US Securities and Stock Exchange Commission (SEC), Coinbase and Binance cases in line with the strategy Ripple $2.60 He may postpone his case. Recently, SEC has applied to suspend the process in relation to these cases. This development is interpreted that the regulatory institution can make changes to the approach to the crypto currency market.
Change in SEC’s crypto currency strategy
The SEC began to follow a different path in the audit strategy for the crypto money market. The institution’s “Crypto Assets and Cyber Unit” team was restructured as “Cyber and Emerging Technologies Unit .. This shows that the SEC is approaching the sector from a more cautious and long -term perspective.
Coinbase and Binance cases in the court applications, SEC’nin wants to suspend the process revealed. In the documents submitted to the court, the newly created Crypto Task Force may contribute to the solution of the cases said. Legal experts evaluate that this development may be reflected in the Ripple case.
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The expectation of solutions in the Ripple case is increasing
Former SEC official John Reed Stark, said in a statement on social media, Coinbase and Binance cases may affect the Ripple case, he said. This comment increased expectations among XRP investors.
The Ripple case includes a long -standing legal struggle as to whether XRP is securities. The partial court decision taken in 2023 ruled that XRP was not securities for some transactions. However, the SEC objected to the fact that this decision was not valid for all transactions.
Lawyer Jeremy Hogan suggested that SEC could conclude the Ripple case before the crypto money ETF approval process. This shows that the case can have a solution earlier than expected. The future of the Ripple case can be an important indicator of how to shape the legal framework in the crypto currency market.
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.
