Key Takeaway Points from SEC Chair Paul Atkin’s Remarks at the Crypto Task Force Roundtable Today

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Big News_ Pro-Crypto Paul Atkins Sworn In as SEC Chairman

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The chairman of the United States Securities and Exchange Commission (SEC), Paul Atkinson, delivered remarks at the agency’s Crypto Task Force roundtable on Decentralized Finance (DeFi). During Monday’s roundtable in Washington D.C. titled ‘DeFi and the American Spirit’, Atkins acknowledged the importance of clear regulatory frameworks to enable a seamless growth of DeFi protocols in the country.

Chair Atkins castigated the Biden administration for using the agency to quash the nascent crypto assets and web3 protocols in the United States.

“I am grateful to the Division of Corporation Finance staff for clarifying its view that voluntary participation in a proof-of-work or proof-of-stake network as a miner, validator, or staking-as-a-service provider is not within the scope of the federal securities laws,” Atkins noted.

Key Points from SEC Chair Atkins Today

SEC Chair Atkins emphasized the importance of self-custody of crypto assets for all Americans. According to Atkins the right to self-custody for crypto assets is a foundational American value that should be upheld by the DeFi space. 

“I am in favor of affording greater flexibility to market participants to self-custody crypto assets, especially where intermediation imposes unnecessary transaction costs or restricts the ability to engage in staking and other on-chain activities,” Atkins added.

The SEC chair urged the agency to consider issuing clear crypto regulations, which embody DeFi protocols that are self-fulfilling through smart contracts.

Expected Impact on Crypto Assets

The remarks from SEC chair Atkins will have a profound impact on the wider altcoin space led by Ethereum (ETH) and Solana (SOL). Furthermore, a clear crypto regulatory framework from the SEC will enable more institutional investors to seamlessly adopt the DeFi ecosystem in the near future.

Following the remarks, the wider altcoin market recorded significant gains, thus signaling the onset of a major altseason in the coming months. 

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Apple and Google’s 16 Billion Data Leak Could Trigger Major Crypto Hacks

The crypto community is very concerned after a research team discovered leaks adding up to 16 billion compromised passwords and login credentials. These breaches impact major Internet platforms of every type.

This team did not specifically mention crypto exchanges, but crypto-adjacent platforms like Telegram were thoroughly compromised. Users are encouraged to remain vigilant, avoid keeping passwords on the cloud, and strictly keep their seed phrases on paper.

Monumental Password Leaks Terrify Crypto

Digital security is very important for the crypto community, especially given the huge prevalence of hacks. However, this recent password leak did not come from a major hack, per se.

According to a report from Cybernews, the firm’s research teams identified 30 exposed datasets assembled by info thieves.

“This is not just a leak, it’s a blueprint for mass exploitation. With over 16 billion login records exposed, cybercriminals now have unprecedented access to personal credentials that can be used for account takeover, identity theft, and highly targeted phishing,” analysts claimed.

The reports further suggested that the 16 billion passwords covered websites of all kinds, from social media to banks and even VPNs. All this data was fresh and apparently crowd-sourced, laying the groundwork for future crimes.

Obviously, the crypto community was extremely concerned about this development. If the leaked passwords were as diverse as the report claimed, could they include seed phrases or exchange logins? Can crypto users be certain that their tokens are safe?

Paolo Ardoino, CEO of Tether, advertised his company’s new project to protect user passwords:

Still, there’s a good amount of catastrophizing over this incident. Researchers referred to this as a massive “leak,” not a hack, because it wasn’t a single breakthrough that exposed these passwords.

These credentials were assembled through a huge string of smaller breaches, many of which targeted cloud services.

In other words, users who don’t store passwords on the cloud may be more protected from these leaks. As far as the crypto community is concerned, some basic security measures, like keeping your seed phrase written on paper, would totally prevent theft.

Still, this incident is a reminder that crypto users must remain vigilant of potential hacks.

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Ripple vs SEC Lawsuit Officially Ends—Is an XRP ETF Next?

The post Ripple vs SEC Lawsuit Officially Ends—Is an XRP ETF Next? appeared first on Coinpedia Fintech News

After years of uncertainty, the U.S. crypto industry may finally be entering a new chapter. A major legal battle between Ripple vs SEC has officially ended, and fresh efforts are underway to build clearer, fairer rules for digital assets.

In a new Crypto In One Minute episode, Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed that the U.S. SEC has officially dropped all crypto-related lawsuits, including its long-standing case against Ripple. The final appeal was withdrawn in March 2025, putting an end to years of legal battles.

