{"id":2983,"date":"2025-02-21T20:17:14","date_gmt":"2025-02-21T20:17:14","guid":{"rendered":"https:\/\/ourcryptoworld.com\/sec-faces-critical-deadlines-in-major-crypto-cases-as-agency-shifts-direction\/"},"modified":"2025-02-21T20:17:14","modified_gmt":"2025-02-21T20:17:14","slug":"sec-faces-critical-deadlines-in-major-crypto-cases-as-agency-shifts-direction","status":"publish","type":"post","link":"https:\/\/ourcryptoworld.com\/el\/crypto-news\/sec-faces-critical-deadlines-in-major-crypto-cases-as-agency-shifts-direction\/","title":{"rendered":"SEC Faces Critical Deadlines in Major Crypto Cases as Agency Shifts Direction"},"content":{"rendered":"<h5><strong>The United States Securities and Exchange Commission may be prioritizing crypto litigation as some big court deadlines approach.\u00a0<\/strong><\/h5>\n<p>The financial regulator also appears to be easing up or pausing its rafts of ongoing litigation against crypto companies. However, those with imminent deadlines may still be on the table.<\/p>\n<blockquote>\n<p>\u201cI\u2019m told by multiple legal sources that the SEC has been prioritizing cases with imminent court deadlines, which is one explanation for why we haven\u2019t seen pause requests in the Ripple and Kraken cases,\u201d reported Fox Business\u2019s Eleanor Terrett on Feb. 19.<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/cryptopotato.com\/ripple-v-sec-settlement-expected-before-xrp-etf-approval-says-expert\/\" data-wpel-link=\"internal\">Ripple\u2019s<\/a> next court deadline is April 16, Kraken\u2019s is March 31, and the Binance case has been paused until April 1, she added.<\/p>\n<p>Terrett suggested that the agency could be waiting for the confirmation and placement of Paul Atkins as chair.<\/p>\n<blockquote>\n<p>\u201cIn the interim, the crypto task force, Congress, and the Presidential Working Group on Digital Assets are presumably working to fill the regulatory gaps that led to these lawsuits being brought in the first place,\u201d she said.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">NEW: On the <a href=\"https:\/\/twitter.com\/SECGov?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">@SECGov<\/a> pausing ongoing litigation against <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#crypto<\/a> firms \u2014 I\u2019m told by multiple legal sources that the SEC has been prioritizing cases with imminent court deadlines, which is one explanation for why we haven\u2019t seen pause requests in the <a href=\"https:\/\/twitter.com\/Ripple?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">@Ripple<\/a> and <a href=\"https:\/\/twitter.com\/krakenfx?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">@krakenfx<\/a> cases.\u2026<\/p>\n<p>\u2014 Eleanor Terrett (@EleanorTerrett) <a href=\"https:\/\/twitter.com\/EleanorTerrett\/status\/1892245874832711753?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">February 19, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Trump Rails on the SEC<\/h2>\n<p>President Trump has pushed for deregulation of the crypto industry, arguing that it has been <a href=\"https:\/\/cryptopotato.com\/trump-declares-end-to-bidens-crypto-policies\/\" data-wpel-link=\"internal\">hindered<\/a> by onerous regulations and excessive regulatory burdens.<\/p>\n<blockquote>\n<p>\u201cSo-called independent agencies like the SEC have exercised enormous power over the American people without Presidential oversight,\u201d he <a href=\"https:\/\/www.whitehouse.gov\/fact-sheets\/2025\/02\/fact-sheet-president-donald-j-trump-reins-in-independent-agencies-to-restore-a-government-that-answers-to-the-american-people\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">said<\/a> earlier this week.<\/p>\n<p>\u201cThese agencies issue rules and regulations that cost billions of dollars and implicate some of the most controversial policy matters. Now they will no longer impose rules on the American people without oversight or accountability,\u201d<\/p>\n<\/blockquote>\n<p>This week, the SEC <a href=\"https:\/\/cryptopotato.com\/sec-withdraws-appeal-in-defi-dealer-classification-case\/\" data-wpel-link=\"internal\">dropped its appeal<\/a> in a significant legal case involving crypto regulation, specifically withdrawing from a battle over a rule that would have broadly expanded the definition of regulated securities dealers.<\/p>\n<p>Also this week, the US Department of Government Efficiency (DOGE), led by Elon Musk, posted a call to action on X seeking help from the public with \u201cinsights on finding and fixing waste, fraud, and abuse relating to the SEC,\u201d in ongoing efforts to defang the regulator.