Current SEC crypto lawsuits could be dropped, lawyer says
As SEC Chair Gary Gensler's term draws to a close, there is speculation that some ongoing SEC crypto lawsuits may be dropped. Matthew Frankle, a partner at Haynes Boone, suggests that a shift in the SEC's approach could lead to the dismissal of several cases, but acknowledges that it may not be straightforward, especially if underlying fraud is involved. While the new SEC is anticipated to be more crypto-friendly, it does not imply a reduction in regulatory actions. Instead, Frankle believes the focus will shift towards crafting smarter regulations designed for clarity rather than punitive measures against big players in the crypto space. This expectation aligns with a potential transformation in the regulatory dialogue around cryptocurrencies over the upcoming year.
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