Crypto journalist Eleanor Terrett has provided insight into why the US Securities and Exchange Commission (SEC), which has become more crypto-friendly under the Donald Trump administration, has not stopped filing lawsuits against some crypto companies.
Terrett explained that, according to multiple legal sources, the SEC prioritizes cases with imminent court dates. This explains why there have been no stays in the ongoing Ripple and Kraken cases. Ripple’s next court date is set for April 16, while Kraken faces a significant deadline on March 31.
Meanwhile, the Binance case was postponed to April 14, the Lejilex case was postponed to April 11, and Coinbase reached an agreement with the SEC to extend the deadline to respond to the agency’s request to file an interim appeal until March 14.
There is speculation that the SEC leadership expects Trump’s SEC chair nominee, Paul Atkins, to be confirmed by then. During this transition period, the crypto task force, Congress, and the Presidential Working Group on Digital Assets are reportedly working to address the regulatory gaps that led to these lawsuits in the first place.
*This is not investment advice.
