Crypto Regulation and Ripple's Legal Victories

SEC Commissioner Hester Peirce questions the SEC's regulatory approach towards crypto, advocating for working with the industry rather than enforcement. Ripple, a crypto firm, has won victories against the SEC, including a ruling that XRP token does not violate securities laws. Bitcoin and XRP have seen significant price increases, with Bitcoin surpassing $30,000, spurring a broader rally in smaller tokens. The SEC has requested the dismissal of its lawsuit against Ripple executives, citing mixed outcomes in the case.