Exchange Act of 1934, allowing them to trade tokenized NMS stock through permissioned automated market makers and AMM Liquidity Pools.

TSVs also set the access standards that determine who can participate in those pools. Liquidity providers operating within a TSV receive a conditional exemption from the “dealer” definition under the Exchange Act, covering those who supply tokenized NMS stock using proprietary capital.

A Significant Development for Crypto and XRP

The Innovation Exemption signals a regulatory environment that is actively accommodating blockchain-based financial infrastructure. XRP, which Ripple has long positioned as a settlement and liquidity asset for institutional transactions, stands to benefit from this regulatory landscape. This is because it formally recognizes on-chain markets as a valid venue for securities trading.

Requiring smart contracts to be deployed on public, permissionless distributed ledgers establishes blockchain transparency as a regulatory standard. This aligns the SEC’s expectations with the architecture crypto networks already operate on.

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The Road Ahead

The CLARITY Act’s failure in the Senate was a setback, but Atkins has made clear that crypto regulation will move forward regardless. He has consistently said statute is the preferred path because it is not easily reversible. The Innovation Exemption means the SEC is not waiting.

For the crypto market, a regulator actively building frameworks rather than filing enforcement actions represents a fundamental shift. The foundation for a regulated onchain financial system is being laid. The CFTC has made a similar commitment to advance crypto regulation, and the next few weeks could be significant for the crypto space.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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SEC Chair Paul Atkins has shared an important message with the crypto world. The CLARITY Act may have failed in the Senate, but the SEC is ready to step in.

Atkins thanked everyone who worked on the CLARITY Act, across the Administration, Congress, investors, and innovators. He called their collective conviction that America must lead indispensable. Then he committed.

“I have been unequivocal: with or without legislation, we will act decisively within the SEC’s statutory authority to deliver certainty for American investors and for the entrepreneurs shaping our technological future.” He closed with two words: “Stay tuned.”

My thanks go to everyone who put so much effort into the CLARITY Act— across the Administration, Congress, investors, and innovators. Our collective conviction that America must continue to lead is indispensable.

I have been unequivocal: with or without legislation, we will act…

— Paul Atkins (@SECPaulSAtkins) September 16, 2026

Atkins Commits to Acting Without Congress

The post came hours after the Senate failed to advance the CLARITY Act. The cloture vote landed at 49 yes and 50 no votes, far short of the 60 required. Months of negotiation, 126 Republican concessions, and a last-minute Democratic counter-offer couldn’t bring the bill through. Atkins responded immediately and publicly.

The CFTC Is Also Moving

Atkins is not operating alone. CFTC Chair Michael Selig made a nearly identical commitment in August. At the agency’s inaugural Innovation Advisory Committee meeting on August 20, Selig stated that if the CLARITY Act stalled, the CFTC would utilize its existing authorities to begin establishing a regime for crypto asset markets.

Selig directed CFTC staff to explore rules that would create a dedicated market structure for crypto assets. Under his proposed framework, registered and non-registered crypto exchanges could receive designation as a type of Designated Contract Market. He also directed staff to engage with developers of on-chain finance protocols to establish compliance pathways.

Both agencies are now aligned. Congress failed to deliver, but the regulators will move regardless.

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The SEC’s Rulemaking Is Already Underway

The SEC did not wait for the vote to begin acting. On September 1, the agency released a major rule proposal to update transfer agent regulations that have not changed since the late 1970s. The proposal allows transfer agents to use blockchain as the official record of securities ownership. Firms would report which blockchain platforms they use and how many tokenized securities they service.

Atkins has acknowledged that rules built on existing statutory authority lack the durability of legislation. However, the SEC and CFTC will move regardless. For the crypto industry, regulatory clarity is now coming through the agencies, not Congress.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Crypto analyst ChartNerd (@ChartNerdTA) posted a video on X that has caught significant attention across the digital asset community. The clip features SEC Chair Paul Atkins speaking on the CLARITY Act, and his remarks carry considerable weight as September 15 approaches.

Atkins Speaks on the CLARITY Act

Atkins confirmed the Senate vote: “The Clarity Act, as you notice, will be voted on in the Senate on the 15th of September,” he said. “I anticipate and hope that it will be passed by the Senate and sent ultimately to the president’s desk for a signature.”

He also tied the legislation to a larger mission. Atkins described the SEC’s crypto regulation push as “our most historic step yet” to fulfill President Trump’s stated goal of making the U.S. a global crypto capital. The chair’s public support signals strong alignment between the executive branch and the top securities regulator. ChartNerd summarized the moment, calling the two weeks ahead massive.

