Former SEC Official Says Ripple Appeal Next on SEC’s ‘Chopping Block’
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- The SEC has closed investigations into Uniswap Labs, Coinbase, OpenSea, and Robinhood.
- Experts believe the SEC may soon dismiss the ongoing Ripple lawsuit over XRP.
- Gensler’s departure signals a shift, with the SEC stepping back on crypto enforcement.
The U.S. Securities and Exchange Commission (SEC) has signaled a change from its aggressive crypto-enforcement approach, with the recent dismissals of crypto-related lawsuits.
The SEC has officially ended its investigation into Uniswap Labs without taking further action. This follows similar closures in cases involving Coinbase, OpenSea, and Robinhood. These developments add to a growing number of legal wins for crypto companies dealing with the SEC since the start of Donald Trump as President.
Will Ripple Lawsuit Be Next to Fall?
The big question now is whether the Ripple lawsuit will be dropped too, just like these other SEC crypto cases.
Industry experts, including former SEC official John Reed Stark, are predicting that this change could be the beginning of the end for the SEC’s high-profile lawsuit against Ripple, with the potential for the case to be dismissed next.
Related: Ripple CEO Appla…
The post Former SEC Official Says Ripple Appeal Next on SEC’s ‘Chopping Block’ appeared first on Coin Edition.
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