#PriceTrendAnalysis

XRP price struggles as SEC remains silent on its appeal strategy, keeping traders on edge about Ripple’s legal future.

SEC disbands its crypto unit, fueling speculation on Ripple’s case and a potential shift in regulatory enforcement.

Grayscale’s XRP-spot ETF filing starts the approval clock—could this be the catalyst for a major XRP price rally?

SEC vs. Ripple: SEC Crypto Unit Disbanded – What Next for the Ripple Case?

On Thursday, February 20, SEC activity remained under scrutiny as investors awaited Ripple case-related updates.

The SEC announced a significant restructuring of its crypto enforcement division, stating:

“The Securities and Exchange Commission today announced the creation of the Cyber and Emerging Technologies Unit (CETU) to focus on combatting cyber-related misconduct and to protect retail investors from bad actors in the emerging technologies space. The CETU, led by Laura D’Allaird, replaces the Crypto Assets and Cyber Unit and is comprised of approximately 30 fraud specialists and attorneys across multiple SEC offices.”

In the digital asset space, the CETU will focus on fraud relating to blockchain technology and crypto assets.

Former SEC Office of Internet Enforcement Chief John Reed Stark commented on the ongoing SEC overhaul under Acting Chair Mark Uyeda:

“It’s Official: Acting SEC Chair Mark Uyeda Has Cancelled the SEC Crypto Unit (and has secretly “disappeared” SEC Crypto Unit Co-Chief Mark Sylvester.) N.B. The SEC’s website still features the Crypto Unit as up and running and Sylvester as its Co-Chief.”