SEC Pulls Back on Crypto Enforcement
The SEC has taken steps to limit its aggressive stance on cryptocurrency regulation, a shift that is already impacting market sentiment. One of the key changes is the restriction of enforcement lawyers, requiring additional oversight before launching new investigations. This move reduces the influence of officials who had been leading legal actions against crypto firms.
Previously, the SEC had strengthened its enforcement division, granting litigators more autonomy in pursuing crypto cases. However, recent leadership changes within the agency suggest a shift in direction, aligning with a more pro-crypto regulatory stance.
What This Means for Ripple and Crypto Markets
With this policy change, the focus is now on the ongoing legal battle involving Ripple. A closed-door SEC meeting is set to discuss critical litigation matters, including the potential withdrawal of an appeal related to XRP sales. A decision to drop the appeal could mark a significant victory for Ripple and set a precedent for other crypto-related cases.
The new approach by regulators could reduce legal uncertainty for crypto companies, potentially leading to a more stable regulatory environment. The outcome of these discussions may influence not only Ripple but also the broader digital asset market.
XRP Price: Whales Stay Confident Despite Market Drop
XRP recently experienced a sharp price decline, but on-chain data suggests large investors remain unfazed. Despite the sell-off, metrics such as payment volume, active accounts, and burned fees have remained stable.
XRP/USDT 1-day chart – Bitget
At the time of writing:
- XRP price: $2.60 (+9% over the past 24 hours)
- Traded volume: $20 billion
The resilience of large holders indicates confidence in XRP’s long-term potential, even amid short-term volatility.
Source: https://cryptoticker.io/en/xrp-news-today-sec-regulation-shift/