XRP and Cardano have experienced significant gains recently, with XRP up 375% and Cardano up 163%. This comes as the Securities and Exchange Commission (SEC) undergoes an overhaul, creating a more favorable regulatory environment for these assets. The new SEC Chair has dropped enforcement actions against prominent crypto firms like Coinbase and Kraken, eliminating regulatory threats for XRP and ADA. The SEC, under the previous Chair Gary Gensler, had scrutinized the regulatory status of various digital assets, including suing Ripple Labs for securities law violations with XRP and labeling Cardano and Solana as unregistered securities. While the SEC has yet to drop its ongoing lawsuit against Ripple, it is expected as the regulator has abandoned other high-profile crypto cases. Bitcoin has seen a decline from its post-election gains but is still up 29% from November. Solana and Ethereum have also fallen. Overall, the regulatory developments have contributed to the recent gains for XRP and Cardano.



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