During the Biden period, the SEC was taking steps that caused the decline of cryptocurrencies. But this year Gensler is gone and the opposite is happening. The SEC, which dropped almost all cryptocurrency cases, also took the necessary steps for ONDO. The delayed realization of the long-awaited move was very supportive for the price.
ONDO Coin Last Minute
The Ondo investigation, which had been going on for 2 years, was closed without any charges. Former SEC Chairman Gary Gensler The lawsuit, which was initiated by Ondo in October 2023, caused serious negativity for Ondo, which has done great work in the field of tokenization. The announcement coming today was from the Ondo team, and they announced that they had received a new notice of the investigation from the SEC last month.
In the last few minutes with the announcement that the investigation was officially ended ONDO Coin It increased by 10%.
The latest development means that the growing interest in the field of tokenization is supported by the SEC. BlackRock Its CEO said that tokenization is inevitable for traditional markets.
New SEC Chairman Atkins, who replaced Gensler, said last week;
“Distributed ledger technology and the tokenization of financial assets, including securities, have the potential to transform our capital markets.”
