Possible changes in the US Securities and Stock Exchange Commission (SEC) to crypto cases are on the agenda. Experts, especially in the case of the XRP case may change the course of the process, SEC’s recent attitude in the case of Coinbase may create a similar example, he said.
US SEC’s decision process
Recognized law expert James Murphy predicts that SEC will enter the process of making defense declarations in the short term, depending on the decision of the imahkeme. According to Murphy, if the 2nd circle accepts the case, it may take a few months for SEC to prepare its defense.
James Murphy: “If the 2nd circle accepts the case, it may take a few months for SEC to give a defense statement.”
On the other hand, Ripple $2.5 The case is also closely monitored by the market. The case was reported to be listed in the Supreme Court of Appeals within the scope of the new number of files by removing the SEC’s website. Ripple plans to deliver its petition for the objection process by 16 April. XRP supporter lawyer Jeremy Hogan said that the case may change in the recent course.
Expectations for the Future
Uncertainties about SEC’s management may also affect the course of the process. The absence of a Senate -approved president yet increases the concern that different approaches can be adopted in the solution of cases. Experts stated that the start of the new president in March or April can be considered as a critical factor.
James Murphy said: “There is no Senate approved president yet, probably a appointment will take place in March or April time period.”
Market observers, currently in the vote of three commission members said the process can be shaped. Some lawyers believe that it would be difficult for the temporary president to take a big step. In addition, SEC’s efforts to create clear arrangements are among the factors that may affect the process.
The relevant developments are carefully monitored by market participants, and it is considered that possible differences may arise in SEC’s approaches after the appointment. This creates uncertainty about how future steps will be determined in the XRP case and similar issues.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