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">DOGE is seeking help from the public! Please DM this account with insights on finding and fixing waste, fraud and abuse relating to the Securities and Exchange Commission.<\/p>\n<p>\u2014 DOGE SEC (@DOGE_SEC) <a href=\"https:\/\/twitter.com\/DOGE_SEC\/status\/1891519437951365238?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">February 17, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>New Crypto Crime Unit<\/h2>\n<p>On Feb. 20, the SEC announced a new \u201cCyber and Emerging Technologies Unit\u201d with the aim of protecting retail investors.<\/p>\n<p>The downsized crypto enforcement unit has been restructured into a broader cyber fraud team led by SEC attorney Laura D&#8217;Allaird. It will have about 30 staff members and will focus on various forms of cyber-related fraud, including those involving social media, AI, and blockchain, <a href=\"https:\/\/www.sec.gov\/newsroom\/press-releases\/2025-42\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">according<\/a> to the regulator.<\/p>\n<blockquote>\n<p>\u201cUnder Laura\u2019s leadership, this new unit will complement the work of the Crypto Task Force led by Commissioner Hester Peirce,\u201d said acting Chairman Mark Uyeda.<\/p>\n<\/blockquote>\n<p>This change signals a shift from the SEC\u2019s previous aggressive stance on crypto under Gary Gensler, who had pursued hundreds of enforcement actions.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/sec-faces-critical-deadlines-in-major-crypto-cases-as-agency-shifts-direction\/\" rel=\"nofollow\">SEC Faces Critical Deadlines in Major Crypto Cases as Agency Shifts Direction<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The United States Securities and Exchange Commission may be prioritizing crypto litigation as some big court deadlines approach.\u00a0 The financial regulator also appears to be easing up or pausing its rafts of ongoing litigation against crypto companies. However, those with imminent deadlines may still be on the table. \u201cI\u2019m told by multiple legal sources that the SEC has been prioritizing cases with imminent court deadlines, which is one explanation for why we haven\u2019t seen pause requests in the Ripple and Kraken cases,\u201d reported Fox Business\u2019s Eleanor Terrett on Feb. 19. Ripple\u2019s next court deadline is April 16, Kraken\u2019s is March 31, and the Binance case has been paused until April 1, she added. Terrett suggested that the agency could be waiting for the confirmation and placement of Paul Atkins as chair. \u201cIn the interim, the crypto task force, Congress, and the Presidential Working Group on Digital Assets are presumably working to fill the regulatory gaps that led to these lawsuits being brought in the first place,\u201d she said. NEW: On the @SECGov pausing ongoing litigation against #crypto firms \u2014 I\u2019m told by multiple legal sources that the SEC has been prioritizing cases with imminent court deadlines, which is one explanation for why we haven\u2019t seen pause requests in the @Ripple and @krakenfx cases.\u2026 \u2014 Eleanor Terrett (@EleanorTerrett) February 19, 2025 Trump Rails on the SEC President Trump has pushed for deregulation of the crypto industry, arguing that it has been hindered by onerous regulations and excessive regulatory burdens. \u201cSo-called independent agencies like the SEC have exercised enormous power over the American people without Presidential oversight,\u201d he said earlier this week. \u201cThese agencies issue rules and regulations that cost billions of dollars and implicate some of the most controversial policy matters. Now they will no longer impose rules on the American people without oversight or accountability,\u201d This week, the SEC dropped its appeal in a significant legal case involving crypto regulation, specifically withdrawing from a battle over a rule that would have broadly expanded the definition of regulated securities dealers. Also this week, the US Department of Government Efficiency (DOGE), led by Elon Musk, posted a call to action on X seeking help from the public with \u201cinsights on finding and fixing waste, fraud, and abuse relating to the SEC,\u201d in ongoing efforts to defang the regulator. DOGE is seeking help from the public! Please DM this account with insights on finding and fixing waste, fraud and abuse relating to the Securities and Exchange Commission. \u2014 DOGE SEC (@DOGE_SEC) February 17, 2025 New Crypto Crime Unit On Feb. 20, the SEC announced a new \u201cCyber