A prominent crypto lawyer, James Murphy, also known as "MetaLawMan," has made a bold prediction that a potential victory for Donald Trump in the upcoming November elections could lead to the dismissal of several U.S. Securities and Exchange Commission (SEC) crypto lawsuits.

Murphy has advised against settling any crypto cases with the current SEC, suggesting that a shift in the regulatory body's stance is likely under a Trump administration. In his own words, "I wouldn't settle any crypto case with the current SEC before seeing how the election turns out."

The crypto lawyer anticipates "a very different SEC" based on Trump's recent pro-crypto statements. Over the past month, the former president has portrayed himself as a supporter of the crypto industry, asserting that the United States should lead in this field and even expressing a willingness to commute the life sentence of Silk Road founder Ross Ulbricht if elected.

However, not everyone is convinced of Trump's commitment to his promises. Cinneamhain Ventures partner Adam Cochran and Two Prime hedge fund partner Alexander Blume have both criticized Trump's history of inconsistent positions and a pattern of making promises for political gain without following through.

Analysis from PolitiFact shows that Trump broke over half of the 102 promises made during his 2016 presidential campaign, compromised on 23, and kept only 24. Additionally, Trump's past remarks have shown skepticism toward cryptocurrencies, with the former president describing them as "based on thin air" and a "disaster waiting to happen."

Despite this, crypto lawyer Gabriel Shapiro argued that Trump's critical tweets about crypto do not compare to the extensive regulatory actions taken under the Biden administration, stating that "Trump saying some mean words about crypto on Twitter" is not equivalent to "the four-year witch hunt the Biden admin has waged on crypto."

As the crypto community closely watches the political landscape, the potential impact of a Trump victory on the SEC's stance towards the industry remains a topic of intense speculation and debate.