The XRP community is speculating on whether the SEC will appeal the Ripple lawsuit before the January 15 deadline or request an extension. Pro-XRP lawyer Jeremy Hogan suggests that the SEC should seek a 30-day extension to adapt to the new administration, which may reconsider pursuing the appeal. Ripple's Chief Legal Officer, Stuart Alderoty, also suggests that the agency should wait for guidance from the next administration before proceeding with the lawsuits. The future approach of the SEC to crypto enforcement remains uncertain due to the pending resignation of Chairman Gary Gensler. Industry experts and potentially pro-crypto advocate Paul Atkins, who may replace Gensler, have suggested that the SEC could drop the appeal. The SEC has received criticism from Alderoty for its recent legal actions, particularly in the Binance case, with Alderoty labeling the arguments as outdated and baseless. The filing against Binance has sparked debates about the agency's interpretation of crypto regulations.
- Content Editor ( cryptonewsz.com )
- 2024-12-06
Ripple Lawsuit: SEC's Next Move as January 15 Deadline Nears