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Ripple CEO Reacts to SEC’s Surprising Decision
In a shocking turn of events, the US Securities and Exchange Commission (SEC) has decided to drop its high-profile case against Bybit in relation to a $1.4 billion ETH hack. This unexpected move comes as a surprise to many in the crypto community.
The Ripple CEO, Brad Garlinghouse, has finally broken his silence on the matter, stating that he is “not surprised” by the SEC’s decision. He believes that this development could signal a shift in the regulator’s stance towards crypto and may pave the way for a reevaluation of the Ripple case.
In a statement to U.Today, Garlinghouse emphasized that while he is “pleased” with the Bybit outcome, it does not necessarily mean that Ripple will be next. However, he did express his hope that this decision would signal a change in approach from the SEC, which could have significant implications for the entire crypto market.
It’s worth noting that some industry experts and legal analysts have predicted that the Ripple case may also be dropped or withdrawn soon. According to Jeremy Hogan, an attorney who has been following the case closely, the SEC may prioritize cases with imminent deadlines over Ripple.
Meanwhile, former SEC official John Reed Stark has also predicted that the appeal against Ripple would be withdrawn in the near future. Given these predictions and the recent Bybit decision, many are wondering if this could be a sign of things to come for other crypto-related cases.
Source: u.today
