It's extremely unlikely that changes in SEC leadership will have any impact on the Ripple case.
Given Comm'r Peirce's conspicuous silence, I'd guess the vote was unanimous in favor of filing.
Regardless, the case is being prosecuted by enforcement lawyers who are here to stay.
Given Comm'r Peirce's conspicuous silence, I'd guess the vote was unanimous in favor of filing.
Regardless, the case is being prosecuted by enforcement lawyers who are here to stay.
To clarify the point re: Comm'r Peirce, she's often vocal when she disagrees with her colleagues on enforcement (e.g., Kik, Unikrn).
That she hasn't commented may suggest she approved. OTOH, it may be inappropriate to speak up while charges are pending, so it might mean nothing.
That she hasn't commented may suggest she approved. OTOH, it may be inappropriate to speak up while charges are pending, so it might mean nothing.
Even so, she's the only one who's shown interest in voting not to approve crypto enforcement actions. You can see the results of Commission votes on district court actions here (after they're resolved): sec.gov/about/commissi….
You'll struggle to find "no" votes other than hers.
You'll struggle to find "no" votes other than hers.
Even without Jay Clayton, the majority of Commissioners have still voted to approve every action the Enforcement Division's proposed. There's no reason to believe he was a swing vote on this.
Anyway, it'd be a real shock for the SEC to bring a case & then abandon it weeks later.
Anyway, it'd be a real shock for the SEC to bring a case & then abandon it weeks later.
Beyond that, it's a mistake to focus only on leadership & minimize the enforcement lawyers working the case.
Jay Clayton's name isn't on the complaint. This comes from other high-ranking officials (Richard Best, Jorge Tenreiro, etc.) & their team, who are surely committed to it.
Jay Clayton's name isn't on the complaint. This comes from other high-ranking officials (Richard Best, Jorge Tenreiro, etc.) & their team, who are surely committed to it.
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