Former SEC lawyer Marc Fagel has suggested that the US Securities and Exchange Commission (SEC) may be awaiting a ruling in the Ripple lawsuit before taking legal action against Coinbase. Fagel noted that it typically takes 30-60 days after a Wells submission is received for an enforcement action to be filed, and the submission was made around April 19. The SEC had issued a Wells Notice to Coinbase in March, alleging violations of federal securities laws. Ripple has been in a legal battle with the SEC for over two years, with a summary judgment decision expected imminently.
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Former SEC Lawyer Reveals Possible Reasons for Delay in Enforcement Action Against Coinbase Amid Ripple Lawsuit
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Nobel laureate in economics: Stablecoins are “under-regulated” and governments could be forced to provide billions of dollars in bailouts if they collapse in a financial crisis
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Trump pledges to fire SEC Chair Gary Gensler ‘on day one’ if reelected
The Republican candidate laid out a plan for crypto policies should he win in November against prospective Democratic presidential nominee Kamala Harris.
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