While Elon Musk’s newly-launched D.O.G.E. initiative takes aim at the SEC’s alleged inefficiencies, XRP holders find themselves caught in an increasingly tense regulatory crossfire. The billionaire’s latest stunt – creating a Department of Government Efficiency themed after his beloved Dogecoin – has managed to steal the spotlight just as the SEC formally acknowledged spot ETF filings for both DOGE and XRP.
Talk about timing. The SEC, now under crypto-friendly interim chair Mark Uyeda, seems to be softening its historically rigid stance on altcoin ETFs. Meanwhile, Musk’s D.O.G.E. project is actively collecting public input on SEC-related waste and abuse. The market’s reaction? DOGE jumped 7.14% to $0.105, while XRP managed to weather the broader crypto market downturn better than Bitcoin. Traders can now access these assets through centralized exchanges that provide secure, regulated trading environments.
SEC’s softening stance on altcoins under Uyeda coincides with Musk’s D.O.G.E. initiative, sending DOGE soaring while XRP shows resilience.
The plot thickens with the ongoing Ripple vs SEC lawsuit. The regulator filed its opening appeal brief on January 15, 2025, with Ripple’s response due in April. Seems the SEC isn’t quite ready to let go of this one, even as it relocates the case from ‘Litigation Release’ to ‘Cases on Appeal.’
Polymarket traders are feeling optimistic – or maybe just caught up in the meme-coin mania. They’re giving Dogecoin a 74% chance of securing ETF approval by 2025’s end, with a 22% shot at breaking its previous all-time high above $0.73. The number of active DOGE addresses has surged from 120,000 to 150,000, suggesting the retail crowd is paying attention.
For XRP holders, the situation is more complicated. While they’re hoping public pressure might weaken the SEC’s position in the Ripple appeal, they’re watching Dogecoin grab headlines and institutional interest. The CoinDesk 20 index shows a broader market decline of 2.5%.
The crypto community’s watching closely as Uyeda’s SEC considers XRP ETFs rather than dismissing them outright. One thing’s clear – the regulatory landscape is shifting, and fast. Whether that’s good news for XRP remains to be seen.
