More than 700 staff have left the SEC, including senior officials from enforcement departments, indicating a major shift towards pro-crypto policies under Trump. These exits reflect a significant reorganization within the agency.

The SEC has started to drop lawsuits against several crypto firms, including the recent dismissal of the lawsuit against Ripple Labs. This aligns with the establishment of a new crypto task force aimed at enhancing clarity for the industry.

Market optimism is rising, with an 87% chance predicted for the approval of a spot XRP ETF by 2025. This probability reflects a broader trend of increasing confidence in crypto products after recent regulatory changes.