Donald Trump's recent presidential election win has energized the cryptocurrency community, particularly regarding the SEC v. Ripple lawsuit. Analysts suggest this could lead to a settlement by 2025.
Potential Resolution for Ripple Case
Legal analyst Fred Rispoli suggests that the case against Ripple could settle as early as March 2025 under Trump's administration. Two paths are possible: the first involves Gary Gensler's SEC team settling before any leadership change but may include penalties. A more favorable path for Ripple could occur under Trump-appointed leadership, revisiting penalties or dismissing certain charges.
Calls for Reassessment of Crypto Cases
Paul Grewal, Chief Legal Officer at Coinbase, believes the new administration might reassess Gensler's cases, distinguishing scams from legitimate companies like Ripple and Coinbase. He voiced optimism that clearer regulations could lead the SEC to work with, rather than against, the crypto industry.
Changes in SEC Leadership
Trump's team is considering appointing former SEC commissioners Dan Gallagher and Paul Atkins as chair candidates. These changes aim to curb the current leadership's influence and foster a more crypto-friendly regulatory environment.
Trump's victory may lead to a review of the SEC's case against Ripple and significantly impact the cryptocurrency market. Potential appointments to the SEC are seen as a hopeful development for a pro-crypto regulatory framework.
