The SEC's silence continues in the XRP case.
The U.S. Securities and Exchange Commission (SEC) remains silent on the Ripple case while making significant regulatory changes in the crypto market.
The SEC's decision to lift the requirement for crypto companies to register as trading systems is seen as a positive step in the market, but the lack of any developments regarding the Ripple case has caused disappointment in the crypto community.
SEC took a step in crypto regulations, XRP case remains on hold
A post by WatcherGuru highlighted, "SEC will no longer require crypto companies to register as trading systems." This development has increased expectations regarding Ripple and XRP, but the lack of resolution in the case has not met investors' expectations. This change in the SEC's overall regulatory policy continues to create uncertainty within the XRP community.
Reactions are increasing in the XRP community
Crypto market experts and investors are expressing their frustrations on social media about the prolonged lack of resolution in the case between Ripple and the SEC. Investors criticize the SEC for not resolving the Ripple case while taking steps on other regulatory matters, believing that the SEC has taken every step except for the XRP case. Some investors argue that a petition should be initiated regarding this issue.
Market experts almost unanimously agree that if the SEC lifts the regulations on XRP, the use cases for XRP could expand, and its market value could increase rapidly. The resolution of the Ripple case in the crypto market is seen as a significant step regarding the regulation of digital assets.
U.S. government takes a crypto reserve move
The U.S. government is taking a new step to strategically manage its crypto reserves. White House Crypto Advisor David Sacks announced that the U.S. Treasury will create a "crypto stock" composed of Bitcoin and some altcoins. It was stated that this move would be carried out within the framework of a long-term growth strategy.
Reports indicate that the U.S. government holds approximately 200,000 BTC, with these reserves valued at over $17 billion. Investors believe that the government may also include assets like XRP in its strategic reserves alongside Bitcoin. This possibility could lead to a significant increase in XRP's market value. Sacks noted that the government does not plan to buy altcoins but will maintain its XRP assets.
The role of the government in the XRP market is being discussed
The XRP community believes that if the U.S. government evaluates XRP as a strategic asset, regulations could progress in a more favorable direction. Lifting restrictions on XRP could allow financial institutions to use XRP more broadly in international payments.
While uncertainty continues regarding the outcome of the Ripple and XRP case, the U.S. government's decision to strategically manage its crypto reserves has created new expectations in the markets. The SEC's silence on the XRP case continues to increase pressure within the crypto community.
EU is concerned about U.S. crypto policy
Eurozone finance ministers are worried that the U.S.'s policy of adopting crypto assets under the new administration could threaten Europe’s financial stability. Eurogroup President Paschal Donohoe stated after the ministers assessed developments in crypto in the U.S., "Policy developments in other regions can have significant consequences for us here in Europe."
Donohoe emphasized that these developments could impact Europe’s monetary sovereignty and financial stability. He noted that the European Central Bank's (ECB) process of creating a digital euro has now reached a critical stage, and this step is necessary to maintain Europe’s financial autonomy and ensure monetary stability.
Eurozone finance ministers share the same view that the U.S. policy of adopting crypto assets could have direct impacts on European markets. This situation necessitates acceleration in the ECB’s digital euro strategy. Donohoe's statements once again highlight the effects of U.S. crypto policies on global markets.