Musk’s DOGE Investigates SEC—Will It Impact The Ripple Lawsuit?

The US government efficiency, which is led by Illon Musk, has put its eyes on a procedure In -depth investigation On the Securities and Stock Exchange Committee (SEC) as part of the agency's goal to reduce government money.

Some analysts speculated that Doug's organizational audit could affect the lawsuit facing Ripple, which may end with withdrawing the case against the company.

A second investigation

The official DOGE-CC account on X announced that the government efficiency management will start Investigation against the Supreme Education CouncilAsking for general assistance in reporting possible violations of the organizational body.

“Dog is seeking assistance from the audience! Dog -SEC said in a post:” Please this account with visions about finding and repairing waste, fraud and ill -treatment related to securities and the stock exchange. “

The post received a great deal of attention from the audience, and encouraged people to report any misconduct associated with SEC they know. As of the writing of this report, the post gained more than 8000 replies.

Driving cases against encryption players

Consequently, many members of the CEC Current community urge to drop, stop or review various advanced lawsuits against many encryption players such as Coinbase, Binance, Ripple and Helium.

Paul Groal, the Coinbase's chief legal official, suggested that the organizational body should bear the legal costs and the defendants' fees if the Securities and Stock Exchange Commission loses a lawsuit.

Some analysts said this request from Grewal is understandable, taking into account many years of legal decline between encryption exchange and SEC.

Moreover, many members of the Crypto SEC community urge to reject the case against Richard Hart, the founder of Pulsechain, Hex (Hex), and Pulsex (PSLX).

Some individuals pay an investigation on how SEC deals with ETH and the case against Ripple, accusing former SEC president Gary Gensler of political patronage in his decisions.

The end of the end of the end

Many members of the encryption community believe that the lawsuit can be dropped in the coming months with a new SEC head Doge_sec probe.

SEC pledged under the Trump administration to take a different approach to regulating digital assets.

In addition, SEC issues against Binance, Coinbase and Allow It may end in a positive ruling or may be dropped as Mark Oida has been appointed as a prosecutor, while Commissioner Hester Peres will lead the encryption team.

Analysts believe that the encryption squad will also have a vital role in solving inconsistent cases that are not associated with praise.

Many legal experts suggested that SEC will move away from its current enforcement procedures against digital assets once Paul Attens is confirmed as the new SEC president.

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