Yesterday, the United States Securities and Exchange Commission (SEC) faced a significant blow in its ongoing legal efforts against the cryptocurrency sector.
This development, which came as a surprise to many, was seen as a considerable setback for the SEC, especially within the legal circles supportive of XRP.
On Tuesday, January 30, the SEC made an unexpected move by announcing its decision to drop its high-profile lawsuit against the cryptocurrency company, DEBT Box.
This case dismissal marks a notable point in the ongoing tussle between regulatory authorities and the burgeoning crypto industry.