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Sujit Kumar
Jan 22, 2025
by Sujit Kumar

SEC to Hold First Meeting Under Mark Uyeda’s Leadership

Mark Uyeda’s Leadership

Table of contents

  1. Ripple Case Remains a Key Focus
  2. Industry Experts Call for Dismissal
  3. Potential Release of Bill Hinman’s Report
The U.S. Securities and Exchange Commission (SEC) is set to hold its first closed meeting since Mark Uyeda took over as acting chair. Scheduled for Thursday, the meeting will include commissioners, legal counsel, and enforcement officials, focusing on litigation claims, administrative proceedings, and regulatory enforcement.

Ripple Case Remains a Key Focus

The meeting follows Judge Torres’s ruling in the SEC vs. Ripple case, which determined that certain XRP distributions do not qualify as securities. Despite this, the SEC has appealed, arguing that the court misinterpreted XRP’s classification when traded on exchanges.

Industry Experts Call for Dismissal

Legal experts, including John Deaton, have urged the SEC to drop the case, citing the changing political landscape and growing regulatory pushback against enforcement-driven actions. Some believe a settlement between Ripple and the SEC could be on the horizon, providing clarity on XRP’s legal status.

Potential Release of Bill Hinman’s Report

In a related development, legal analyst Metalawman suggested that the SEC may soon release the Inspector General’s report on Bill Hinman’s conflict of interest. He emphasized that there is no reason for further delays, even before Paul Atkins officially takes charge.

With Uyeda now leading the SEC, market participants are watching closely for signs of regulatory shifts that could reshape the crypto landscape.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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SEC to Hold First Meeting Mark Uyeda’s Leadership
SEC to Hold First Meeting Under Mark Uyeda’s Leadership
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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