The defendants will likely have to pay something along with "neither admit nor deny” type language, says Pantera’s chief legal officer Katrina Paglia.
Many securities lawsuits against crypto companies in the United States will likely “quietly go away” once US Securities and Exchange Commission chair Gary Gensler steps down in January, says crypto asset manager Pantera.
“I think what we’re going to see is some settlements,” said Pantera’s chief legal officer Katrina Paglia during a Nov. 21 panel at the North American Blockchain Summit in Dallas, Texas.
Paglia said, in fact, the SEC “could actually just go in and file motions to dismiss and withdraw all of their claims,” but added: I don’t think that’s going to happen. I think that’s just too far of a stretch.”
