As per the latest reports, the U.S. Securities and Exchange Commission (SEC) is likely to focus on more traditional cases instead of targeting a set of businesses/organizations under the new leadership of Paul Atkins. Reportedly, this also involves individual wrong-doing and fraud targeting elderly citizens, the government body highlighted in its latest statement on Monday.
This has resulted in the top crypto stocks recording a significant jump over the past 24 hours. Notably, MicroStrategy ($MSTR), Coinbase ($COIN), and Mara Holdings Inc ($MARA) recorded the highest price rally.
However, marketers are still making efforts to understand the possible reasons for the SEC’s prolonged official statement on the conclusion of the XRP vs SEC lawsuit. Many consider this silence to be a delay in the process of official documentation.
Crypto Stock Rally As SEC Gives Green Flag!
Since January, the SEC has revised its cryptocurrency policy. Further, it has concluded or withheld key cases against cryptocurrency firms during this period. Moreover, the agency has also enforced the ability of staff to kick off any formal or informal investigations without commission approval.
The U.S. Crypto Stock Rally
Following the latest announcement, top crypto stocks such as MicroStrategy ($MSTR), Coinbase ($COIN), and Mara Holdings Inc ($MARA) have each recorded a price rally of 9.54%, 6.41%, and 17.56%.
MSTR Started today at the price of $316, as of now it is already $333.00. The price has gained continuously throughout the day. In addition to the SEC announcement, MSTR is also in trend for recent achievements of the company strategy. As of today, it holds 500k Bitcoins.
Mara Holdings has seen great action today, it opened at a price of $12.84, and within just a few hours it has already had a volume of $43 million. As of now the price of MARA is $14.56. At this rate, it will easily cross the $5 billion market cap.
Coin crossed $200, today keeping its daily range between $194.42 – $202.25. With everything looking positive it can even soar to $210.
With this, marketers have entered into a FOMO-like situation as some consider this to be a potential bull run.
However, others speculate this to be the initial formation of a financial bubble in the longer frame prospects.
Conclusion:
Paul Atkins, SEC chair and 2nd-time elect, President Donald Trump’s pro-crypto appointee is officially set to lead the organization under his regime. Notably, the official announcement is set to be heard on Capitol Hill on Thursday (27th March 2025). Under him, the Securities and Exchange Commission (SEC) is expected to give Wall Street an “easier ride under his leadership.”
Also Read: Acting SEC Chair Mark Uyeda Calls for New Crypto Regulations
