Analyst Opposes Case Dismissal, Seeks Clarity from SEC Instead
The ongoing Ripple case may be dismissed by the SEC, especially given the recent changes in political leadership. With the election results likely to impact the SEC’s regulatory approach, there is growing speculation that the agency may take a more flexible stance on high-profile crypto lawsuits, including those involving Ripple, Coinbase, Binance and Kraken.
On the Good Morning Crypto Show, Analyst Mickle said that while he understands both sides’ perspectives, he would not want the case dismissed if he were part of the Ripple team. He explained that Ripple has invested a lot of time and money to clarify key issues, and the dismissal will bring them back to square one. Ripple is seeking answers to key questions such as whether to allow institutional sales and ODL (on-demand liquidity).
The analyst said that if he were in Ripple’s position, he would like the case to continue so that they can get clear, actionable answers. The goal is to create a framework that allows Ripple to operate with confidence and avoid broad, uncertain crypto regulations that may not apply to its specific business.
Is reconciliation the best option?
He also noted that if the case is dismissed, there will still be the question of dismissal “with or without prejudice.” However, a settlement would resolve these issues and provide Ripple with the clarity they have been seeking.
The analyst further said that settlement may be the best option for companies like Ripple or Coinbase. By paying the fine and agreeing to specific rules, Ripple can continue to operate within a clear regulatory framework. Mickle believes that it is possible to find a middle ground between Ripple and the SEC, especially since Ripple has always wanted to comply with regulations. Problems arose when the SEC seemed determined to thwart their efforts.
