“The crypto-cases are now being led by a legal team from SEC’s headquarters in Washington, D.C., where they are undoubtedly now quarterbacked by the acting SEC Chair.”

Tenreiro was also a key figure in the Ripple case, raising further speculation about the SEC’s strategy.

XRP Price Trends: Appeal Withdrawal Could Be a Game-Changer

On Tuesday, February 18, XRP declined by 3.75%, following Monday’s 2.52% loss, closing at $2.5611. XRP faced heavier losses than the broader crypto market, which dropped by 1.14% to a total market cap of $3.1 trillion.

Uncertainty surrounding the SEC’s appeal strategy remained an XRP headwind. However, unlike the Binance and Coinbase cases, the SEC has until April to decide whether to withdraw or…