Ripple Backs SEC’s Proposed Crypto Regulation, Calls for End to Case-by-Case Enforcement
When the SEC sued in 2020, XRP fell about 70% within days. A 2023 court ruling then added roughly $21 billion, and exchanges relisted it.
AI summary
Ripple has endorsed the SEC's proposed crypto regulation framework while urging the agency to move away from case-by-case enforcement. The article recalls that XRP fell roughly 70% within days of the SEC's 2020 lawsuit and gained about $21 billion in value after a 2023 court ruling, prompting exchange relistings. For traders, Ripple's support for clearer rulemaking could reduce regulatory uncertainty around XRP, but the piece is largely a policy stance rather than a concrete market catalyst.
Narrative history
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49M AGOYou’re reading thisRipple Backs SEC’s Proposed Crypto Regulation, Calls for End to Case-by-Case EnforcementCryptoPotato · Score 45
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1H AGOU.Today · Score 55 · via Ripple Backs, Backs SEC
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19 OCT · 19:54Cointelegraph · Score 45 · via SEC proposed, proposed regulations
