The SEC reshuffles crypto lawsuits – are they on the threat of legal victory?

The SEC has suspended lawsuits against Binance and Coinbase, sparking speculation about whether Ripple is next.

Will the code crackdown be revealed? The SEC pauses the case, but what about Ripple?

The Securities and Exchange Commission (SEC) prioritizes cryptocurrency cases at imminent court deadlines while suspending others, FOX business journalist Eleanor Terrett reported on February 19 . She shared it on social media platform X. The SEC prioritizes lawsuits at imminent court deadlines. This is one explanation for why they didn’t see a request for a pause in the Ripple and Kraken case. ” The SEC has delayed some lawsuits, but others will continue as planned. Terrett further stated:

Ripple’s next court deadline is April 16th, while Kraken’s appears to be March 31st. The Binance incident was on the ice until April 14th, and until April 11th, Lejilex, Coinbase + Sec have agreed to an extension on the deadlines for the institutions that correspond to Coinbase. I request that I resign until March 14th to file a dialogue appeal.

Some analysts believe the SEC may be preparing for a leadership transition as SEC Chairman Paul Atkins’ candidate for President Donald Trump is approaching confirmation. Terret speculated in another X post. “It is possible that SEC leadership expects Donald Trump to expect Chairman Paul Atkins to be confirmed by then.” Regarding Atkins’ confirmation timeline, Terrett said: “There is no specific date yet… I’m not saying the timeline is the same, but for reference, Gensler held a hearing in March 2021 and was confirmed in April. ”

The SEC recently agreed to suspend a 60-day lawsuit against Binance following a joint request citing the potential impact of the newly formed SEC Crypto Task Force. The task force, led by Commissioner Hester Perth, aims to develop a clearer regulatory framework for cryptocurrencies. The suspension reflects a broader move towards a more crypto-friendly stance under President Donald Trump’s administration, which seeks to position the United States as a global hub for the industry. Additionally, the committee agreed to suspend the lawsuit against Coinbase Inc. This decision allows Coinbase to appeal previous rulings that rejected the motion to dismiss the SEC case.

Terret concluded:

In the interim, the Cryptocratic Task Force, Congress and the Presidential Working Group on Digital Assets are likely working to close the regulatory gaps in which these cases were brought in to begin with.

In January, President Trump signed an executive order to establish a Presidential Working Group on Digital Asset Markets, developing a federal regulatory framework for digital assets and assessing the creation of Bitcoin stockpiles across the country. Chaired by White House AI and Crypto Czar David Sacks, the initiative includes key figures such as the Treasury Secretary and the SEC Chairman. These actions underscore the administration’s commitment to positioning the United States as a leader in the digital asset economy.