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COINTURK NEWS > Cryptocurrency Law > Will Ripple and Other Crypto Cases Reach Their Conclusion Soon?
Cryptocurrency Law

Will Ripple and Other Crypto Cases Reach Their Conclusion Soon?

In Brief

  • Ripple and other crypto lawsuits are under scrutiny for their resolution timelines.

  • Hester Peirce leads a new SEC task force to address crypto industry challenges.

  • New SEC leadership may expedite the outcome of pending crypto cases.

İlayda Peker
İlayda Peker 3 months ago
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The legal pressure from the United States had escalated to a point where even giants like Ripple $2 considered relocating their headquarters to other countries. Fortunately, with the Biden administration’s exit, Trump’s leadership provided a more favorable environment for cryptocurrencies. Despite the chaos that ensued on the Solana $172 network, if investors seek rug pulls, there’s not much to be done. But when will these lawsuits come to an end?

Contents
When Will the Ripple Case Conclude?SEC Crypto Task Force

When Will the Ripple Case Conclude?

Ripple is not just a specific case; it represents a broader curiosity regarding the timeline for all cryptocurrency lawsuits. The SEC has filed lawsuits against the Ethereum $2,518 ecosystem, major exchanges, and much more in recent years. While there are lawsuits aimed at preventing and punishing fraud, those against Ripple and Binance seem more focused on attacking the sector.

When will these lawsuits end? The case against Binance has been paused, with a resolution expected within the next 60 days. U.S.-based sources suggest that the lack of action regarding Ripple and others can be explained by the approaching court dates. This means the SEC may act as other court dates draw closer.

Ripple’s next court date is set for April 16, while the Kraken exchange’s is March 31. As the SEC approaches these lawsuit dates, there may be a possibility for action or the formal appointment of Paul Atkins as the head of the agency.

SEC Crypto Task Force

After Trump appointed an interim SEC leadership, the agency’s first move was to establish a crypto task force. This task force is led by Hester Peirce, known as the “mother” of crypto investors. Hester has consistently criticized the SEC’s unreasonable, unfair, and harsh stance towards cryptocurrencies, making her a fitting leader for this initiative.

Currently, Hester is working with the SEC to address the challenges faced by crypto companies, laying the groundwork for action until Paul officially takes the helm. With the SEC’s new face, many concrete and beneficial steps are anticipated, from approvals of altcoin ETFs to the swift resolution of numerous crypto lawsuits.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 19 February, 2025 - 8:55 pm 19 February, 2025 - 8:55 pm
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