TL;DR
Yassin Mobarak, founder of a Crypto VC firm, suggests the SEC might withdraw its case against Ripple to avoid negative exposure.
He believes the regulator uses litigation to maintain uncertainty in the crypto sector.
The Ripple vs. SEC legal dispute began in December 2020, with Ripple’s recent win when an appeal request by the SEC was dismissed.
Could SEC Wave the White Flag?
Yassin Mobarak – founder of the private equity firm focused on startups in the tech sector Dizer Capital – believes that the United States Securities and Exchange Commission (SEC) could withdraw all accusations against Ripple and its CEO Brad Garlinghouse.
According to him, it is not in the regulator’s interest to have a trial where “their corruption can be exposed.” Mobarak further claimed that XRP has solidified clarity in the crypto market, which could put the SEC’s agenda at risk.
“They will now move to end this case as soon as possible so that they can appeal to the 2nd circuit and c
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