Coinbase Vs. SEC: VanEck Executive Weighs In On Lawsuit Settlement
Highlights
- Matthew Sigel weighed in on the ongoing Coinbase v SEC saga.
- He noted that the lawsuits will end when parties opt for private practice.
- Coinbase continues its quest for pro-industry regulation.
Matthew Sigel, VanEck’s Head of Digital Asset Research has projected the ongoing lawsuit between the United States Securities and Exchange Commission (SEC) and Coinbase to come to an end when the main stakeholders leave for private practice. The lawsuit slammed the country’s largest exchange by volume and added to the list of SEC actions against the crypto industry.
VanEck Exec Projects End to Coinbase v SEC Case
VanEck Executive Matthew Sigel predicted that a settlement will likely occur in the SEC v Coinbase lawsuit when stakeholders leave their government role. In a recent post on X (formerly Twitter), Sigel wrote “Prediction: SEC vs. Coinbase will settle once most of the central characters have left & are working in private practice. One step closer today.”
This came after David Hirsh, a former SEC enforcement chief, left for private practice at McGuireWoods. Hirsh was a notable figure in the Commission’s crypto and cyber units leading the team and playing a huge role in enforcing registration obligations in the crypto space. Meanwhile, Robert Muckenfuss, McGuireWoods Head of Financial Services and Enforcement explained that Hirsh will give them an edge.
“Cybersecurity and crypto are rapidly evolving areas of the law and Dave’s unique background and extensive experience in securities enforcement will help our clients stay ahead of the curve.”
Sigel’s comments follow wider criticism of the financial regulators’ approach to crypto regulation in the United States. Both parties continue to assert their claims as the regulatory landscape thickens.
Market Seeks Rule Clarity
The ongoing legal battle which started last year has led to many developments including stirring up a renewed push for cryptocurrency regulations. As a result, Coinbase and other industry players have tried to get clear rules from authorities.
A major argument lies in migrating capital and talent to regions with pro-market regulations. While stressing to vigorously defend itself, the call for legislation has seen an improved acceptance in Congress. This year, several pro-crypto bills made significant progress in Congress as lawmakers slowly changed their stance on the market. Furthermore, crypto policies shape campaigns ahead of the elections with several candidates making pro-market statements. Most crypto and tech executives have backed Donald Trump however, Democrats continue to whip up support for Kamala Harris in crypto circles.
- XRP News: mXRP Vault Surpasses $22M as Investors Capitalize on Staking Rewards
- Galaxy Digital CEO Calls Next Fed Chair Bitcoin’s Bull Catalyst, Sets $200K BTC Target
- Experts Claim Bitcoin Crash to $94,334 Ahead As BTC Dominance Rebounds
- Expert Explains Pi Network–Sign Meeting, Says It Could Trigger Binance Listing
- Is Trump Family, Mr. Beast Buying ASTER Token? Rumors Gain Strength
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
