The White House’s report on cryptocurrency policy offers clarity on regulatory oversight, proposing a clear division of responsibilities between the SEC and CFTC to create a transparent and scalable crypto ecosystem. This follows the resolution of the SEC’s lawsuit against Ripple, marking a victory for the firm and the crypto industry.

The SEC’s decision to drop its appeal against Ripple comes after a legal battle that began in December 2020 when the agency accused Ripple of conducting unregistered XRP securities sales, imposing a $125 million fine in August 2024. Ripple and the SEC filed a joint motion to release the settlement funds held in escrow.

The White House’s recommendations aim to address key hurdles for mainstream crypto adoption, including ambiguous securities laws. While the report advances Trump’s agenda by urging ‘same risk, same rules’ to legitimize crypto, concerns remain about SEC enforcement, a promised US Bitcoin reserve, and potential fractures in the crypto community over regulatory stringency. Additional recommendations on easing banking custody rules are needed.

Read more at Cointelegraph: SEC, CFTC Division to end Fragmented US Crypto Landscape