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XRP Lawsuit To End Soon? SEC Prepares For ‘Potential’ Shutdown
The United States Securities and Exchange Commission (SEC) is preparing for a potential government shutdown, as the deadline for funding approaches. The agency has stated that it will prioritize essential functions such as market integrity and investor protection if a shutdown occurs.
It’s worth noting that any non-essential operations may be paused or halted during this time. This news comes at an interesting time, as Ripple is in the midst of a lawsuit with the SEC over XRP. It’s unclear how these cases will be affected by the potential shutdown.
In related news, Attorney Jeremy Hogan has taken to Twitter to express his concerns about the impending shutdown and its potential impact on ongoing lawsuits. He took to Twitter, stating that “Now might be a smart time to file for stays on all non-fraud litigation with no imminent investor harm. In fact, with both the looming shutdown AND incoming New administration, that might be the only ethical thing to do.”
The SEC is expected to maintain some level of operation during the potential government shutdown, including the EDGAR database remaining available. However, this does not mean that all non-essential operations will continue uninterrupted.
It’s important to keep in mind that while these developments are significant for the financial markets and related industries, their impact on ongoing lawsuits remains unclear at present.
Source: coinpedia.org
