Will New Leadership End the Case?
Ongoing Ripple and SEC lawsuit Becoming back to focus as legal experts predicted a possible shift in the agency’s approach. Due to uncertainty in the SEC leadership and a significant change in position on crypto litigation cases, people are on whether the lawsuit can be dismissed soon or resolved. But since Donald Trump’s election winsspeculation about the firing of Ripple and SEC cases have surfaced, but nothing has been taken.
SEC’s transformation in Coinbase Case has sparked speculation
Pro-XRP lawyer James Murphy, known as Metalawman tip The SEC’s decision does not object to Coinbase’s motion to file an intermediary appeal, which is in stark contrast to its previous position under Chairman Gary Gensler. He suggested that if the Second Circuit accepts an appeal, the SEC can resolve or waive the case as an investment contract before a legitimate position on whether cryptocurrency assets are traded on secondary exchanges.
Furthermore, this sudden shift and the pro-Cretto administration have sparked expectations that Ripple lawsuits may follow a similar path. Observers believe that if the SEC is softening its approach, it may be fired or resolved at the dining table.
Trump meets Ripple CEO Before his inauguration, it was shown that the days of ripples were over and Ripple’s political donations were also considered the main card to resolve the case.
Will the SEC start deleting encrypted cases?
The key factor in this equation is the leadership of the SEC. Murphy noted that since there is currently no Senate confirmed chair, this is a new appointment that could impact the agency’s decision in the pending crypto litigation. He also mentioned Paul Atkins As a potential nominee under the Trump administration, he is described as a less controversial option.
However, Murphy also pointed out SEC Specialist Hester Peirce Mark Uyeda is currently holding a vote to take action on the case, which means the decision can still move forward before the new chairman takes office.
- Please read another:
- Crypto News: SEC Judge Signs Ripple Case Appeal Handed over to IT Department
- ,,,,,
What’s next for corrugated litigation?
Reports deleted by SEC Chain litigation from its website Rumors about the settlement were sparked, but attorney Sherrie clarified that the case is now listed in the Court of Appeal due to his new case number. Ripple will file a summary related to the appeal by April 16, and attorney Jeremy Hogan speculates that the SEC can abandon the case around April or May, in line with the expected leadership change.
While some believe that the SEC’s co-insert transfer suggests a similar approach to ripples, others believe that the acting chair is unlikely to make a major decision like abandoning the lawsuit. For now, the case is still improving, but everyone’s eyes are on April, a potential turning point in this highly-watched legal battle.
Never miss the beats in the crypto world!
Stay ahead with Breaking News, expert analysis and real-time updates to the latest trends like Bitcoin, Altcoins, Defi, NFTS, and more.