Ripple And SEC Set to Resolve Legal Dispute in 2024, Says Ripple CLO
Ripple’s chief legal officer, Stu Alderoty, has made three predictions on crypto regulations that could impact investor confidence in 2024. In a recent post by Ripple, Alderoty shared his forecasts on policy and US regulations for the upcoming year. Firstly, he expects the ongoing court case between Ripple and the US Securities and Exchange Commission (SEC) to conclude in 2024. Despite a partial victory for Ripple in a recent ruling, Alderoty believes the SEC will continue its enforcement action against key players in the crypto space.
Judiciary to Limit SEC’s Regulatory Power
Alderoty’s second prediction focuses on US crypto regulations and suggests that the judiciary will continue to curtail the SEC’s excessive control over the industry. This could result in more losses for the commission in court cases against Ripple and other entities. However, this may eventually lead to intervention by the US Supreme Court, introducing various possibilities for the future of crypto regulation.
No Consensus on Crypto Regulatory Framework
Alderoty’s final prediction revolves around legislative action by the US Congress. While he believes lawmakers will agree on the need for a crypto regulatory framework, he anticipates disagreements over specific measures and regulations, making it difficult to take action.
Hot Take: Ripple CLO Projects Resolution of Legal Battle with SEC in 2024
Ripple’s chief legal officer predicts that the legal dispute between Ripple and the SEC will come to an end in 2024. Additionally, he foresees limitations being imposed on the SEC’s regulatory power by the judiciary. However, reaching a consensus on a regulatory framework among US lawmakers may prove challenging. These projections have significant implications for the crypto market and could impact investor confidence in the year ahead.
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