With the changing of the presidential administration in the U.S., the cryptocurrency sector is undergoing a significant regulatory shift. In that vein, one big new development just happened that could deliver some upside to leading cryptocurrency assets like Solana (SOL -5.55%), Ethereum (ETH -10.46%), and perhaps even XRP (XRP -9.34%). Let’s explore what’s changing and why it matters to those coins specifically.
This new regulatory group could be a game-changer
Per an announcement by the Securities and Exchange Commission (SEC) on Feb. 20, a new regulatory group is being formed to fight scams and protect small investors in cryptocurrency, among other purposes. The group will be called the Cyber and Emerging Technologies Unit (CETU) and will be staffed with about 30 lawyers and fraud investigators.
Its mandate includes preventing and combating fraud that uses technologies like artificial…
