Former SEC Chair John Reed Stark predicts an increase in cryptocurrency crime after a leadership change at the agency. He believes the SEC will drop non-fraud crypto cases, including lawsuits against Binance and Coinbase. Several contenders for the next SEC Chair have emerged, but Stark doubts the cryptocurrency industry will allow Bob Stebbins, who signed off on the Ripple lawsuit, to lead the agency. Gary Gensler's resignation as SEC Chair is imminent, leading to speculation and an XRP price rally.



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