Will the SEC Drop Its Case Against Ripple?
The post Will the SEC Drop Its Case Against Ripple? appeared on BitcoinEthereumNews.com.
The SEC just dropped its lawsuit against Hex founder Richard Heart, and the crypto community is buzzing. Could this be a sign that the Ripple vs. SEC case might finally come to an end? With the regulator stepping back from multiple crypto lawsuits, optimism is growing, and XRP lawyer John Deaton is making a strong push to get the Ripple case dismissed. Let’s break it all down. Deaton Calls for Ripple Case Dismissal Deaton has urged SEC officials Hester Peirce and Mark Uyeda, along with crypto advocates David Sacks and Bo Hines, to help dismiss the case against Ripple. In a post on X, he wrote: His call for action comes as the SEC backs away from several lawsuits, fueling speculation about its changing approach to crypto enforcement. Is the SEC Losing Control? The SEC’s decision to drop multiple lawsuits has sparked mixed reactions. While many in the crypto industry see this as a victory, former SEC official John Reed Stark has warned that it could be a bad sign for the agency. He suggests that backing down from enforcement could weaken the SEC’s ability to regulate the sector effectively. Since the start of Donald Trump’s second term, the crypto industry has seen several legal victories. The SEC has dropped or closed six cases and asked courts to pause two more. With crypto playing a key role in the 2024 election, these developments suggest a shift in the regulatory approach—though how crypto will be governed remains unclear. Also Read : Big News: Trump to Headline White House’s Historic Crypto Summit on March 7 , SEC’s Changing Approach to Crypto In the past week, the SEC has dropped its lawsuit against Coinbase, paused cases against Binance and Tron, and told platforms like ConsenSys, OpenSea, Robinhood, Uniswap, and Gemini that…
Filed under: News - @ March 1, 2025 1:25 pm