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John Reed Stark, a former SEC official, has hinted at the possibility of the SEC dismissing the lawsuit against Ripple. His statement comes as the SEC’s new leadership is becoming more reserved about using enforcement actions against the crypto industry. Stark highlighted several recent decisions by the SEC that paused legal proceedings against certain subsequent crypto entities. The SEC has recently discontinued legal actions against Coinbase, Binance, Uniswap, and OpenSea, which is a huge indication of changing times. It also withdrew appeals concerning the status of some crypto businesses as securities dealers. The current SEC acting chair, Mark Uyeda, is embracing the consideration of reviewing cryptocurrency regulation rather than resorting to enforcement measures. So This is How the SEC Dies. The Rapid-Fire Demolition of the SEC Crypto-Enforcement Program Continues. SEC Investigations of Uniswap & Opensea Officially Closed. Both Firms Had Received Wells Notices Under SEC Chair Gensler. Dropping of the SEC’s Ripple Appeal Next Up for Sure. pic.twitter.com/6VUDFAX3qK — John Reed Stark (@JohnReedStark) February 26, 2025 Since Uyeda took over the agency, the SEC has filed five litigation pauses regarding crypto cases. According to Stark, these suspensions are part of a plan to delay legal actions until the regulator’s crypto division, headed by Commissioner Hester Peirce, issues an assessment. This comes in light of the expectations of the establishment of a new task force to advance a set of recommendations to regulate the sector. Ripple lawsuit in question Since the SEC recently stepped up its enforcement against crypto companies, many have begun to wonder whether it will abandon the Ripple case as well. Stark pointed out that the SEC has claimed that it will not file new cases arguing that the digital assets are securities until the crypto task force provides direction. However, Ripple’s lawsuit is different from the previous…

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Filed under: News - @ February 26, 2025 8:21 pm