Ripple (XRP) price rebounded to $2.59 Tuesday, fueled by $5.5B open interest and SEC Chair, Paul Atkins signalling softer crypto regulation.

Paul Atkins Signals Softer Crypto Regulation, XRP Traders React Positively

Ripple (XRP) price showed signs of recovery on Tuesday, rebounding to $2.59 as Paul Atkins, the newly appointed SEC chair under Donald Trump, signaled a softer stance on crypto regulation in his speech.

According to reports, concerns had arisen over potential conflicts of interest involving Ripple-affiliated entities and Trump’s crypto reserve executive order, leading to a suspension of the US GENIUS act.

The reports highlight Dubai-based USD1’s explosive $2 billion valuation, with Trump-linked investors allegedly holding undisclosed stakes in the firm.

However, in his speech, Chair Atkins emphasized a “collaborative, innovation-forward” approach to crypto regulation, aiming to reduce compliance burdens on compliant firms.

This message was well-received by traders, who responded by pushing XRP price back up from a low of $2.35.

Signals Softer Crypto Regulation, XRP Traders React Positively

Newly appointed SEC chair Paul Atkins has reportedly signaled a softer stance on crypto regulation in his speech, sparking a positive shift in market sentiment.

According to reports, concerns had arisen over potential conflicts of interest involving Ripple (XRP)-affiliated entities and Donald Trump’s crypto reserve executive order, leading to a suspension of the US GENIUS act.

The reports highlight Dubai-based USD1’s explosive $2 billion valuation, with Trump-linked investors allegedly holding undisclosed stakes in the firm.

This follows XRP securing a $50 million final settlement in its case against the US SEC and signals lighter compliance burdens for compliant firms.

However, in his speech, Chair Atkins emphasized a “collaborative, innovation-forward” approach to crypto regulation.

According to reports, concerns had arisen over potential conflicts of interest involving Ripple (XRP)-affiliated entities and Donald Trump’s crypto reserve executive order, leading to a suspension of the US GENIUS act.

The reports highlight Dubai-based USD1’s explosive $2 billion valuation, with Trump-linked investors allegedly holding undisclosed stakes in the firm.

This follows XRP securing a $50 million final settlement in its case against the US SEC and signals lighter compliance burdens for compliant firms.

However, in his speech, Chair Atkins emphasized a “collaborative, innovation-forward” approach to crypto regulation.

Signals Softer Crypto Regulation, XRP Traders React Positively

Newly appointed SEC chair Paul Atkins has reportedly signaled a softer stance on crypto regulation in his speech, sparking a positive shift in market sentiment.

According to reports, concerns had arisen over potential conflicts of interest involving Ripple (XRP)-affiliated entities and Donald Trump’s crypto reserve executive order, leading to a suspension of the US GENIUS act.

The reports highlight Dubai-based USD1’s explosive $2 billion valuation, with Trump-linked investors allegedly holding undisclosed stakes in the firm.

This follows XRP securing a $50 million final settlement in its case against the US SEC and signals lighter compliance burdens for compliant firms.

However, in his speech, Chair Atkins emphasized a “collaborative, innovation-forward” approach to crypto regulation.

According to reports, concerns had arisen over potential conflicts of interest involving Ripple (XRP)-affiliated entities and Donald Trump’s crypto reserve executive order, leading to a suspension of the US GENIUS act.

The reports highlight Dubai-based USD1’s explosive $2 billion valuation, with Trump-linked investors allegedly holding undisclosed stakes in the firm.

This follows XRP securing a $50 million final settlement in its case against the US SEC and signals lighter compliance burdens for compliant firms.

However, in his speech, Chair Atkins emphasized a “collaborative, innovation-forward” approach to crypto regulation.