News about the XRP lawsuit: Former SEC lawyer tells whether Atkins will withdraw the lawsuit against Ripple
One user asked Mark Fagel, a former SEC official, about the possibility of the Sec withdrawing the #Ripple lawsuit, especially since it is in the 2nd Court of Appeals. Fagel responded that the SEC could technically dismiss the appeal, but it's hard to predict.
the SEC could probably dismiss the appeal. While Atkins is not a fan of enforcement action against #cryptocurrencies , he also respects the SEC and its mission and is willing to take such an unprecedented purely political step.
He explained that Paul Atkins, the new SEC chairman, is not a fan of enforcement action against cryptocurrencies, but also respects the role of the SEC. As a result, he may be hesitant to make such a political decision.
What's next?
The outcome of Donald Trump's election could affect the regulation of cryptocurrencies. Experts believe that under Trump's leadership, the SEC may take a different approach to overseeing cryptocurrencies.
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