The post Lawyer Explains Delayed Case Resolution appeared on BitcoinEthereumNews.com.

In the wake of a series of dropped investigations against prominent crypto companies, legal experts are weighing in on what these developments could mean for Ripple Labs’ long-standing dispute with the US Securities and Exchange Commission (SEC). On Monday, Robinhood confirmed it had received a letter from the SEC stating the closure of the regulator’s investigation into its crypto operations—a probe that originally stemmed from a Wells Notice the company received in May 2024. Coinbase Chief Executive Brian Armstrong also revealed last week that a similar SEC investigation into the exchange had been terminated with no further action. In addition, the NFT marketplace OpenSea previously saw its own SEC probe dismissed. These terminations follow a growing trend: The SEC has been systematically closing or dismissing legal actions against crypto-focused entities—a stark departure from the more combative approach under former SEC Chair Gary Gensler. Notably, Gensler resigned on January 20, 2025, the day Donald Trump was inaugurated as President of the United States. Under interim SEC head Mark Uyeda, the agency has assembled a specialized crypto task force overseen by Commissioner Hester Peirce to clarify digital asset regulations. What Is Delaying The Ripple Vs. SEC Case Resolution? James “MetaLawMan” Murphy of Ludlow Street Advisors, LLC, took to social media platform X to highlight the significance of these recent SEC moves: “SEC closes investigation of Robinhood crypto business after previously issuing Wells Notice. The post-Gensler SEC appears to finally recognize that most crypto tokens are not securities. We should see dismissals of cases against Gemini, Kraken, Binance, Ripple & others.” Meanwhile, he also highlighted why the Ripple case could last a tad longer to get a case resolution in contrast to the other firms. “The only reason I list Ripple last is the complexity involved in negotiating a resolution. Ripple is the…

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Filed under: News - @ February 25, 2025 9:26 pm