The post Could Kamala Harris End the Ripple vs. SEC Lawsuit? MetaLawMan Weighs In appeared first on Coinpedia Fintech News
For those hoping the Ripple vs. SEC litigation will finish soon, lawyer James Murphy, known as MetaLawMan, has an answer. His speculation comes after billionaire investor Mark Cuban hinted at Kamala Harris adopting a more favorable stance on cryptocurrency, which has stirred discussions within the XRP community.
MARK CUBAN SAYS KAMALA HARRIS’ CAMP REACHED OUT WITH 'MULTIPLE QUESTIONS' ABOUT CRYPTO“I'm getting multiple questions from her camp about crypto,” he said Tuesday. “So I take that as a good sign.”“The feedback I’m getting, but certainly not confirmed by the VP, is that she…
— *Walter Bloomberg (@DeItaone) July 23, 2024
Here’s What Can End XRP Lawsuit!
The XRP lawsuit has been a hot topic in the crypto world, attracting significant attention from investors. As per media reports, Mark Cuban has been approached by Kamala Harris’s team with multiple questions on crypto. Over this MetaLawMan’s comment has further fueled discussions, suggesting that Kamala Harris’ potential crypto-friendly stance could lead to the dismissal of the ongoing XRP lawsuit and other cases against cryptocurrency firms.
In this regard, Murphy outlined several steps for a genuine crypto pivot, including firing SEC Chair Gary Gensler, revoking Operation Chokepoint 2.0, and dropping cases against major crypto firms like Ripple, Coinbase, Kraken, and Binance. He even suggested signing a bill to repeal SAB121 and granting Custodia Bank a Federal Reserve master account. These steps, according to Murphy, would help build crypto-friendly policies.
Kamala Harris and the Future of Crypto Regulation
Mark Cuban hinted that Kamala Harris might take a more favorable approach to crypto regulations, signaling a new era of openness to innovation. In an email to Politico, Cuban mentioned hearing rumors about Harris’ plans to embrace AI, cryptocurrency, and innovative governance, although he hadn’t heard it directly from her.
However, if these policies come into action it will mark an end to XRP lawsuits and other cases against crypto firms, marking a major win for crypto assets.
Politics Over Crypto
In the meanwhile all eyes are peeled at the Bitcoin Conference 2024, where both Donald Trump and Kamala Harris are expected to speak on crypto policies. Bitcoin Magazine CEO David Bailey confirmed talks with Harris’ campaign, suggesting it would be a strategic move to reset the Democrat’s positioning on crypto. Even Gemini Co-founder Tyler Winklevoss doubted Vice President Kamala Harris’s pro-crypto talks as it is too late to take a stand.
Whereas, pro-XRP lawyer Bill Morgan sees this as a positive step, indicating an openness to new crypto policies. However, some users are doubtful given the administration’s past anti- crypto stance.
Crypto Reaction
Despite the negativity, the news has boosted market confidence, sparking discussions about a potential shift in US policy towards crypto firms and the possibility of dropping the XRP lawsuit. Harris’ involvement could signal a significant turning point in the crypto space, potentially leading to a more favorable regulatory environment and ending the long-standing legal battle between Ripple vs SEC.
