New appointments in SEC leadership are raising expectations for positive changes in the crypto industry. Experts analyze potential impacts on ETFs and various altcoins.
New Appointments and Expectations
Donald Trump, upon taking office, nominated Paul Atkins as the SEC head, pending Senate confirmation. Katherine Dowling from Bitwise noted that the SEC is in transition and needs this appointment's approval.
Ripple Case and Current Legal Issues
Dowling discussed the Ripple case and ongoing lawsuits, emphasizing that the SEC is waiting for 'directive from above'. New leadership might bring fresh perspectives to existing cases.
Future ETFs and Dogecoin
Dowling expressed views on the debatable security nature of some altcoins like Solana and XRP. She highlighted the clarity regarding Dogecoin, not considered a security by the SEC, and expressed hope for its swift ETF approval.
According to reports, changes in the SEC could significantly impact the situation with cryptocurrency ETFs and altcoin regulation. The industry awaits new initiatives and decisions from the new leadership.