Ripple vs SEC Lawsuit Ends 

While the SEC has closed all crypto cases, some people still believe the Ripple vs SEC isn’t over. But as crypto analyst Vincent Van Code pointed out, Alderoty has clearly stated that the case is done, ending all doubts with just a few words.

Alderoty explained that the main problem was the lack of clear rules. For years, the SEC tried to control the crypto industry using old laws that weren’t made for digital assets. This led to confusion and unfair penalties for many crypto companies. Alderoty said, “You can’t punish an industry for rules it was never given.” Now, Ripple is working closely with lawmakers to help build new crypto laws that make sense.

New Rules Will Protect and Support the Industry

Ripple is helping design new laws with four big goals in mind: protecting consumers from scams, keeping markets safe, stopping bad actors, and supporting innovation. The goal is to make sure crypto can grow without harming the public. Alderoty believes this shift gives the U.S. a chance to lead in global digital finance by creating fair rules that help both companies and investors.

Big Meeting Between Ripple and New SEC Chair

Ripple’s Executive Chairman, Chris Larsen, met with new SEC Chair, Paul Atkins, on May 2, 2025. Atkins, who was appointed under a more crypto-friendly administration, has already said the SEC should support the industry instead of slowing it down. This meeting could help bring even more clarity about XRP’s status and how Ripple’s technology fits into the future of finance.

Is an XRP ETF Coming?

With all this progress, excitement is building. Bloomberg’s Eric Balchunas predicts there’s now an 85% chance that an XRP ETF will be approved in 2025. XRP is currently trading at $2.23, up over 3% in the last 24 hours.

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The post Ripple vs SEC Lawsuit Officially Ends—Is an XRP ETF Next? appeared first on Coinpedia Fintech News
After years of uncertainty, the U.S. crypto industry may finally be entering a new chapter. A major legal battle between Ripple vs SEC has officially ended, and fresh efforts are underway to build clearer, fairer rules for digital assets. In a new Crypto In One Minute episode, Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed that …

Oregon Sues Coinbase, Labels 31 Crypto Tokens as Securities, Including XRP, ADA, LINK

Coinbase vs SEC News Update Coinbase Takes the Lead in SEC Lawsuit with Major Discovery Ruling

The post Oregon Sues Coinbase, Labels 31 Crypto Tokens as Securities, Including XRP, ADA, LINK appeared first on Coinpedia Fintech News

Coinbase is back in the legal spotlight, but this time, it’s not the SEC knocking at the door. The Oregon Attorney General has filed a lawsuit against the crypto exchange, accusing it of offering and selling unregistered securities to users in the state.

The lawsuit claims that Coinbase offered and sold at least 31 tokens as unregistered securities, and that includes some big names like XRP, ADA, LINK, AAVE, MKR, and UNI.

Oregon Named 31 Tokens as “Crypto Securities”

In an ongoing lawsuit, Oregon state is suing Coinbase for violating state securities laws. The lawsuit claims Coinbase helped sell unregistered cryptocurrencies, making millions in fees while Oregonians lost money.

Oregon’s Attorney General, Dan Rayfield, said, “Coinbase gained trust from people in Oregon and then offered risky investments that weren’t fully checked. Because of this, people lost money, and we think Coinbase should be held responsible.”

Oregon specifically names 31 crypto tokens it believes were illegally offered as unregistered securities. These include popular tokens like ADA, SOL, XRP, LINK, AAVE, MATIC, UNI, and many more.

Although Oregon is going further than the U.S. SEC, which listed 18 tokens in its lawsuit.

Coinbase Responds

Paul Grewal, Coinbase’s Chief Legal Officer, fired back on X. He criticized Oregon’s Attorney General for filing the lawsuit on behalf of over 500,000 users, without their consent. He also said this lawsuit could hurt the entire crypto industry, not just Coinbase.

Oregon’s Case Impact On XRP

Even though Oregon’s lawsuit is only about state rules, it could affect the whole country.

One big thing in the case is XRP, the token from Ripple. Oregon’s Attorney General says XRP should be treated like a security, which means it would have to follow certain rules.

Ripple recently won against the SEC, but now Oregon is bringing the issue up again. They’re still arguing about whether XRP is a security or not.

The post Oregon Sues Coinbase, Labels 31 Crypto Tokens as Securities, Including XRP, ADA, LINK appeared first on Coinpedia Fintech News
Coinbase is back in the legal spotlight, but this time, it’s not the SEC knocking at the door. The Oregon Attorney General has filed a lawsuit against the crypto exchange, accusing it of offering and selling unregistered securities to users in the state. The lawsuit claims that Coinbase offered and sold at least 31 tokens …