🚀 US securities regulator, SEC, may not appeal the recent Ripple case ruling due to the risk of jeopardizing future enforcement actions amid "current confusion" around cryptocurrency regulations. According to Katie Haun, CEO of Haun Ventures, the SEC is benefitting from the lack of legal clarity regarding the classification of cryptocurrencies, and losing an appeal could have serious implications.
🌍 Meanwhile, the SEC is suing Binance and Coinbase for alleged securities law violations. Although the Ripple case ruling isn't a binding precedent, it could impact the outcome of these cases. Crypto commentators and lawmakers are urging Congress to provide legal clarity to the cryptocurrency industry in light of the recent ruling 🌟.