#CLARITY ACT UPDATE

SEC Chair Paul Atkins confirms the Clarity Act is heading to a Senate vote on Sept 15th, with the hope of getting things moving and reaching the President's desk

Massive Two Weeks Ahead! pic.twitter.com/BrlBqRuzZO

— ChartNerd (@ChartNerdTA) September 2, 2026

The SEC Is Already Moving

The SEC’s push for crypto regulation extends beyond the CLARITY Act. On September 1, the agency released a major rule proposal to update its decades-old transfer agent rules to account for blockchain technology and tokenized securities.

The proposal allows transfer agents to use blockchain as the official record of ownership. Atkins has previously stated the SEC will act using its existing authorities if the CLARITY Act stalls, and the agency is already demonstrating that willingness.

Support From Multiple Directions

Senate Majority Leader John Thune filed cloture before the August recess. That move secured the bill its scheduled floor time. The cloture vote is set for September 15 at 2 p.m., confirmed publicly by Senator Cynthia Lummis.

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Senator Tim Scott stated publicly that the CLARITY Act will become law. House Majority Whip Tom Emmer is frustrated because the Senate has not yet acted on the bill. The House did its part over a year ago.

All Eyes On September 15

As one community member pointed out, the September 15 vote is a procedural cloture vote, not the final passage vote. ChartNerd replied that good things take time. If the bill clears 60 votes, the Senate then has a 30-hour window before a final vote that requires only 50 votes, with the Vice President available to break a tie. The bill has broad support, and September 15 is the next important date to watch.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The conversation surrounding cryptocurrency regulation in the United States has entered a new phase after Securities and Exchange Commission (SEC) Chair Paul Atkins indicated that the agency is prepared to work alongside Congress on the proposed CLARITY Act.

Crypto commentator X Finance Bull highlighted the development in a post on X, describing it as an important moment for XRP holders and the broader digital asset market.

According to the post, Atkins said the SEC is no longer questioning whether cryptocurrencies belong within the U.S. financial system. Instead, the regulator is now focused on helping shape the rules that will govern the industry.

X Finance Bull presented the development as a meaningful shift in the SEC’s approach to digital assets, particularly as lawmakers continue efforts to establish a comprehensive regulatory framework.

CLARIT ACT UPDATE

$XRP AND DIGITAL ASSET HOLDERS! WATCH THIS

SEC Atkins says the agency will help Congress build the CLARITY Act framework

The regulator is no longer asking whether crypto belongs in US finance

It is helping write the rules for itpic.twitter.com/HwYE6KXHmo https://t.co/laZxQQHJsg

— X Finance Bull (@Xfinancebull) July 29, 2026

Atkins Says the SEC Is Ready to Help Develop Rules

The post included a video of Atkins discussing the SEC’s readiness to participate in the regulatory process. He stated that the agency is “ready, willing, and able” to introduce rules that address issues covered by the CLARITY Act and other areas of the cryptocurrency market.

Atkins also emphasized that long-term certainty requires legislation from Congress. He explained that a statute would provide clear direction while helping create a regulatory structure capable of supporting the industry’s future development. His comments suggested that the SEC sees congressional action as the foundation for lasting regulatory clarity rather than relying solely on agency rulemaking.

X Finance Bull interpreted those remarks as evidence that the discussion in Washington has changed. Responding to reactions from followers, the commentator stated that the focus has moved away from debating whether crypto should exist within the U.S. financial system and toward determining how it should be regulated. According to the post, that change represents a significant step for the digital asset industry.

Community Reactions Focus on Regulatory Shift

The update generated reactions from members of the crypto community, many of whom viewed Atkins’ comments as noteworthy.

One user, Michczy, described the statement as a major development, writing that it was a “huge statement.”

X Finance Bull replied by reiterating that the importance lies in the changing nature of the regulatory conversation. The commentator maintained that policymakers are increasingly concentrating on building a legal framework for digital assets rather than debating their place in the financial system.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

Another community member, Jacob Marquez, pointed to the SEC’s previous legal battle with Ripple. He noted that the same agency that spent years pursuing litigation against the company is now participating in discussions about creating a regulatory framework for the crypto industry.

Marquez also referenced the SEC’s initial request for approximately $2 billion in penalties against Ripple, the court’s decision to impose a $125 million penalty instead, and the agency’s later decision to withdraw its appeal. He explained that these developments demonstrate how the SEC’s position has changed over time.

