Former SEC official John Reed Stark has hinted at the possibility of the SEC dismissing its lawsuit against Ripple as the regulatory body's stance on cryptocurrencies softens.
Litigation Pauses by the SEC
John Reed Stark highlighted that the SEC recently paused legal proceedings against Coinbase, Binance, Uniswap, and OpenSea. Stark suggests these suspensions are part of a plan to delay actions until the crypto division within the SEC provides assessments.
Ripple Lawsuit Questioned
The question of whether the SEC will abandon the Ripple lawsuit remains. The court ruled certain sales of XRP not to be securities but fined Ripple for institutional sales. Ripple is expected to respond to the SEC's appeal by April 2025.
SEC Investigations Conclude
The SEC has recently concluded investigations into projects, including Robinhood and Coinbase, marking a shift from enforcement to regulatory consideration in the crypto field.
The ongoing litigation pauses and softer policies by the SEC towards crypto companies suggest a significant move towards changing how the regulatory body approaches the crypto industry, with potential implications for the Ripple lawsuit.
