The US Securities and Stock Exchange Commission (SEC) seems to have entered into an important change in crypto currency regulations. Recently, while the legal processes carried out with Coinbase and Binance have been temporarily stopped, it is said that it could enter a similar process for the Ripple case. These developments raised serious question marks as to whether the SEC’s sanction program for crypto assets was terminated.
Stunning explanations from the former SEC President
Former SEC President John Reed Stark, said in a statement on social media, SEC’s sanction program on crypto assets actually collapsed. According to Stark, SEC’s “crypto assets and cyber unit” was secretly restructured and called the “Cyber and New Technologies Unit .. Although it is stated in the previous court decisions that crypto assets are considered as securities, it seems unclear how these decisions will be reflected in the implementation as of now. Stark, Binance, Coinbase and probably the “temporary pauses ındaki in Ripple cases actually ended SEC’s sanctions in this field.
Important developments in coinbase and binance cases
There was a critical development in the legal process between Coinbase and SEC. The US Court temporarily suspended the case, allowing Coinbase to apply for interim appeal. This decision is of great importance in terms of clarifying whether crypto assets traded on Coinbase’s platform are subject to existing securities laws. While the SEC was expected to respond until February 14, 2025, the regulatory institution demanded an additional period for additional examination.
A similar development took place on the Binance Front. SEC and Binance made a joint application to stop the ongoing legal process for a two -month period. This will allow SEC to review the regulatory approach to crypto assets. In particular, the SEC’s new “crypto task force ğı can create a new regulatory framework for crypto markets in the future and this may directly affect the Binance case.
Will the Ripple case enter a similar process?
Considering the pause of SEC’s Binance and Coinbase cases, speculation has increased that the Ripple case can follow the same process. Sector experts predict that SEC can request a pause for the Ripple case soon. This is considered a sign of a serious transformation in the harsh regulatory attitude towards crypto money markets.
