Crypto Market Surges as SEC Softens Stance; Bitcoin, Ethereum, and Dogecoin See Gains

The cryptocurrency market experienced a boost today, with Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) rising 2.9%, 7.3%, and 3% respectively, as of 2:30 p.m. ET. Earlier, gains peaked at 3.6%, 8.7%, and 4.7%. This surge follows news that the SEC is dropping its appeal in the XRP case, signaling a softer regulatory approach under the Trump administration. The SEC has also recently ended its Coinbase Global case and scaled back enforcement, further fueling positive investor sentiment. Ethereum's dominance in the stablecoin space continues, with a four-month average trading volume of $850 billion reported yesterday. Additionally, the House of Doge and Dogecoin Foundation announced a partnership with IndyCar driver Devlin DeFrancesco to feature Dogecoin at the Indianapolis 500 on May 25.