A U.S. appellate court has paused the legal battle between SEC and Ripple, granting a 60-day hold on the SEC's appeal.
Ripple's Chief Legal Officer, Stuart Alderoty, explains the implications of the SEC dropping its appeal and the lack of clear legislation in the U.S. regarding crypto.
The SEC has shifted its approach from aggressive lawsuits against crypto firms to working on a formal regulatory framework for the industry.
Political changes at the SEC, including new leadership and a focus on crypto innovation, have accompanied legal shifts in the XRP case, amid XRP trading at $2.20.