Under President Trump's administration, the SEC has shifted towards a more crypto-friendly stance, stepping back from legal confrontations with major crypto firms. New chairman Paul Atkins and crypto advocate Hester Peirce are steering the agency away from the prior regulatory approach. Notable dismissals include the SEC's appeals against Ripple Labs regarding XRP and cases against Binance, Coinbase, and OpenSea, among others. Ripple and the SEC concluded their four-year dispute by dropping appeals, resolving allegations regarding unregistered XRP sales. Similarly, the SEC dismissed its lawsuit against Coinbase regarding alleged unregistered securities and closed investigations into OpenSea and Robinhood Crypto, among others. These shifts indicate a significant turnaround in how the SEC engages with the crypto industry, moving towards establishing clear guidelines and facilitating innovation while alleviating the burden of ongoing litigation.

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