Attorney James Murphy has drawn attention to a shift in the SEC's approach to crypto companies, potentially impacting decisions in cases against Coinbase and Ripple.
SEC’s New Position in the Coinbase Case
The SEC has altered its position in the case against Coinbase by allowing an appeal, indicating a potential reevaluation of its approach to cryptocurrencies.
What Does This Mean For the Ripple Lawsuit?
The removal of documents related to the Ripple case from the SEC's website has spurred rumors of a potential resolution. However, Murphy indicates that the lawsuit is still active.
When Will the Lawsuit be Dismissed?
Attorney Jeremy Hogan has speculated that the SEC may drop the case soon, particularly if a new chair is appointed before then.
The SEC's changing approach could influence the future course of events in the Coinbase and Ripple cases, garnering interest in the future regulation of the crypto industry.
