The chief legal officers of Ripple and Coinbase have criticized the Securities and Exchange Commission's (SEC) habit of filing "follow-on" actions after the Department of Justice (DOJ), stating that it is a major waste of resources. They argue that these actions add minimal value, often result in uncollectible penalties, and are more about media headlines than investor protection. The SEC frequently files civil complaints that mirror criminal charges by the DOJ, such as in the FTX and Coinbase insider trading cases. The Ripple executive and Coinbase's legal officer recommend that the SEC focus on its core mission and abandon non-fraud cryptocurrency cases. Former SEC official John Reed Stark has also suggested that the agency's appeal against Ripple is likely to be dropped.



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