The ongoing lawsuit between Ripple and the SEC is back in the spotlight. Experts foresee potential changes in the commission's approach.
SEC’s Shift in Coinbase Case
Pro-XRP lawyer James Murphy noted the SEC’s decision not to oppose Coinbase’s appeal request. This marks a stark contrast to its previous stance and may lead to a settlement or dismissal by the SEC.
Will SEC Drop Crypto Cases?
SEC's leadership is crucial in the current context. A new chair is expected to be appointed around March or April, which could influence decisions on crypto lawsuits. Commissioners Hester Peirce and Mark Uyeda can act before the new appointment.
What's Next for the Ripple Lawsuit?
Rumors about the SEC dropping the lawsuit were false; the case moved to the Court of Appeals. Ripple's appeal brief is due by April 16, and changes in leadership might lead to a case dismissal by April or May.
The Ripple lawsuit continues to unfold with the potential leadership change at SEC, which could alter the case's outcome.
