SEC & CFTC Team Up to Oversee Crypto, Boosting XRP
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have joined forces to oversee innovative crypto products, marking a shift towards coordinated regulation. This move, along with the SEC's decision to halt appeals in crypto enforcement cases, has sparked a surge in XRP's price and trading volume on the stock market today.
The SEC and CFTC have announced a collaborative approach to regulate spot crypto trading, margin, and derivatives. They plan to introduce 'innovation exemptions' or safe harbors for decentralized finance (DeFi) protocols, allowing peer-to-peer trading while maintaining investor protections. This move signals a more lenient, experiment-friendly regulatory regime in the U.S., as Stuart Alderoty, head of Ripple legal, noted.
The SEC's decision to stop appealing crypto enforcement cases, including those against Ripple, has ended a legal battle that began in December 2020. This action reduces legal uncertainty for Ripple and related companies, enabling them to focus on development. Following the news, XRP's price surged, trading near $2.50 on Oct 8, 2025, with a 24-hour trading volume of approximately 10 billion and a market cap of around $140 billion.
The coordinated regulatory approach by the SEC and CFTC, along with the halt in crypto enforcement case appeals, indicates a more supportive stance towards crypto innovation in the U.S. This shift has had a positive impact on XRP's market performance, with increased trading volume and price on the stock market today. As regulatory frameworks like the GENIUS Act and the forthcoming Digital Asset Market Clarity Act are implemented, the crypto industry can expect further clarity and growth.
