The SEC faces a lengthy process in resolving its legal disputes with the crypto industry, even with a potentially industry-friendly leadership. Republicans might influence an SEC shift, but dismissing existing cases requires a commission vote, posing challenges given the current Democratic majority. The Ripple Labs case exemplifies the complexities as it centers on crypto tokens' classification under securities law. Former SEC officials assert that the approach to crypto enforcement largely began under the past administration. New leadership could review ongoing cases but may opt for structured settlements rather than outright dismissals. Coinbase's legal team anticipates a careful reassessment of cases with non-fraud technical issues, while calls for clearer crypto regulations and guidance are noted. The new SEC leadership's stance will significantly impact the future of crypto enforcement and the industry's viability in the U.S., where large financial stakes are involved.

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