“The US digital asset industry may revive as courts counter the perceived hostility of the authorities. Digital asset lawyer, Jeremy McLaughlin, suggests recent cases weakening SEC’s argument might spark industry resurgence. However, he noted the challenges of such contentious landscape.”
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Navigating SEC’s Stance: The Hopeful Resurgence of U.S. Cryptocurrency Industry
The resurgence in the U.S. cryptocurrency industry is driven by key victories by Ripple and Grayscale against the SEC. The shift is largely due to initial clarity from state authorities, conflicting regulatory statements from SEC and CFTC. Amid this, recent positive court filings and decisions may inject fresh liquidity into the market and encourage institutional investments.