The Securities and Exchange Commission’s (SEC) lawsuits against cryptocurrency companies will likely reach settlements once Chair Gary Gensler steps down in January 2025, according to crypto asset manager Pantera‘s chief legal officer Katrina Paglia.
What Happened: Speaking at the North American Blockchain Summit in Dallas on Thursday, Paglia said, according to Cointelegraph that while the SEC won’t completely withdraw its claims, many cases will “quietly go away” with defendants paying settlements under “neither admit nor deny” terms.
“The regulator will get to make some level of a statement and get something for the value of time and energy spent,” Paglia said, noting this would be “very beneficial” for resolving the extensive litigation.
The …
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