- SEC has transferred one of his top lawyers to an IT role as his attitude to crypto shifted.
- With SEC’s Crypto posture, there is a high speculation about how this will influence Ripple’s matter.
Since Trump’s political comeback, most governments have had to deal with mass changes.
As such, the US Securities and Exchange Commission (SEC) Has noticed that the shift to the handling of crypto companies through the previous administration.
In a major development, the agency has transferred one of its best crypto processes to the IT department.
SEC shifts crypto -enforcer to IT -Rol
According to the official report, the SEC started his journey to restore the already infected relationship with the crypto community.
As such, the agency has moved its top process to an office that deals with computer systems.
Jorge Tenreiro, who was actively involved in large lawsuits against Crypto outputs and other platforms, was transferred to the IT department.
During his time as a senior lawyer, Tenreiro played an important role in writing accounting guidance that made it difficult for banks to protect crypto for customers.
He was the key to determining the size of the range that the SEC had on the cryptomarket.
Now that the US has a pro-Crypto president, the committee is running away from the antagonistic approach that was previously used by Gary Gensler.
Priorities for Crypto Task Force
This last step per SEC arises when Hester Peirce explained important priorities for the newly formed crypto task force under the Trump administration.
According to Peirce, there are various problems that the Task Force will have to tackle. Firstly, the committee will determine the safety statutes of various crypto assets.
Secondly, the Task Force will work to define the boundaries of the SEC Jurisdiction.
Thirdly, the Task Force will set up a structured process with which token offers can acquire temporary exemption and at the same time ensure adequate disclosures to guarantee continuous trade in other secondary markets.
Another priority that the Task Force will follow is the revision and recommendation of changes to current registration frames, in particular in the regulations, and crowdfunding that guarantees the right ways to accommodate the token outputs.
The fifth priority on the list is to investigate possible updates with regard to the framework with a special goal broker dealer, especially about custody of assets based on their classifications.
Another priority for the Task Force is the development of custody solutions for investment advisers. Moreover, the Task Force will ensure that the regulatory framework for crypto ETPs (exchange products) is clarified.
Finally, the Task Force of the SEC will try to promote international cooperation by creating a cross -border regulatory sandbox.
Is this the end of the Ripple right case?
Because SEC gets a new path while the development of mechanisms to better approach the crypto community, there is widespread speculation about Ripple’s case.
In particular, in particular, with the SEC currently shifting in attitude compared to crypto assets, many believe that a scheme or dismissal is a possibility.
However, since the case is on appeal and Ripple is expected to submit his letter before 16 April 2025, the outcome of the case will be formalized after the fact.
As such, if the SEC decides to drop the case, it will take place in April or the following month after the committee will have a chairman in March.
Read XRPs price forecast 2025–2026
What it would mean for XRP
UIF The recent developments mean the end of the legal problems for Ripple, it will be good news for his native token XRP.
With legal clarity, many institutional investors will turn to the Altcoin. A growing acceptance of acceptance by institutions and retailers will be a huge boost to see XRP reach new highlights.
Credit : ambcrypto.com
