Ripple's CEO, *Brad Garlinghouse*, has spoken out about the *SEC's decision* to drop its case against a major US exchange, calling it a significant shift from the policies of the previous administration. ๐ง
Garlinghouse expressed that the *new SEC* seems eager to move on from the *failed regulation-by-enforcement* tactics that were part of the last administration. He added that, as someone who's been waiting for progress himself, he believes the current SEC is demonstrating a clear interest in making fast moves. โฉ
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*What Happened?* ๐ค
The SEC *dropped its case* against the leading exchange, which was a big surprise. Not only did the case get dismissed, but the exchange wonโt have to pay any fines or make any concessions! ๐ This was unexpected, as many in the industry thought the SEC would continue its aggressive stance against crypto exchanges.
*Attorney Jeremy Hogan* pointed out that the case was dismissed *with prejudice*, meaning it can be *re-filed later*, though that seems unlikely for now. ๐ He also mentioned that the SEC isn't waiting for someone to be confirmed before taking action on crypto.
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*What Does This Mean for Ripple?* ๐คทโโ๏ธ
With this surprising move, many are now wondering if *Ripple* could be next. Could the SEC drop its case against Ripple as well? ๐ฎ
*John Reed Stark*, a former SEC official, believes the SEC will *withdraw its appeal* against Ripple in the near future. This sentiment is echoed by *Jeremy Hogan*, who thinks the case could be dropped โsoon.โ ๐
It seems that the SEC is prioritizing cases with imminent deadlines, which might explain the delay in the Ripple case. Ripple recently filed its *opening brief*, and theyโre expected to file a *cross-appeal* by April 16th. โณ
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*The Bottom Line* ๐ฌ
While the *SEC's decision* to drop the case against the exchange is a surprise, it also opens the door for *optimism* in the crypto industry. The shift in the SEC's approach could mean that *Ripple's case* might be dismissed sooner than expected. ๐
The industry is watching closely, and *Ripple* holders are hoping that the same favorable outcome comes their way soon! ๐ค
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