Will Biden’s Involvement in the Ripple vs. SEC Case Influence the Outcome in Favor of XRP?

The ongoing Ripple vs. SEC lawsuit could be affected by the upcoming US elections, according to James “MetaLawMan” Murphy, a legal expert from Murphy & McGonigle law firm. He believes that settling with the SEC at this point may not be the best strategy for Ripple. Instead, he suggests waiting to see the outcome of the elections, as a change in leadership within the SEC could have a significant impact on the legal proceedings. Murphy also notes that the Biden administration’s stance on crypto, which is more inclusive compared to Trump’s pro-crypto stance, might influence the SEC’s negotiation approach, but it will not directly affect the court’s decision. He emphasizes the importance of proceeding with caution and not rushing into settlements with the current SEC. Murphy also mentions the potential for a more open-minded leadership within the SEC, similar to Hester Peirce, who could dismiss crypto cases that lack evidence of fraud or victims. Overall, he provides a seasoned perspective on how the regulatory shifts under the Biden administration might affect the Ripple vs. SEC lawsuit and the crypto landscape in general.