The US Securities and Stock Exchange Commission (SEC) and the leading crypto currency exchange Binance decided to pause a 60 -day pause in the ongoing legal process. This development, Ripple, which has been going on since 2020 $2.5 It also led to speculation that a possible agreement could prepare the environment for the case.
Role of Crypto Task Power
The opinion that the crypto task force created by SEC may affect the course of the case prevails. The parties stated that this initiative continues to work to clarify the crypto sector and that the pause could increase the likelihood of protection and early solutions. Bloomberg analysts Eric Balchunas and James Seyffart suggested that the task force could contribute to determining the differences between security and commodity.
The 60 -day pause decision was interpreted with the desire to reduce the costs of the relevant parties and to prevent unnecessary legal process. This is seen to be able to reshape the relationship between the crypto sector and the regulatory institutions.
Authorities’ expectations
While the SEC’s approach is given reform signals, a similar step can be applied in the Ripple case, which has been discussed for a long time. Moreover, former SEC lawyer Marc Fagel said that the agreement would be possible after the candidate for the presidential candidate.
FOX journalist Eleanor Terrett said that similar analogies can be seen in the Ripple case.
The new member approval process of the US Senate may also affect these developments. Paul Atkins is expected to be completed for several months in order to take office. In the past, such delays have been seen and these processes are normal.
Evaluating the current approaches and predictions of the parties is important in terms of preparation for the regulatory changes that may occur in the future. Relevant developments may be effective in reshaping market dynamics.
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 perform their operations in line with their own research.
