Jay Clayton, the former SEC chairman who authorized the lawsuit against Ripple Labs in December 2020, was confirmed as Director of National Intelligence on July 28, 2026, by a Senate vote (51-47). XRP, at the center of this legal battle over a $1.3B unregistered securities offering, was trading around $1.08, down roughly 64% year-over-year. The SEC lawsuit suppressed institutional interest and kept major US exchanges from listing the token, but once the litigation was settled in 2025 with a final civil penalty of $50 million, Clayton’s confirmation produced no observable price reaction.
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