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- Sec transferred one of his best lawyers to an IT role because her attitude on cryptocurrencies moved.
- When the SEC’s crypto is changing, there are great speculations on how it will affect Ripple’s case.
From Trump’s political return, most governments have faced huge changes.
As such, US Securities Commission (SEC) She signaled her shift according to the treatment of the crypto of the previous administration companies.
In great development, the agency transferred one of its best cryptocurrencies to the IT department.
SEC switches a crypto bailiff to the role
According to the official report, Sec’s began its journey to repair the already polluted relationship with the crypto community.
As such, the agency transferred its top litigant litigation to an office system that deals with computer systems.
Jorge Tenreiro, who actively participated in the main lawsuits against cryptocurrency exchanges and other platforms was transferred to the IT department.
During his time as an older lawyer, Tenreiro has taken a big role in writing accounting guidelines that have made it difficult for banks to protect cryptocurrencies for clients.
He was crucial in deciding on the scope of the reach that sec had in the crypto market.
Now that the US has a president’s pro-Christ, the Commission is moving away from the antagonistic approach previously used by Gary Gensler.
Priorities for the cryptocurrency of the Cryptative
This latest move SEC is formed because Hester Peirce has exposed the main priorities of the newly founded working group under Trump’s administration.
According to Peirce, there are various questions that the working group will have to deal with. First, the Commission will determine the security statutes of various crypto property.
Second, the working group will work to define the boundaries of the SEC’s jurisdiction.
Third, the working group will establish a structured procedure that allows the token offering to acquire temporary relief, while providing appropriate publications to ensure continuing trading on other secondary markets.
Another priority that will follow the working group is the reconsideration and recommendation of changing current registration framework, especially at regulation, and crowdfunding by providing appropriate ways to adjust the token issuance.
The fifth priority on the list is the testing of possible updates related to the mediator sellers frame, especially in relation to the custody of the property based on their classification.
Another priority of the working group is to develop solutions for detention for investment advisers. In addition, the working group will ensure the clarification of the regulatory frame for the KRIPTO ETP (products that are traded by exchange).
Finally, the SEC Working Group will try to encourage international cooperation by creating a cross-border regulatory box with sand.
Is that the end of the shooting lawsuit?
Given that SEC is obtained a new path during the development of mechanisms to better approach the crypto community, they are widespread speculation about the Ripple case.
Significant is that the sec is currently transferred to the position on the crypto property, many believe that settlement or release is a possibility.
However, since the case is in the appeal and it is expected that Ripple will submit its submission until April 16, 2025, the outcome of this issue will be formalized after the fact.
As such, if SEC decides to give up on the case, it will be held in April or next month after the Commission receives another chairman in March.
Read the prediction of the XRP price 2025–2026
What would mean for xrp
The UIF recent development means the end of legal problems for Ripple, it will be good news for his native token XRP.
With legal clarity, many institutional investors will turn to Altcoin. The growing rate of adoption of institutions and merchants will be a huge incentive for XRP to reach a new maximum.
