Wu reported that Hester Peirce, a commissioner of the SEC, stated that the SEC's lawsuit against Ripple has officially concluded, and related efforts can now shift towards the formulation of an encryption regulatory framework; SEC Chairman Paul Atkins agreed, stating that this is an opportunity to shift focus from the courtroom to policy drafting, aiming to establish a clear regulatory system that promotes innovation while protecting investors. Previously, the case accused Ripple of raising $1.3 billion through the sale of XRP as unregistered securities.

XRP1.36%
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