The SEC recently made great steps by abandoning its file against Coinbase and by arresting the case against Binance, reporting a change in the agency’s approach. Coinbase confirmed the dismissal of the case and the SEC also decided to remove its file against the Opensea NFT platform. However, the agency still has current affairs against Kraken Exchange, Uniswap and Robinhood, with the opinions of Wells already issued. The market provides for positive dry updates, because any resolution would remove uncertainty and help stabilize the cryptography market.
Ripple box and future dry plans
While the market is impatiently awaiting the conclusion of the case of undulation, it should take more time, some specifying with the dry may suspend certain aspects of the case before taking other measures. The SEC has also reduced its efforts to apply the crypto, in particular by reallocating the staff of its special application unit. These changes report a more balanced approach to regulation and could indicate a better future for cryptographic markets.
Despite the current cases, things are directed in the right direction, and many believe that the abolition of these cases will benefit the global market. Once the uncertainty concerning the classification of titles is discussed, prices are likely to increase as the market takes clarity.
Lawyer Jeremy Hogan suggests that the dry could interrupt certain parts of the Ripple case, like not to make calls, which would be a positive sign that they work to pack it, although it could take a while . This week, we could see positive news, even if it is only a signal that the dry plans to conclude its actions with Ripple.
The former lawyer of the dry, Marc Fagel, said that if the dry drops his own call while Ripple had been interrupted, it would constitute a legal professional fault. He also pointed out that not to receive a penalty of $ 125 million, according to which a federal court tried for having violated the law, is in the same way. Fagel believes that a regulation, perhaps adapting to the conditions of summary judgment, is the most likely result. When asked if it could extend to August 7, 2025, Fagel replied that this could happen at any time.
