Opinion: Could Kamala Harris Have an Impact on the Ripple vs. SEC Lawsuit? Insights from MetaLawMan
Lawyer James Murphy, known as MetaLawMan, speculates on when the Ripple vs. SEC lawsuit might end, following billionaire investor Mark Cuban’s hint at Kamala Harris possibly taking a more favorable stance on cryptocurrency. This discussion has sparked conversations within the XRP community.
Here’s What Can End XRP Lawsuit!
The XRP lawsuit has garnered significant attention in the crypto world, with Mark Cuban reportedly being approached by Kamala Harris’s team for insights on crypto. MetaLawMan’s comment has added fuel to the fire, suggesting that if Kamala Harris leans towards a crypto-friendly stance, it could result in the dismissal of ongoing XRP lawsuit and other cases against crypto firms.
James Murphy outlined several steps for a genuine crypto pivot, such as replacing SEC Chair Gary Gensler, halting Operation Chokepoint 2.0, and dropping cases against major crypto firms like Ripple, Coinbase, Kraken, and Binance. He also proposed signing a bill to repeal SAB121 and granting Custodia Bank a Federal Reserve master account to establish crypto-friendly policies.
Kamala Harris and the Future of Crypto Regulation
Mark Cuban hinted at Kamala Harris potentially adopting a more favorable approach to crypto regulations, indicating a shift towards openness to innovation. While Cuban heard rumors about Harris embracing AI, cryptocurrency, and innovative governance, it wasn’t confirmed directly by her.
If these policies materialize, it could spell the end of XRP lawsuits and other legal battles against crypto firms, representing a significant victory for crypto assets.
Politics Over Crypto
All eyes are on the Bitcoin Conference 2024, where both Donald Trump and Kamala Harris are slated to discuss crypto policies. Bitcoin Magazine CEO David Bailey mentioned talks with Harris’s campaign, suggesting it might be a strategic move to redefine the Democrats’ stance on crypto. However, Gemini Co-founder Tyler Winklevoss questioned Vice President Kamala Harris’s pro-crypto stance, deeming it too late to take a stand.
Pro-XRP lawyer Bill Morgan views this as a positive development, indicating a willingness to embrace new crypto policies. Nonetheless, some users remain skeptical due to the administration’s historical anti-crypto stance.
Crypto Reaction
Despite some skepticism, the news has instilled market confidence, fueling discussions on a potential shift in US policy towards crypto firms and the potential resolution of the XRP lawsuit. Harris’s involvement could signify a significant turning point in the crypto landscape, leading to a more favorable regulatory climate and possibly ending the longstanding legal battle between Ripple and SEC.
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