Ripple CEO Brad Garlinghouse commented on the SEC's decision to drop the Coinbase case, suggesting that the agency is quickly moving away from the regulatory policies of the previous administration. Coinbase will not face any penalties or concessions. Attorney Jeremy Hogan noted that the case was dismissed with prejudice, leaving open the possibility of it being refiled in the future. Industry participants were surprised by the decision, as the new SEC administration was expected to be more crypto-friendly. Former SEC official John Reed Stark and Hogan predicted that the appeal against Ripple would also be withdrawn soon. The SEC may be prioritizing cases with imminent deadlines, which could explain the delay in dropping the Ripple case.



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