**Crypto Lawsuits May Fade as SEC Chair Gensler Steps Down**

With SEC Chair Gary Gensler set to step down in January, many securities lawsuits against crypto firms in the U.S. might quietly disappear, according to Pantera's legal officer, Katrina Paglia. Speaking at the North American Blockchain Summit, Paglia suggested that while some settlements are likely, the SEC might not pursue all claims aggressively.

She anticipates some cases will end with "neither admit nor deny" statements, allowing defendants to settle quietly. Paglia also hinted at the possibility of the SEC issuing no-action letters, especially if Commissioner Hester Peirce takes charge of crypto matters.