The legal battle between Ripple and the SEC is making headlines again. Experts suggest a potential change in the SEC’s approach that could affect the lawsuit outcome.
SEC's Decision on the Coinbase Case
Attorney James Murphy highlighted that the SEC did not oppose Coinbase's appeal, contrasting with former President Gary Gensler's stance. If the appeal is accepted, the case might conclude without determining whether cryptocurrencies are securities on secondary exchanges.
Current Status of the Ripple and SEC Case
The sudden shift in the SEC’s stance and the emergence of a crypto-friendly administration raise expectations that the Ripple case may follow a similar trajectory. Trump’s meeting with Ripple’s CEO suggests that challenging times for the company might be ending.
Will the SEC Abandon Cryptocurrency Cases?
The SEC's leadership could play a crucial role in this process. A new chairman candidate is expected by March or April, possibly altering the SEC’s perspective on cryptocurrency cases. A decision on the Ripple case could be expected by April.
The current uncertainty regarding the SEC's stance on cryptocurrency cases may shift with the appointment of a new chairman, potentially affecting the outcome of the Ripple case.
