There have been speculations on why the XRP lawsuit involving the US Securities and Exchange Commission (SEC) and Ripple hasn’t been puased just like the Binance and Coinbase case. Now, FOX Journalist Eleanor Terrett has supplied insights into why the Commission hasn’t requested for a pause in its long-running authorized battle in opposition to the crypto agency.
XRP Lawsuit: Why The Ripple SEC Case Isn’t Yet On Hold
In an X post, Terrett supplied insights into why the XRP lawsuit remains to be ongoing with the SEC, and Ripple but to request a pause. Citing a number of authorized sources, she revealed that the Commission has been prioritizing circumstances with imminent courtroom deadlines.
The journalist famous that this might clarify why there hasn’t been a pause request within the Ripple SEC case. She additional remarked that Ripple’s subsequent courtroom deadline is April 16, when the crypto agency has to file its opening transient.
Therefore, the SEC and Ripple is probably not in a rush to file a request for a pause within the case for the reason that subsequent deadline remains to be far off. This is not like the SEC’s in opposition to Coinbase, during which the Commission filed a request for an extension on the deadline for it to answer the change’s request to depart to file an interlocutory enchantment.
Meanwhile, previous to that, the SEC and Binance had additionally agreed to a 60-day pause on their authorized battle to present them time to discover a doable settlement.
Regarding the XRP lawsuit, Terrett additionally opined that the SEC management could also be anticipating the US Senate to substantiate Donald Trump’s nominee for the SEC Chair, Paul Atkins, earlier than the following deadline within the Ripple SEC case.
She added that, within the meantime, the crypto activity drive, Congress, and the Presidential Working Group on Digital Assets are presumably working to fill the regulatory gaps that prompted these lawsuits within the first place.
Former SEC Lawyer Makes Bold Prediction
Before now, former SEC lawyer John Reed Stark had predicted that the XRP lawsuit may finish quickly. He made this prediction whereas alluding to the pause within the Commission’s case in opposition to Coinbase.
According to him, the SEC’s enchantment in opposition to Ripple will probably pause quickly, identical to the Coinbase and Binance circumstances. The authorized professional asserted that the Commission’s crypto enforcement is “as dead as Julius Caesar.” In line with this, he remarked that the Commission would pause or, much more probably, withdraw all crypto-related appeals, together with the Ripple case.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has lined subjects that minimize throughout DeFi, NFTs, good contracts, and blockchain interoperability, amongst others. Boluwatife has a knack for simplifying essentially the most technical ideas and making it straightforward for crypto newbies to know. Away from writing, He is an avid basketball lover and a part-time degen.
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