The Elon Musk-led US Department of Government Efficiency (DOGE) initiates an investigation on the Securities and Exchange Commission (SEC) to cut government wastage of funds.
Speculations indicate that this investigation could impact the Ripple lawsuit, potentially resulting in the SEC withdrawing the case against the firm.
Members of the cryptocurrency community urge the SEC to drop or review lawsuits against crypto players like Coinbase, Binance, Ripple, and Helium.
The appointment of Acting Chair Mark Uyeda and Commissioner Hester Peirce leading the Crypto Task Force might influence the outcome of the cases.