and Emerging Technologies Unit\u201d with the aim of protecting retail investors. The downsized crypto enforcement unit has been restructured into a broader cyber fraud team led by SEC attorney Laura D&#8217;Allaird. It will have about 30 staff members and will focus on various forms of cyber-related fraud, including those involving social media, AI, and blockchain, according to the regulator. \u201cUnder Laura\u2019s leadership, this new unit will complement the work of the Crypto Task Force led by Commissioner Hester Peirce,\u201d said acting Chairman Mark Uyeda. This change signals a shift from the SEC\u2019s previous aggressive stance on crypto under Gary Gensler, who had pursued hundreds of enforcement actions. The post SEC Faces Critical Deadlines in Major Crypto Cases as Agency Shifts Direction appeared first on CryptoPotato.<\/p>","protected":false},"author":1,"featured_media":2984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[51,68,150],"channels-categories":[],"class_list":["post-2983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-crypto-news","tag-donald-trump","tag-regulations"],"uagb_featured_image_src":{"full":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC.jpg",1572,1048,false],"thumbnail":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-150x150.jpg",150,150,true],"medium":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-300x200.jpg",300,200,true],"medium_large":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-768x512.jpg",768,512,true],"large":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-1024x683.jpg",1024,683,true],"1536x1536":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-1536x1024.jpg",1536,1024,true],"2048x2048":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC.jpg",1572,1048,false],"trp-custom-language-flag":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-18x12.jpg",18,12,true],"post-thumbnail":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-370x265.jpg",370,265,true],"kava-thumb-s":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-150x85.jpg",150,85,true],"kava-thumb-s-2":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-230x230.jpg",230,230,true],"kava-thumb-m":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-400x400.jpg",400,400,true],"kava-thumb-m-vertical":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-370x500.jpg",370,500,true],"kava-thumb-m-2":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-570x450.jpg",570,450,true],"kava-thumb-l":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-1170x650.jpg",1170,650,true],"kava-thumb-xl":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC.jpg",1572,1048,false],"kava-thumb-masonry":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-600x400.jpg",600,400,true],"kava-thumb-justify":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-640x640.jpg",640,640,true],"kava-thumb-justify-2":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-1280x640.jpg",1280,640,true],"woocommerce_thumbnail":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-500x333.jpg",500,333,true],"woocommerce_single":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-700x467.jpg",700,467,true],"woocommerce_gallery_thumbnail":["https:\/\/ourcryptoworld.com\/wp-content\/uploads\/2025\/02\/TheSEC-100x100.jpg",100,100,true]},"uagb_author_info":{"display_name":"crypto","author_link":"https:\/\/ourcryptoworld.com\/el\/author\/crypto\/"},"uagb_comment_info":0,"uagb_excerpt":"The United States Securities and Exchange Commission may be prioritizing crypto litigation as some big court deadlines approach.\u00a0 The financial regulator also appears to be easing up or pausing its rafts of ongoing litigation against crypto companies. However, those with imminent deadlines may still be on the table. \u201cI\u2019m told by multiple legal sources that&hellip;","_links":{"self":[{"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/posts\/2983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/comments?post=2983"}],"version-history":[{"count":0,"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/posts\/2983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/media\/2984"}],"wp:attachment":[{"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/media?parent=2983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/categories?post=2983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/tags?post=2983"},{"taxonomy":"channels-categories","embeddable":true,"href":"https:\/\/ourcryptoworld.com\/el\/wp-json\/wp\/v2\/channels-categories?post=2983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}