The SEC’s enforcement actions against cryptocurrencies, including cases against Coinbase and Binance, are reportedly losing momentum, with former official John Reed Stark suggesting a significant shift in the agency’s approach. The newly established Crypto Task Force is expected to reshape regulatory strategies, potentially leading to the withdrawal of appeals in ongoing cases like Ripple. This marks a turning point, indicating a move away from aggressive enforcement towards resolutions and regulatory clarity in the digital asset space.
about SEC Crypto Enforcement Efforts May Be Coming to an EndJohn Reed
0 posts last weekSEC Crypto Investigations Expected to Pause Amid Ongoing Legal Battles
Former SEC attorney John Reed Stark predicts that all SEC crypto-related investigations, including the ongoing case against Ripple, will soon come to a halt. He anticipates that the SEC will pause or settle these cases favorably for defendants, citing recent pauses in high-profile cases like those involving Binance and Coinbase. Stark also noted significant staff reassignments within the SEC, suggesting a shift in focus away from crypto enforcement.
about SEC Crypto Investigations Expected to Pause Amid Ongoing Legal BattlesPotential Pause in Ripple SEC Lawsuit Amid Recent Developments
Former SEC employee John Reed Stark suggests that the SEC may soon pause its appeal against Ripple, influenced by recent agreements and internal changes within the agency. Attorney Jeremy Hogan believes the lawsuit’s resolution could occur before the approval of a spot XRP ETF, as firms like Grayscale and Bitwise prepare for such products.
about Potential Pause in Ripple SEC Lawsuit Amid Recent DevelopmentsSEC Pauses Crypto Appeals Amid Leadership Changes and New Task Force
Ethereum has become the top-traded asset on Coinbase as the SEC appears to be pausing its appeal in the Ripple case, with expectations of a broader halt in crypto-related appeals. This shift follows the establishment of a new crypto task force aimed at clarifying industry regulations under the SEC’s new leadership.
about SEC Pauses Crypto Appeals Amid Leadership Changes and New Task ForceMorgan Stanley CEO Plans Collaboration with US Regulators on Crypto Offerings
Morgan Stanley CEO Ted Pick announced the firm’s willingness to collaborate with US regulators on crypto offerings, emphasizing the need for safe transactions as a highly regulated institution. Meanwhile, Bank of America CEO Brian Moynihan expressed readiness to embrace crypto assets pending regulatory clarity, highlighting the bank’s extensive blockchain patents.
about Morgan Stanley CEO Plans Collaboration with US Regulators on Crypto Offerings