XRP (Ripple) Investors Just Received More Great News From the Securities and Exchange Commission
Back in 2020, the U.S. Securities and Exchange Commission (SEC) sued a company called Ripple, alleging it was in breach of financial securities laws for the way it distributed its XRP (CRYPTO: XRP) cryptocurrency. The case weighed on the price of XRP for years, but the token has soared by 300% since President Donald Trump was elected last November.Simply put, the SEC plans to be much friendlier toward the cryptocurrency industry under the Trump administration. In fact, earlier this month, the regulator agreed to pause its case against Ripple with the intention of negotiating a settlement, which was great news for XRP investors. But there was even more good news announced earlier this week: The Senate officially confirmed President Trump's nominee to serve as chairman of the SEC, and he might be one of the most pro-crypto leaders the agency has ever seen.Continue reading
Back in 2020, the U.S. Securities and Exchange Commission (SEC) sued a company called Ripple, alleging it was in breach of financial securities laws for the way it distributed its XRP (CRYPTO: XRP) cryptocurrency. The case weighed on the price of XRP for years, but the token has soared by 300% since President Donald Trump was elected last November.
Simply put, the SEC plans to be much friendlier toward the cryptocurrency industry under the Trump administration. In fact, earlier this month, the regulator agreed to pause its case against Ripple with the intention of negotiating a settlement, which was great news for XRP investors.
But there was even more good news announced earlier this week: The Senate officially confirmed President Trump's nominee to serve as chairman of the SEC, and he might be one of the most pro-crypto leaders the agency has ever seen.