The SEC announced a potential change in operational status.
Advocate Jeremy Hogan advised the SEC to file a stay on all non-fraud litigation.
XRP has dropped to the 4th position in the market and trades at $2.28.
The lawsuit filed by the United States Securities and Exchange Commission (SEC) against Ripple regarding the sale of XRP tokens may be approaching its conclusion. The SEC recently announced changes to its operating status, which will align with federal government directives during a potential government shutdown caused by budgetary constraints.
With Donald Trump elected as the next U.S. president and his appointment of Paul Atkins as the SEC’s new Chair, the agency is set for significant changes. Pro-crypto leadership at the SEC could reshape regulatory dynamics and have substantial implications for the cryptocurrency market.
Jeremy Hogan, a partner at Hogan & Hogan, urged the SEC via X (formerly Twitter) to “file for stays on all non-fraud litigation that poses no immediate risk to investors.” Hogan argued this approach would be appropriate given the looming government shutdown and the incoming crypto-friendly administration.
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