The SEC introduced Project Crypto to modernize blockchain market regulations, suggesting more flexible rules for token trading and custody. This initiative seeks to enhance legal frameworks, yet uncertainties surrounding enforcement have left traders cautious.
After the announcement, XRP fell below 3 USD to 2.89 USD, while SOL ranged between 166.13 USD and 167.29 USD. Short-term profit-locking occurred amidst a broader market downturn, reflecting traders’ wariness during this regulatory transition.
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