While the CLARITY Act remains under consideration, Atkins’ remarks and the reactions shared by X Finance Bull reflect growing expectations that the U.S. regulatory approach to cryptocurrencies is moving toward a more defined legislative framework.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The post CLARIT Act Update: Pundit Tells XRP Holders to Watch This SEC Chair Statement appeared first on Times Tabloid.

The regulator that spent years pursuing enforcement actions against crypto firms now says it is ready to write the rules that govern them. Crypto commentator CryptoTice (@CryptoTice_) flagged remarks from SEC Chair Paul Atkins that capture a significant shift in the agency’s posture.

He shared an interview where Atkins stated that the SEC is “ready, willing, and able to come out with rules” covering the same ground as the CLARITY Act. That declaration is notable coming from the same institution that waged prolonged legal battles against Ripple and other crypto-related firms.

The SEC is no longer an adversary to the industry. It is positioning itself as a participant in shaping its future, with or without Congress.

BREAKING:

SEC Chair Paul Atkins just laid out the fallback plan.

"I'm optimistic that Congress will pass the CLARITY Act."

But listen to what comes next.
The SEC is "ready, willing and able to come out with rules."

Either to implement the bill.
Or if Congress fails to act.… pic.twitter.com/9yR29Ain8Q

— Crypto Tice (@CryptoTice_) July 28, 2026

Why Congress Needs to Act

Atkins expressed optimism that Congress would pass the CLARITY Act and said the agency is actively providing technical assistance to lawmakers. His preference was clear. “Ultimately, statute is the way to future-proof something.”

But the statement that followed was equally important. The SEC is ready to act independently if legislation stalls. Atkins stated, “If something should not happen in Congress, then we stand ready to provide that.”

The regulatory question is no longer whether rules arrive. It is whether those rules come from elected lawmakers or an appointed agency. Atkins acknowledged the stakes himself, stating, “We need the certainty of a statute that will help future-proof so that we have clear direction to go forward.”

Will Congress Pass the CLARITY Act?

The bill has already passed the Senate Banking Committee. It sits on the Senate calendar, eligible for a floor vote. The problem is floor time. Senate Majority Leader John Thune has moved nominations and the Lindsey Graham Sanctioning Russia Act ahead of the CLARITY Act in the queue.

Senate procedure limits the chamber to one contested bill at a time, and Graham’s funeral will also occupy legislative attention. A vote on the CLARITY Act before the August 8 recess now looks unlikely.

Thune has said he hopes to start the floor process before senators scatter. White House crypto adviser Patrick Witt remains more optimistic, pointing to the first week of August as still viable. The bill currently has 51 confirmed votes, and still needs roughly 9 Democratic votes to clear the 60-vote threshold.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

Most open questions around ethics provisions and DeFi developer liability have been addressed in the merged July 22 draft, but many Democrats are still holding out.

The Bigger Picture

Atkins drew a direct line between congressional action and long-term regulatory stability. The SEC can act alone, but a statute locks in direction in a way agency guidance cannot. A future administration could reverse SEC rules overnight, but a law is harder to undo.

That is the argument for urgency. The CLARITY Act represents the clean path. However, if the Senate keeps stalling, the regulator that once fought the crypto market is now ready to provide clarity.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The post CLARITY Act Update for XRP Holders: SEC Chair Makes Major Statement appeared first on Times Tabloid.

The return of former SEC Chairman Jay Clayton to a prominent role in the administration of President Donald Trump has prompted fresh speculation among members of the XRP community about the circumstances surrounding Ripple’s legal battle with the U.S. Securities and Exchange Commission.

In a recent tweet, crypto enthusiast Remi Relief (@RemiReliefX) revisited several long-held theories about the lawsuit and its implications for XRP.

Remi Relief shared an image of a statement by President Trump announcing his nomination of Jay Clayton to serve as the next Director of National Intelligence. In the statement, Trump praised Clayton’s record and urged the U.S. Senate to confirm him quickly.

Clayton previously served as chairman of the SEC and was at the helm when the agency filed its lawsuit against Ripple in December 2020. The case alleged that Ripple had conducted an unregistered securities offering through XRP sales. Shortly after the lawsuit was initiated, Clayton left the SEC. His successor, Gary Gensler, continued pursuing the case during his tenure.

