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The US Securities and Exchange Commission (SEC) may soon pull back from its legal battles with crypto firms, according to John Reed Stark, a former SEC attorney.
Stark, who previously led the SEC’s Office of Internet Enforcement, believes all ongoing investigations—both formal and informal—are likely to stall, including the agency’s long-running case against Ripple.
The former attorney stated in a February 18 post on X that he expects the SEC to instruct its trial unit to either pause all crypto-related cases or settle them on terms favorable to the companies involved.
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Recent court decisions align with this possibility. In January, a judge ruled that the SEC’s lawsuit against Coinbase
$2.1B
must be paused until an appeals court weighs in.
Meanwhile, in February, a judge approved a request from the SEC and Binance
$7.34B
to delay proceedings for 60 days.
He also expects the legal battle over Ripple to be delayed or withdrawn entirely, though he did not specify a timeline beyond saying it could happen “soon”.
Another sign of shifting priorities at the SEC is the reassignment of Jorge Tenreiro, a lawyer in major crypto cases, to the agency’s information technology division. Along with this, the SEC has reassigned more than 50 lawyers and staff members.
The SEC recently reviewed how cryptocurrency projects were handled in the past. What is the aim of this action? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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