GuShiio.com learned that Fox Business reporter Eleanor Terrett tweeted that several legal sources revealed that the U.S. Securities and Exchange Commission (SEC) suspended litigation against cryptocurrency companies mainly because the agency prioritized court cases that are about to expire, which is why no suspension request has been filed in the Ripple and Kraken cases. The move may be related to the confirmation progress of Paul Atkins, President Trump’s nominee for SEC chairman. During this period, the Cryptocurrency Working Group, the Congressional and Presidential Working Group on Digital Assets are expected to be filling the regulatory gap that led to these lawsuits.
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