The crypto market is coming back to life, with Bitcoin reaching new highs and altcoins starting to show activity. Meanwhile, there's growing anticipation of changes in the SEC that could affect lawsuits against Ripple and other companies.
A New Phase in the Crypto Market
The final phase of the cryptocurrency bull market seems to have started. Bitcoin is hitting new records, and altcoins are beginning to show signs of recovery. Amid these developments, interest in changes at the SEC remains strong, with many hoping that new policies could free the market from several lawsuits.
SEC Appointment and Its Possible Consequences
Mark Uyeda is considered a potential candidate for the temporary position of SEC chair after Gary Gensler's resignation. Known for his crypto-friendly stance, Uyeda could be a key figure in changes aimed at resolving lawsuits, such as those involving Ripple and Coinbase.
Expert Opinions on the Future of Ripple and Coinbase
Crypto lawyer Jeremy Hogan predicts that Gensler will resign before January 20th, after which new leadership will quickly dispose of non-fraud cases. This could lead to the settlement of the Ripple lawsuit for the $125 million already awarded by the court. Former SEC attorney Marc Fagel notes that such actions would be highly unusual, affirming that SEC actions are usually based on law rather than political influence.
The crypto market is bracing for changes. Adjustments at the SEC could significantly impact the outcome of current litigations in the crypto realm. Although exact consequences are yet unpredictable, expectations are high, especially for companies like Ripple and Coinbase.
