SEC Never Loses? Veteran Labels Ripple Case Mixed Verdict

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SEC veteran Marc Fagel delivers remarks on cryptocurrency enforcement and mixed verdict in Ripple case

has appointed a new director of the Chicago Regional Office, the commission’s second-largest regional office. Amid the backdrop of this appointment, the ongoing discourse around cryptocurrency regulation has been reignited.Crypto enthusiasts quickly questioned the new director's stance on crypto, hinting at the pervasive uncertainty within the industry about regulatory attitudes.

The SEC has yet to lose a crypto enforcement action on the merits ; so the courts say you're wrong.Fagel countered this criticism by emphasizing the SEC's track record in crypto enforcement actions, noting that the SEC has yet to lose a case on the merits. He acknowledged that the The Ripple case, presided over by Judge Analisa Torres, has been particularly significant.

 

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