The legal expert MetaLawMan, who supports Ripple in the case against the SEC, has noted important shifts in the SEC’s approach to the Coinbase case as the cryptocurrency exchange moves forward with its appeal.
Changes in the SEC's Strategy
Two weeks ago, MetaLawMan noted that Coinbase had filed a motion to [the Second Circuit Court](https://www.ca2.uscourts.gov/) requesting permission to proceed. The SEC had a 10-day window to object but chose not to, which marks a significant departure from their previous stance under Gary Gensler.
MetaLawMan's Analysis: Possible Outcomes
According to MetaLawMan, the situation might evolve in two directions. If the court accepts the case for appeal, the SEC would have several months to establish its stance on whether cryptocurrencies are considered investment contracts. However, a settlement or dismissal by the SEC before the appeal could also be likely.
Impact of the Decision on the Crypto Market
These developments could significantly reshape the regulatory landscape for cryptocurrency trading, with potential far-reaching effects on the digital asset industry.
The ongoing situation in the Coinbase vs SEC case could serve as a pivotal moment for future cryptocurrency regulations and offer new guidelines for the industry.