Jay Clayton is back just as I always suspected…

1) Ripple is a government company.
2) They had to go through the lawsuit in order to be fully vetted
3) lawsuit started when Trump was leaving and ended when Trump was coming back
4) As I said, Trump is running the show. He… https://t.co/tzg0lv2DeE

— The Real Remi Relief (@RemiReliefX) June 11, 2026

Post Suggests Lawsuit Served a Broader Purpose

Commenting on the development, Remi Relief wrote that Clayton’s return aligned with suspicions he had held for some time. He presented four key points that reflected his view of Ripple’s relationship with regulators and the Trump administration.

According to the post, Remi Relief believes Ripple is effectively a government company and that the SEC lawsuit was necessary to ensure the company underwent thorough vetting. He also noted that the legal battle began when President Trump was leaving office and concluded as Trump returned to the White House.

Based on those observations, Remi Relief stated that President Trump had been directing events behind the scenes. He added that Trump had intentionally slowed XRP’s progress and would now accelerate its development.

The post largely focused on these claims and linked them to Clayton’s re-emergence in a high-profile position.

Community Members Express Confidence in XRP’s Future

The post also attracted reactions from members of the XRP community. Among them was BK-XRProphecy, known on X as @RoboticRock1, who expressed confidence that XRP’s growth had reached a stage where it could no longer be prevented.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

The commentator stated that XRP had already become deeply integrated globally and would eventually serve as a neutral bridge connecting stablecoins, central bank digital currencies, and private ledgers. According to the post, some form of interoperability would be required as digital asset ecosystems continue to expand.

BK-XRProphecy also indicated that he did not believe XRP’s progress could be halted.

While Remi Relief’s observations reflect his personal interpretation of recent events, Jay Clayton’s return to a prominent position has renewed interest among XRP supporters who continue to examine the timeline of the Ripple lawsuit and its potential implications for the digital asset’s future.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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SEC Chair Paul Atkins recently sat down with Maria Bartiromo to discuss tokenization, blockchain settlement, and the future of U.S. markets. Crypto commentator Lord XRP (@Bitforcoinz) shared the video with the XRP army, telling them that “big things will come, and we are still early.”

Atkins Speaks On Tokenization

Atkins described tokenization as the use of smart contracts or tokens on a blockchain to represent underlying securities. He noted that putting assets on-chain creates transparency that the current system lacks. Today, companies often do not know who their shareholders are or where shares reside, and tokenization changes that.

The settlement benefits are significant. Atkins pointed to the possibility of moving from T+1 settlement to T+0, meaning trades could clear on the same day they execute. He explained that the gap between trade execution and final settlement is where risk enters the system. On-chain delivery versus payment eliminates that gap.

BIG THINGS WILL COME! WE ARE STILL EARLY pic.twitter.com/R7hTblDtEX

— Lord XRP (@Bitforcoinz) May 26, 2026

The SEC Has Changed Direction

Atkins was direct about the agency’s recent posture. He acknowledged that the SEC had actively blocked marketplace innovation as it emerged. That position is now reversed. He stated that only two countries in the world had been working to make cryptocurrencies illegal in recent years: communist China and the U.S., through the SEC. He confirmed that it has changed.

The agency is now actively embracing digital asset technology to keep the U.S. competitive globally. This is a significant policy shift. The SEC under previous leadership pursued aggressive enforcement against crypto firms and projects. Atkins is steering the agency toward engagement instead.

Why XRP Is Positioned for Growth

XRP exists precisely for the use case Atkins described. Ripple built XRP to serve as a bridge asset for cross-border payments and institutional settlement. The token enables fast, low-cost transfers between financial institutions, settling transactions in seconds.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

As banks and brokers move toward tokenized systems, demand for assets that can facilitate real-time settlement grows. XRP fits that infrastructure. Ripple has spent years building partnerships with financial institutions across dozens of countries. Those relationships become more valuable as the regulatory environment clears.

The Opportunity Ahead

Atkins told Bartiromo that the shift toward tokenization could happen within a few years. That timeline puts XRP in focus. A regulatory framework that supports tokenization and on-chain settlement is the environment where XRP was designed to operate.

The infrastructure is being built, and regulation is aligning. The SEC chair is on record saying the U.S. must lead in this space, and Lord XRP believes big things are coming for XRP. Given what Atkins outlined, that assessment holds up.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The post Pundit to XRP Holders: Big Things Will Come. We Are Still Early. Here’s Why appeared first on Times Tabloid.

