Several influential figures in the digital asset market speculate that the leadership change could result in more favorable Crypto Regulations and laws. Less than a month separates this speculation from the scheduled inauguration of a new presidential administration and Congress in the United States.
Ripple Chief Expects SEC Validation on Crypto Rules
The actions taken by the Securities and Exchange Commission (SEC) could make any policy change implemented by the United States government visible to certain executives operating in the financial sector. Several enforcement proceedings were taken against cryptocurrency companies in the United States, including Ripple and Coinbase, by the Securities and Exchange Commission (SEC) during the tenure of Gary Gensler, who served as Chair of the SEC, and Jay Clayton, who served as his predecessor.
In a post published on December 31st, X, the chief legal officer of Ripple, Stuart Alderoty. Expressed his expectation that the Securities and Exchange Commission (SEC) would validate what he believed to be “principles” in relation to the regulation of digital assets. One of these principles is that “a token is never a security when it can be the subject of a security transaction.
Ripple Appeals $125M Verdict
In August 2024, Ripple’s lawsuit became final. The SEC, which deemed the company liable for $125 million, is now being appealed by the company. Others, such as Paul Grewal, chief legal officer of Coinbase, appeared to accept the consequences. That the United States Supreme Court overturning the Chevron doctrine in 2024 would have for the Securities and Exchange Commission.
Courts normally deferring became obsolete by the June opinion. The interpretations of laws and Crypto Regulations that are provided by agencies. Instead, it required agencies to “exercise their independent judgment,” which suggests. Judges may vary their approach to cases that involve. The Securities and Exchange Commission (SEC) includes digital assets.
SEC and CFTC eye more crypto lawsuits in 2025.
It is anticipated that the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will press forward with several court lawsuits against cryptocurrency companies in 2025.
A year after sentencing former executives of FTX and putting Changpeng Zhao. The former CEO of Binance is in prison for four months. The United States authorities will now investigate the criminal cases against Alex Mashinsky. The former CEO of Celsius, and Do Kwon, the co-founder. Terraform Labs, whose expulsion from Montenegro took place not long ago.
Trump suggests the SEC DOJ leadership shifts.
The United States Attorney’s Office in New York handles this. A large number of civil and criminal prosecutions against Crypto Regulations and executives. Possible agencies subject to a leadership transition include the Commodity Futures Trading Commission and the Securities and Exchange Commission.
Donald Trump has previously advocated replacing Gensler as the Chair. The Securities and Exchange Commission with former Commissioner Paul Atkin and Damian Williams with Jay Clayton. The United States Attorney for the Southern District of New York.
[sp_easyaccordion id=”3576″]
