Former SEC official John Reed Stark believes that the U.S. Securities and Exchange Commission (SEC) is unlikely to bring cases against the cryptocurrency industry in the future. Stuart Alderoty, Ripple's chief legal officer, has called for SEC Chair Gary Gensler to step down voluntarily. While Gensler's term is expected to end in early 2025, there are predictions that he will resign sooner. Dan Gallagher, Robinhood's top lawyer, is rumored to be a top candidate to replace Gensler, and legal expert Jeremy Hogan predicts that the new SEC head will likely drop non-fraud cryptocurrency cases. Hogan also predicts that the ongoing Ripple and Coinbase cases will be settled or dismissed, with the Ripple case settling for $125 million.
- Content Editor ( u.today )
- 2024-11-08
SEC Is "Done," Former Official Says