Pantera CLO Believes Many Crypto Cases Will Be Resolved After Gensler Resigns

The United States Securities and Exchange Commission (SEC) is likely to settle its ongoing lawsuits against cryptocurrency companies after Gary Gensler steps down as Chair in January 2025, according to Pantera Chief Legal Officer, Katrina Paglia.

Under Gensler, the SEC has aggressively pursued legal action against prominent crypto companies, including Ripple, Binance, and Kraken, a move many in the industry have criticized as overly stringent. As the regulatory landscape shifts, these ongoing cases may see a quieter resolution in the near future.

Resolving Extensive Litigation

Speaking at the North American Blockchain Summit in Dallas, Paglia explained that while the SEC will not completely withdraw its claims, many of these cases are expected to quietly fade away as defendants agree to settlements under terms where they neither admit nor deny wrongdoing. She believes this approach will allow the SEC to make a statement and secure some outcome for the time and resources spent, ultimately helping to resolve the extensive litigation.

Her comments come at a time when President-elect Donald Trump is actively reshaping the landscape of crypto regulation. With the Trump administration reportedly vetting candidates for a new White House role focused on cryptocurrency policy, key industry figures, including Coinbase CEO Brian Armstrong, are engaging in high-level discussions.

Time For Change

Industry experts are hopeful that the aforementioned changes will bring significant shifts in policy. Adam Guren, CIO of Hunting Hill Global Capital, emphasized the need for clear, thoughtful policy and well-defined classifications for digital assets. He believes such clarity would encourage both individual and institutional investors to engage more deeply with the market.

The crypto market has reacted positively to these developments, with Bitcoin (BTC) finally nearing $100,000. Major companies like Ripple, Kraken, and Circle are also seeking a place on the crypto advisory council that Trump has promised.