According to JP Mullin, he requested OKX to confirm the number of OM tokens belonging to OKX users slated for migration and the number of OM tokens held on OKX’s balance sheet intended for migration, while noting external counsel advised refraining from any transactions involving OM tokens believed to be in OKX’s possession due to ongoing litigation alleging potential misconduct (source: JP Mullin on X, Dec 10, 2025). OKX stated it revised the OM migration timeline in support of MANTRA Chain’s official Proposal 17 after clarification on Proposal 26, and it added that Margin Trading and Loans, Futures, Spot Trading and related services will not be affected during the migration (source: OKX on X, Dec 10, 2025; OKX Help Center, OM migration notice).

According to @jp_mullin888, MANTRA plans to support OKX in migrating users’ OM tokens and is asking OKX to confirm the number of user OM tokens scheduled for migration on December 22 (source: @jp_mullin888 on X, Dec 9, 2025). According to @jp_mullin888, MANTRA is also requesting OKX to confirm how many OM tokens it holds on its balance sheet (source: @jp_mullin888 on X, Dec 9, 2025). According to @jp_mullin888, external counsel advised that OM tokens believed to be in OKX’s possession are subject to ongoing litigation alleging potential misconduct, and MANTRA should refrain from participating in transactions with those tokens (source: @jp_mullin888 on X, Dec 9, 2025). According to @jp_mullin888, the dialogue is being kept public for transparency and the benefit of the MANTRA and OM holder community (source: @jp_mullin888 on X, Dec 9, 2025). For traders, key actionable details are the December 22 migration date, pending disclosure of user OM amounts to be migrated, and a stated restriction on engaging with OM tokens believed to be in OKX’s possession due to litigation, which define timing, supply visibility, and compliance constraints relevant to exchange flows and order routing (source: @jp_mullin888 on X, Dec 9, 2025).

According to Eleanor Terrett, the firm recently engaged with the SEC Crypto Task Force to discuss non-financial utility tokens. The meeting did not cover any litigation topics, focusing solely on the practical applications of these tokens, as confirmed by attendees.

According to paulgrewal.eth, the voluntary cessation exception in legal contexts, such as cryptocurrency cases, indicates that a defendant’s decision to stop a challenged practice only moots a case if it can be shown that the practice cannot reasonably be expected to recur, as established in Friends of the Earth, Inc. v. Laidlaw Environmental Services (TOC), Inc. This principle can impact ongoing cryptocurrency legal battles by potentially prolonging litigation unless clear evidence of non-recurrence is presented.

According to Nic Carter's tweet, the SEC has concluded its legal actions against several major cryptocurrency firms, which could lead to increased trading activity and market stability. This decision might encourage investor confidence as regulatory uncertainty diminishes. However, the tweet also suggests that individuals with questionable practices are not facing legal consequences, potentially impacting market integrity. Source: Nic Carter via Twitter.

According to Jake Chervinsky, the SEC's decision to withdraw from a crypto-related litigation without securing a settlement is unprecedented and signals a significant change in regulatory approach. This development could impact trading patterns and regulatory expectations within the crypto markets.

According to @EleanorTerrett, the SEC is prioritizing crypto litigation cases with imminent court deadlines, which is why pause requests have not been observed in the Ripple and Kraken cases. This strategic focus may influence trading as ongoing legal uncertainties continue to affect these firms.

According to Eleanor Terrett, Coinbase is in a unique position among crypto firms in litigation as their lawsuit has been halted. Judge Failla granted the company permission to file an interlocutory appeal at the Second Circuit, potentially impacting trading strategies and legal positioning.

According to Eleanor Terrett, Binance and the SEC have jointly filed a motion to pause the litigation against Binance for 60 days. This is the first instance of such a request since Mark Uyeda took over as acting chair of the SEC. The pause is requested to accommodate the new SEC crypto task force, which may influence ongoing cases. This development could impact trading strategies and market sentiment, as traders weigh the implications of regulatory adjustments on Binance's operations.

According to @EleanorTerrett, the SEC has reassigned Chief Litigation Counsel Jorge Tenreiro, who was instrumental in the Ripple and Coinbase lawsuits, to the agency's IT department, as reported by the Wall Street Journal. This strategic move may influence ongoing litigation outcomes and investor sentiment regarding these cryptocurrencies.