Since January, the SEC has announced it will not pursue enforcement cases against Coinbase, Consensys, Kraken and others.“We do have a judgment, we are on appeal — that presents some additional complexity,” said Alderoty in regard to the case potentially being dropped.“But we remain optimistic that we’ll get to a resolution with the SEC, and if we don’t, we’ll proceed with the appeal.”According to the Ripple CLO, there were several possible outcomes to ending the SEC case if both parties were in agreement that it should wind down. EU retaliatory tariffs threaten Bitcoin correction to $75,000The EU’s latest retaliatory tariffs have deepened macroeconomic uncertainty, prompting crypto analysts to forecast increased volatility for Bitcoin (BTC) prices, which may drop below the critical $75,000 support level.
Ripple chief legal officer Stuart Alderoty told Cointelegraph on March 11 that the SEC civil case was “far more advanced” than many of the others the regulator had dropped following the inauguration of US President Donald Trump and the departure of Chair Gary Gensler.
This may see Bitcoin revisit $75,000, he told Cointelegraph, adding that “given stablecoins and RWAs [real world assets] remain at all-time-highs, it has the potential to rebound.”“I don’t believe that news will have a strong impact for now, but we’ll observe the response on the US end,” he added.
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