Democrats Criticize SEC After It Drops Ripple Lawsuit

Published at 2026-01-16 19:31:23

Democratic lawmakers have stepped up criticism of the Securities and Exchange Commission after it quietly dropped its high-profile lawsuit against Ripple and several associated firms. The case, which helped shape market views on whether XRP and similar tokens qualify as securities, had been closely watched by crypto companies, investors and legal observers for years. Critics in Congress say the sudden withdrawal demands answers about the agency’s enforcement process and decision-making, and some are calling for hearings or an inspector-general review. The episode could accelerate legislative pressure for clearer crypto rules and leave market participants looking for a formal SEC explanation to restore regulatory certainty and investor confidence.

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Bitwise’s spot XRP ETF has become the largest spot XRP fund in the United States as of March 4, 2026, reflecting heightened investor demand for regulated XRP exposure. The move underscores growing appetite for spot crypto ETFs beyond Bitcoin and Ethereum.

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Published at 2026-03-04 19:45:34

XRP Jumps as Trump Backs Crypto Reform, Ripple CEO Applauds

XRP is pushing toward the top of its recent trading range as bullish momentum builds and political backing for crypto reform intensifies. As of 11:33 on March 4, XRP was trading at $1, drawing renewed trader attention for a potential breakout.

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Published at 2026-03-04 17:31:08

Hoskinson: Clarity Act Would Be the SEC's 'Wet Dream'

Cardano founder Charles Hoskinson warned the latest U.S. Clarity Act would hand excessive power to the SEC and could treat many tokens as securities, threatening innovation and increasing legal risk for projects and holders.

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Published at 2026-03-04 16:16:16

South Korea to Cap Crypto Exchange Ownership at 20%

South Korea's government and ruling party have reportedly agreed to cap major shareholders in cryptocurrency exchanges at 20%, with narrow exceptions for newly established platforms. The move is pitched as a way to limit concentration of control and reduce systemic risk.

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Published at 2026-03-04 13:15:23

Polymarket Pulls Nuclear Detonation Market Amid Backlash

Polymarket shut down a market on nuclear detonation after public outcry and regulatory scrutiny. The move follows insider trading allegations and a wave of foreign bans putting the platform under pressure.