Ripple CEO Reacts to SEC’s Unexpected Move – A Shift in
Regulatory Approach? 🚀
$XRP Ripple CEO Brad Garlinghouse has weighed in on the SEC’s unexpected decision to drop its case against Coinbase, signaling a potential shift in the agency’s regulatory stance. According to Garlinghouse, the SEC appears to be moving swiftly away from the "regulation by enforcement" tactics of the previous administration.
"Needless to say (and I know many, including myself, are eager for clarity!), this SEC has shown a distinct intention to move forward rapidly from the failed strategies of its predecessors," he remarked.
SEC Drops Coinbase Case – What It Means for Crypto Regulation
As Coinbase CEO Brian Armstrong confirmed, the SEC has abandoned its legal action against the top U.S. exchange without imposing any fines or requiring concessions. This surprising turn of events suggests a change in regulatory direction. Legal expert Jeremy Hogan pointed out that the case was dismissed with prejudice, meaning it could technically be reopened in the future—though that seems unlikely at this stage.
Hogan also noted that the SEC appears to be making bold crypto-related decisions even before Commissioner Atkins is confirmed, indicating a new, more decisive approach by the agency.
Could Ripple Be Next in Line?
Speculation is growing about whether Ripple will be the next beneficiary of this regulatory shift. Former SEC official John Reed Stark has predicted that the SEC’s appeal against Ripple could soon be withdrawn. Legal analysts, including Hogan, believe that the case might be on the verge of being dropped.
One possible reason the SEC hasn’t yet abandoned the Ripple lawsuit is its prioritization of cases with imminent deadlines. With the agency having filed its opening brief last month, Ripple has requested an extension until April 16 to submit its response. While nothing is confirmed yet, the recent Coinbase decision has sparked optimism that Ripple could soon see a similar resolution.
#CryptoRegulation #SECDropCase #Coinbase #CryptoNews 🚀