Former SEC official John Reed Stark suggests that the SEC may dismiss the lawsuit against Ripple, following its recent trend of dropping appeals and enforcement actions against crypto businesses. The SEC has dismissed several cases and appeals, citing concerns about liquidity and volatility in the Treasury market. Stark believes that the SEC aims to pause crypto-related litigations until its internal crypto task force concludes its assessment and provides a regulatory framework for crypto. While the SEC has not publicly revealed its plans for the Ripple case, experts speculate that the parties could agree to reduce the penalty before dismissing the case.



Other News from Today