#SECCrypto2.0

The SEC is signaling a major shift in its approach to cryptocurrency oversight. In a significant move, the regulator dropped its appeal of a July 2023 ruling that found XRP sales on public exchanges did not qualify as securities—a decision hailed as a “long overdue victory” by Ripple’s CEO, Brad Garlinghouse . This regulatory pivot comes amid reports that the SEC has also scaled back enforcement actions against crypto exchanges like Coinbase and Kraken, marking a retreat from its aggressive stance under previous leadership.

Industry watchers note that these changes align with broader policy moves under the current administration, including leadership shifts at the SEC. With Paul Atkins expected to replace former chair Gary Gensler, market participants are hopeful that a clearer regulatory framework for digital assets is on the horizon, one that could foster innovation while protecting investors.