Summary
- The SEC has indicated that legal proceedings against Ripple are likely to be discontinued.
- Former SEC Enforcement Director John Reed Stark stated that all cryptocurrency-related lawsuits could be halted.
- The White House executive order signature is expected to make it more difficult for the SEC to intervene in the cryptocurrency market.
The Securities and Exchange Commission (SEC)'s intervention in the cryptocurrency market appears to be taking a different turn. As the SEC has temporarily suspended legal actions against Coinbase and Binance, there are suggestions that the legal proceedings against Ripple, which had the most intense friction with the SEC, might also be halted.
On the 18th (local time), John Reed Stark, former SEC Enforcement Director, claimed through X (Twitter) that "the SEC is expected to discontinue its appeal against Ripple soon."
Furthermore, Stark predicted that the SEC might halt all cryptocurrency-related lawsuits. He added, "The SEC appears to be concluding all cryptocurrency-related litigation. The recently launched U.S. cryptocurrency task force (TF) is expected to influence such resolution of lawsuits."
Meanwhile, as President Donald Trump signed an executive order this morning regarding White House oversight of independent regulatory agencies including the SEC, observers suggest that it will become more difficult for the SEC to intervene in the cryptocurrency market.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
