evanu

Sooo..what happens to the Ripple v. SEC (and Coinbase case, etc.) next year? Well, I wasn't sure about the nuts/bolts of it all so I listened to a great Space by @JohnReedStark today and the most LIKELY scenario is: 1. Gensler steps down before Jan.20 2. The new head (or interim head) sends out marching orders that all non-fraud crypto cases need to be disposed of. 3. The litigation team looks at each case and recommends to either settle or dismiss each, and brings their reccomendations to the Commisioners who then vote yay or nay (there will now be 3 Rep appointed, so it will "yay"). -My thoughts on specific actions: 4. The Ripple case, or any case with a ruling, will be "settled" for the judgment amount - $125m. It would be...awkward to settle for less than what was already awarded by a Court! 5. The Coinbase and other cases in litigation will simply be dismissed. 6. This will take some time. Not January, but perhaps before summer. That's my call and I'm sticking to it!