The SEC's new administration is modifying its approach to the cryptocurrency industry, withdrawing some cases initiated under its former chairman.
Change in SEC Strategy
Under new leadership, the SEC is stepping back from several major cryptocurrency lawsuits. SEC member Hester Peirce is significantly involved in reducing the number of such lawsuits.
Key Case Reviews
Cases against companies such as Robinhood, Coinbase, and ConsenSys have been addressed by the new commission. Additionally, lawsuits against Binance and Tron (TRX) have been suspended. However, proceedings against Ripple and other companies remain ongoing.
Prospects for the Crypto Industry
The industry is waiting for a decision on the Ripple case as the last of the ongoing proceedings. Anthony Scaramucci speculates that the Ripple case will soon be closed, though an official statement from the SEC has yet to be made.
Ongoing changes in the SEC’s approach to the crypto industry could significantly impact its future development, especially concerning ongoing legal disputes.
