On Monday, February 3, the American Securities and Exchange (SEC) commission implemented a new policy that could slow down its surveys related to the crypto. According to Reuters, sources familiar with the case have revealed that dry lawyers are now required to obtain the approval of politically appointed leaders before officially launching probes. This change marks a change in previous SEC procedures and is the new management of the agency following the administration of President Donald Trump.
As a general rule, the SEC is supervised by five commissioners, whose president, although the commission is currently working with only three members – two Republicans and a Democrat. The commissioners are appointed by the president. The agency recently saw the departure of former president Gary Gensler and his Democratic colleague Jaime Lizárraga. Currently, acting president Mark Uyeda holds the post until Paul Atkins, appointed by Trump, president of the sec, is officially confirmed.
By reacting to the same thing, the former SEC lawyer, Marc Fagel, wrote: “I was strongly involved in the policy allowing the official authority of the authority to delegate to the staff, promulgated following From the Débacle de Madoff. So, for those whose response to Madoff was “the dry should move more slowly”, this is excellent news. »»
In the middle of this news, XRP jumped 19.90% in the last 24 hours, reaching a price of $ 2.71 after falling before a hollow of $ 2.14 and reached a peak at $ 2.78 . The initial decline in XRP’s value was motivated by fears of a trade war after the announcement by US President Donald Trump high prices on Mexico, Canada and China. However, analysts now suggest that this drop may have created a solid base for strong potential recovery in the coming days.
