SEC Chairman Paul Atkins issued a sharp critique of the agency’s past crypto strategy, calling it ineffective and damaging to market trust. In a speech published on the SEC’s website, Atkins said the Commission’s previous posture—initially ignoring crypto and then…

Crypto languished in ‘SEC limbo’ for years: Paul Atkins reaffirms crypto commitments

According to a recent video by Edward Farina, founder of Alpha Lions Academy, 
XRP holders should think twice before selling every time the market dips. He 
pointed out that on May 12, XRP fell from $2.47 to $2.33—a 5.60% drop in 24 
hours. Such moves stoke fear. But Farina says sticking around might pay off in 
the long run. Related Reading: Trump Token Mania: Over 6,000% Pump Or Classic 
Solana Trap? Strong Reminder To Hold Farina urged investors not to let a 
20–30% pullback scare them out. He warned that selling during a small slide 
often kicks people out just before the next surge. When XRP fell to around 
$0.50–$$0.70 in past years, many sold. Those same coins later climbed by 
hundreds of percent. Holding through the downturn would have turned a small 
stake into a much larger gain. Big Gains Lost By Early Sellers Based on 
reports, people who bailed at $0.60 missed out on big rallies. That drop to 
the $0.50–$0.70 range represented a massive buying opportunity. But paranoia 
took over. Investors sold to shield themselves from more losses. They thought 
the dip would last. It didn’t. XRP’s price shot up, leaving many behind. When 
the $XRP train 🚆 leaves the station it won’t stop to take more passengers. 
Make your choices NOW or regret later, unfortunately 95% will be left behind. 
REPOST 🔀 only if you are still holding! pic.twitter.com/mcGk5urQdd — EDO 
FARINA 🅧 XRP (@edward_farina) May 12, 2025 Simple Three-Step Approach Farina 
laid out what he calls a clear plan: buy the coin, hold it long term, and stay 
brave when the market gets shaky. He dismissed the need for complex tactics 
like day‑trading or staking. He even said you don’t need a huge pile of cash 
to get started. Instead, courage during volatility is what counts. That 
message is meant to be easy to follow. Institutional Interest And Conviction 
He also spoke about doing a “conviction move” by studying XRP’s tech, 
financials, and geopolitical role. According to Farina, XRP serves as a bridge 
currency for fiat transfers. He claims this has drawn the eye of big players 
like the IMF and the Bank for International Settlements. He believes this 
backing shows that demand could stay strong. Warning On Risks And Reality 
Farina admitted he once sold in panic and missed out. Now, he says he’d hold 
his XRP even if the price fell to zero. That’s a bold stance. Yet, real 
markets can be unpredictable. No amount of courage can replace the need for 
risk checks and exit plans. Related Reading: XRP 100x Gains Coming? The Future 
Is Closer Than You Think—Analyst XRP Price At A Glance At press time, XRP 
traded at $2.37, down 3.25% over 24 hours and 1.7% for the week. Farina warned 
that when XRP takes off, it could move so fast that 95% of investors get left 
behind. He urged people to act now if they want a seat on the “XRP train.” 
Featured image from Unsplash, chart from TradingView

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Jamie Dimon, the chief executive officer of JPMorgan, has said that the bank 
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Despite a 54% drop, Pi Network price prediction remains surprisingly bullish. 
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Following a slew of companies last week revealing similar plans, Digiasia 
Corp. announced a commitment to establish a bitcoin treasury reserve, 
potentially raising up to $100 million to acquire BTC, as its shares surged 
93% by 1 p.m. ET on Monday. Digiasia Eyes $100 Million to Build Bitcoin 
Treasury The fintech firm Digiasia Corp. (Nasdaq: […]

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In one of his first speeches since becoming chair of the US Securities and 
Exchange Commission (SEC) in April, Paul Atkins addressed some of the 
regulatory concerns around the cryptocurrency industry.
In prepared remarks for a May 19 speech, Atkins said it was a &#8220;new day&#8221; for 
the crypto industry under the current leadership of the SEC. He suggested that 
the financial regulator would be more open to &#8220;adapt to and accommodate new 
developments&#8221; while still abiding by its statutes.
&#8220;The crypto markets have been languishing in SEC limbo for years,&#8221; said 
Atkins, adding: 
&gt; &#8220;While I have directed Commission staff across our policy Divisions to begin 
&gt; drafting rule proposals related to crypto, the staff continue to &#8216;clear the 
&gt; brush&#8217; through staff-level statements.&#8221;
Even before Atkins stepped into the role of SEC chair, the commission&#8217;s 
actions under Donald Trump suggested that it would radically depart from the 
direction of former chair Gary Gensler. In 2025, the SEC has dropped several 
investigations and enforcement actions against crypto companies and issued 
guidance on memecoins and security tokens.
_**Related:**__**CFTC commissioner to leave agency on May 31**_
&#8220;As I begin my tenure as Chairman, I can tell you that we are getting back to 
our roots of promoting, rather than stifling, innovation,&#8221; said Atkins. &#8220;The 
markets innovate, and the SEC should not be in the business of telling them to 
stand still.&#8221;
## Looking to Congress for market structure
Atkins&#8217; remarks came as US lawmakers considered draft legislation to establish 
a regulatory structure for crypto markets. The proposed bill, moving through 
the House of Representatives, could clarify the roles the SEC and Commodity 
Futures Trading Commission (CFTC) have in overseeing and regulating digital 
assets.
Until the legislation passes Congress and is signed into law, the SEC&#8217;s rules 
and guidelines over crypto could face pushback from affected parties.
The SEC chair has given opening remarks and overseen the commission&#8217;s 
roundtable events, discussing regulatory issues surrounding digital assets and 
blockchain. The next event, scheduled for June 9, will cover decentralized 
finance.
_**Magazine:**__**SEC &#8216;s U-turn on crypto leaves key questions unanswered **_