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
$124 network, if investors seek rug pulls, there’s not much to be done. But when will these lawsuits come to an end?
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 $1,907 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.