A recent post by crypto community figure Pumpius (@pumpius) places renewed focus on remarks made by SEC Chair Paul S. Atkins, arguing that they carry direct implications for Ripple and XRP rather than representing abstract regulatory commentary.

According to Pumpius, Atkins’ discussion about harmonizing rules between the Securities and Exchange Commission and the Commodity Futures Trading Commission closely mirrors positions Ripple has consistently maintained over several years.

The tweet frames the comments as validation of an approach centered on operating within the U.S. regulatory system, seeking definitional clarity, and formally distinguishing securities from commodities.

Pumpius emphasized that this posture was not reactive. Instead, he described it as a deliberate strategy designed to anticipate an eventual regulatory environment that would prioritize clarity, jurisdictional boundaries, and institutional usability.

In his view, the direction now being discussed by U.S. regulators reflects conditions Ripple has long prepared for rather than a shift the company must now scramble to accommodate.

There is a deeper layer to what was just said, and it points directly at Ripple and XRP.

Paul S. Atkins talking about harmonizing SEC and CFTC rules is not abstract policy. It maps almost perfectly onto the regulatory line Ripple has held for years. Build inside the system.… pic.twitter.com/lfZoVu5ic0

— Pumpius (@pumpius) February 9, 2026

Atkins Outlines Jurisdictional Clarity

The tweet draws heavily on a video clip from a Fox interview in which Atkins detailed upcoming regulatory initiatives.

In the interview, Atkins explained that recent legislative and regulatory work has placed stablecoins squarely within the banking sector, with the Office of the Comptroller of the Currency actively developing a regulatory structure for them.

He then turned to the broader digital asset market, noting that regulators are preparing to release a formal taxonomy distinguishing digital commodities from tokenized securities.

Atkins stated that this taxonomy is intended to provide market participants with clear guidance on which assets fall under the CFTC’s remit and which remain under the SEC’s authority.

Digital commodities, digital tools, and digital collectibles would fall under CFTC oversight, while tokenized securities would remain under SEC jurisdiction. He characterized this effort as an attempt to end what he described as years of regulation through enforcement, a practice he said has hindered innovation across financial services.

Harmonization as a Long-Term Objective

Pumpius argued that Atkins’ comments about voluntarily clarifying and, in some cases, ceding jurisdiction underscore a broader goal of harmonizing SEC and CFTC rules.

The tweet connects this directly to Ripple’s long-standing public position, frequently articulated by CEO Brad Garlinghouse, that regulation itself is not harmful to the digital asset sector. Instead, the absence of clear and consistent rules has been the primary obstacle.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

According to Pumpius, while other crypto firms sought to avoid U.S. oversight or move operations offshore, Ripple remained engaged domestically, continuing to build infrastructure intended for banks, payment networks, and government entities.

The harmonized regulatory environment now being outlined, he suggested, aligns with that strategy and reinforces the idea that Ripple and XRP were structured with institutional compliance in mind from the outset.

Implications for U.S.-Based Innovation

Atkins concluded his remarks by stressing that regulatory clarity would allow innovators to develop products within the United States rather than feeling compelled to operate abroad. Pumpius’s post presents this objective as consistent with Ripple’s long-term outlook, asserting that the regulatory conditions now taking shape reflect an environment the company has been positioning for over many years.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The post Expert Says This SEC Chair’s Statement Points Directly at Ripple and XRP appeared first on Times Tabloid.

Paul Grewal, Coinbase’s Chief Legal Officer, has placed the spotlight on a high-stakes legal battle involving the U.S. Securities and Exchange Commission (SEC) and allegations of record destruction under former Chair Gary Gensler.

Grewal accused the SEC of destroying key documents, saying the agency’s own Inspector General confirms the misconduct. Coinbase, through History Associates, has asked a federal court to intervene and ensure the agency cannot repeat what it calls a “gross violation of public trust.”

The Gensler SEC destroyed documents they were required to preserve and produce. We now have proof from the SEC’s own Inspector General. Today we ask the federal court to address this gross violation of public trust to ensure that it never happens again. 1/3 pic.twitter.com/DPLtHUiolj

— paulgrewal.eth (@iampaulgrewal) September 11, 2025

Inspector General’s Findings Reveal Key Timeline

Grewal noted that the SEC Office of Inspector General revealed text messages from October 2022 to September 2023 were destroyed despite long-standing information requests covering “all communications” related to crypto regulation.

The report detailed how SEC officials’ text messages had been excluded from Freedom of Information Act (FOIA) responses despite their potential classification as agency records.

