The post Ripple’s Regulatory Breakthrough? Project Crypto Could Put XRP Under CFTC Control appeared first on Coinpedia Fintech News
Philadelphia Fed Fintech Conference, SEC Chairman Paul Atkins unveiled “Project Crypto,” a bold regulatory initiative that could transfer significant oversight power from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC).
The revelation, first shared by crypto analyst Diana, has sparked widespread discussion across the digital asset community, especially among XRP supporters, who view this as a potential game-changer for Ripple and its long-standing regulatory challenges.
SEC Rethinks Its Role in Crypto Oversight
Chairman Paul Atkins acknowledged that the SEC’s jurisdiction has limits, emphasizing that not all digital assets should be classified as securities. He stated, “Once a network stands on its own, it’s no longer a security,” signaling a sharp departure from the SEC’s previou
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