Marc Fagel, a former SEC lawyer, discussed how new SEC leadership could affect ongoing crypto lawsuits, particularly the Ripple case. He noted that while new administrations typically don’t interfere with current enforcement actions, they may change priorities for future cases.
Fagel emphasized that enforcement actions are generally apolitical, but a pro-crypto administration might influence settlements or appeals. This could smoothen outcomes for Ripple, Binance, and Coinbase.
The SEC, under Chairman Gary Gensler, has intensified crypto enforcement due to major fraud cases like FTX and Celsius. Fagel warned that a less aggressive approach could backfire if new scandals arise.
Overall, the discussion highlights the delicate balance between regulation and innovation in the crypto space.
