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XRP Rally Stalls Amid SEC Chair Paul Atkins’ Push to End Ad Hoc Enforcement

  • Ripple's value briefly hit $2.65 following a breakthrough in the U.S.-China trade dispute, settling at $2.55, giving confidence to crypto investors.
  • XRP surged by 21.58% over the past week to become the fourth-largest cryptocurrency by market cap at $48 billion.
  • SEC chair turnover to Paul Atkins has influenced XRP's rally, following Ripple's settlement with SEC over reduced penalty.
  • Atkins plans to focus on issuance, custody, and trading in the crypto space, aiming for rational regulation to foster innovation and deter scammers.

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