According to the filing, almost a year’s worth of then-SEC Chair Gary Gensler’s messages disappeared in September 2023, after FOIA requests but before litigation began. Messages from more than 20 other high-ranking SEC officials may also be gone, with many more at imminent risk of erasure.

Coinbase Pushes for Immediate Legal Remedies

Coinbase has asked the court for expedited discovery, sanctions, and the immediate production of any remaining text messages. Grewal presented this as a necessary step to hold the SEC accountable, pointing to what he described as double standards between the agency’s treatment of private firms and its own conduct.

In court filings, History Associates says the SEC had known of serious record-retention and FOIA problems for two years but did not disclose them during 14 months of litigation.

The filing describes the destruction of records as systemic, with major consequences for public access to information about the SEC’s internal approach to cryptocurrency policy.

XRP Army Reacts

The news has generated strong reactions among XRP supporters, who see the court filing and Inspector General’s findings as validation of long-held concerns. Gensler, long criticized for hypocrisy, now faces mounting scrutiny and growing calls for accountability.

Several commenters urged lawsuits or criminal charges, including calls for jail time for Gary Gensler. Others described the situation as despicable or negligent, echoing frustrations about accountability.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

Some focused on transparency, emphasizing that public officials must be held to the same standards they impose on private firms. One commenter argued that the SEC works for citizens and should face heightened scrutiny.

Allegations of destroyed records and selective disclosure threaten to erode confidence in one of the nation’s most powerful financial regulators. While the current SEC has a more pro-crypto stance, former officials must be held accountable for their actions to rebuild public trust.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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The post XRP Army Rejoices As Ex-SEC Chair Gary Gensler Faces Fresh Trouble appeared first on Times Tabloid.

Paul Atkins, the Chairman of the Securities and Exchange Commission (SEC), has recently commended the end to the protracted litigation against Ripple in response to the SEC Commissioner Hester Peirce’s tweet on the matter.

Peirce had earlier tweeted, describing the development as “welcome for many reasons,” highlighting that it allows attention to move away from litigation and toward the creation of a clear regulatory framework for cryptocurrency. She emphasized that with the case no longer demanding focus, there is an opportunity to advance policy discussions and regulatory clarity in the digital asset space.

Peirce’s remarks align with her previously stated position that regulatory certainty is essential for both market participants and investors in the crypto industry. By highlighting the benefits of shifting away from legal disputes, Peirce underscored the importance of regulatory work that can provide clearer guidelines for the sector.

Paul Atkins’s Response and Call for Action

SEC Chairman Paul Atkins publicly responded to Commissioner Peirce’s statement, agreeing with her assessment of the situation.

Atkins wrote, “Commissioner Peirce is right. With this chapter closed, we now have an opportunity to shift our energy from the courtroom to the policy drafting table. Our focus should be on building a clear regulatory framework that fosters innovation while protecting investors.”

Commissioner Peirce is right. With this chapter closed, we now have an opportunity to shift our energy from the courtroom to the policy drafting table. Our focus should be on building a clear regulatory framework that fosters innovation while protecting investors. #ProjectCrypto

— Paul Atkins (@SECPaulSAtkins) August 11, 2025

Atkins’s response reinforces the view that the conclusion of the Ripple case opens a window for constructive policy development. His reference to the “policy drafting table” suggests an intent to prioritize proactive regulatory design over continued legal confrontations.

By stressing both innovation and investor protection, Atkins positioned the SEC’s next steps as a balance between supporting technological progress and safeguarding market integrity.

Focus on Regulatory Framework Development

Both statements reflect a shared recognition within the SEC that the cryptocurrency industry requires clearer rules and guidelines. While the details of how such a framework will be structured remain to be determined, the emphasis from both Peirce and Atkins indicates that the agency may devote more resources toward policy initiatives in the coming period.

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The Ripple case, which has been ongoing for years, has been a focal point in discussions about how securities laws apply to digital assets. With the matter now officially resolved, the SEC’s leadership appears aligned in using this moment to advance a more defined regulatory environment.

This shift could involve public consultations, inter-agency collaboration, and dialogue with industry stakeholders to address compliance expectations and market oversight in a rapidly evolving sector.

The public agreement between these two SEC officials highlights the possibility of a coordinated regulatory effort in the aftermath of one of the agency’s most high-profile crypto cases.

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The post SEC Chair’s Recent Statement about Ripple Case Excites XRP Army appeared first on Times Tabloid.