🚨NEW: On the @SECGov pausing ongoing litigation against #crypto firms — I’m told by multiple legal sources that the SEC has been prioritizing cases with imminent court deadlines, which is one explanation for why we haven’t seen pause requests in the @Ripple and @krakenfx cases. Ripple’s next court deadline is April 16 and it looks like Kraken’s is March 31. The @binance case has been put on ice until April 14, Lejilex until April 11 and @coinbase + SEC agreed to an extension on the deadline for the agency to respond to Coinbase’s request to leave to file an interlocutory appeal until March 14. It’s possible SEC leadership is expecting @realDonaldTrump’s pick for chair Paul Atkins to be on his way to getting confirmed by that time. In the interim, the crypto task force, Congress and the Presidential Working Group on Digital Assets are presumably working to fill the regulatory gaps that led to these lawsuits being brought in the first place.