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The post Crypto News: SEC Judge Who Signed Off on Ripple Case Appeal Moves to IT Department appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) has made a significant shift in its personnel, moving its Chief Litigation Lawyer, Jorge Tenreiro, to a position in the IT department. This department handles the agency’s computer systems. The decision, reported by The Wall Street Journal on February 5, comes after Tenreiro was heavily involved in leading six high-profile lawsuits, particularly in the cryptocurrency space, against major firms such as Ripple, Coinbase, and Tron. Tenreiro was one of the SEC executives who approved the appeal against Ripple. The notice of appeal, filed on October 2, 2024, challenged the court’s ruling by Judge Torres. Background on Tenreiro’s SEC Role Tenreiro, who was promoted to head the SEC’s litigation efforts late last year, had previously been with the SEC’s crypto assets and cyber unit. He joined the unit in October 2022 as deputy chief and became acting chief in June 2023. Under the leadership of former SEC Chair Gary Gensler, Tenreiro played a pivotal role in overseeing enforcement actions targeting prominent cryptocurrency firms. The reassignment to the IT department has raised eyebrows in the crypto community, especially since Tenreiro’s actions and statements regarding the crypto sector have been met with increasing criticism. He was involved in aggressive enforcement against crypto-related companies, making him a central figure in the ongoing regulatory battle between the SEC and the industry. A Shift in SEC’s Crypto Enforcement Strategy? This change in Tenreiro’s position comes amidst growing speculation that the SEC may be reassessing its approach to crypto regulation. Many in the industry have voiced concerns over the SEC’s aggressive stance, which some critics have labeled as overreach. Ripple’s General Counsel, Stuart Alderoty, responded to the news humorously on Twitter and wrote, “Sources say Jorge Tenreiro has been reassigned to Macrodata Refinement.” #SEC #XRP

XRP traded relatively quietly on Thursday following a strong performance on Wednesday, when it outperformed the broader cryptocurrency market, rising by 2.5%. The uptick came after CEO Brad Garlinghouse shared a photo of himself with the President-elect, sparking renewed interest in the crypto. Notably, XRP’s impressive performance over the past few months, especially in November when it surged roughly 300%, has reignited interest in the crypto asset, with analysts predicting even higher prices in the near future. On Wednesday, popular analyst “Charting Guy” stated that XRP remains on track for a potential repeat of the extraordinary 63,000% surge it saw in 2017. “For those wondering, $XRP is still technically on track for 2017 if we manage to close the week in the green,” the pundit remarked. His optimism was rooted in XRP’s ability to recover earlier losses and the potential for a strong weekly candle close. Notably, the 2017 XRP bull run remains one of the most significant in cryptocurrency history. At the start of 2017, XRP traded around $0.006, but by early January 2018, it had reached its all-time high of $3.84, marking an astonishing gain of nearly 64,000%. The rise was driven by intense market speculation and the euphoric atmosphere that characterized the cryptocurrency market then. Meanwhile, earlier on Tuesday, veteran trader Peter Brandt weighed in on XRP’s price potential, sharing his view that the current market conditions may indicate another significant rise. Brandt pointed out the formation of a “flag pattern,” a technical indicator suggesting a temporary pause in an asset’s price before continuing the previous trend. According to Brandt, if the flag pattern is completed within six weeks, XRP’s market capitalization could soar to $500 billion, nearly quadrupling its current valuation of $139.72 billion. However, he cautioned that the outlook could change dramatically if the pattern fails to materialize. Beyond technical factors, analysts point to several other key drivers fueling XRP’s surge. In a Wednesday interview with FOX Business, David Stryzewski, CEO of Sound Planning Group, disclosed that Bank of America now processes 100% of its internal transactions using Ripple’s technology. This revelation has sparked significant optimism within the XRP community, further solidifying the cryptocurrency’s growing momentum. “Ripple is the second-largest coin, and before the SEC investigation, Ripple is going to be the track that everything runs on in the future,” Stryzewski said. “They even created their own stablecoin, and as I mentioned, Bank of America is doing 100% of its transactions with them.” Last Sunday, Ripple CEO Brad Garlinghouse expressed optimism about the Trump presidency, stating, “2025 is here, and the Trump bull market is real.” He also highlighted Ripple’s renewed presence in the U.S., noting that 75% of the company’s jobs have returned to the country, signaling a positive shift in crypto regulations. Furthermore, with SEC Chairman Gary Gensler stepping down, there is anticipation within the crypto community that the XRP securities lawsuit and other crypto-related lawsuits may be dropped, which could boost XRP prices. As of press time, XRP was trading at $2.42, reflecting a 2.38% drop over the past 24 hours. #XRP

Bank of Japan board member: It is not necessary to raise interest rates every six months Naoki Tamura, a member of the Bank of Japan's board of directors, said that interest rate hikes are not necessarily carried out every six months. On the premise of maintaining a neutral in…

XRP has fallen below $2.50 while Solana has dipped under $200. Dogizen’s DOGIZ token currently costs $0.000086 after six presale stage gains. Dogizen offers stability amid XRP and Solana’s price volatility. XRP and Solana (SOL) are navigating through turbulent waters, with both assets experiencing significant price drops. With market sentiment pointing at further potential downturns, investors are looking for safer havens. Dogizen, a newcomer in the crypto space, is presenting itself as a potentially stable investment avenue, particularly with its unique proposition as the first Telegram ICO. XRP price falls below $2.5 After hitting a high of $3.38 on January 16, 2025, just a few cents shy from its all-time high of $3.40, which it hit on January 7, 2018, XRP has seen a sharp decline over the past two weeks. Its price has fallen by 26% in the past two weeks, positioning it below $2.50. The Relative Strength Index (RSI) for XRP sits at 43.12, suggesting a balanced market where neither buyers nor sellers are in clear control. The nearest resistance level is at $2.5698 with a support at $2.3282. Investors are closely watching these levels since a surge above $2.5698 could result in a new ATH, while a fall below the $2.3282 support could lead to further declines. Solana (SOL) drops below $200 Similarly, Solana’s price is also grappling sharp price drop, having decreased by 26% over the last two weeks and 9.28% over the past month to trade at $198.98 at press time. The RSI at 41.42 places Solana in a neutral zone, suggesting that the market is neither overbought nor oversold, thus providing potential for significant price movement in either direction. With resistance at $218 and support at $194, Solana’s trajectory could go either way. Breaking above resistance would signal a bullish trend, potentially yielding a 13% increase, but a slip below support could see Solana dip to $185. Dogizen offers a compelling alternative to investors In contrast to the rollercoaster ride of XRP and Solana, Dogizen emerges with a different narrative. With the presale of its DOGIZ token nearing its end on February 7th, 2025, Dogizen has already raised $4,028,605 out of a $4,760,000 goal, showing significant investor interest. The DOGIZ token is currently going for $0.000089 after steady increments with each presale stage. In the next presale stage, the token’s price is expected to jump to $0.000094. Positioned as the first Initial Coin Offering (ICO) on Telegram, Dogizen leverages the platform’s vast user base to redefine gaming and crypto interaction. With over 1 million users already engaged, the project’s foundation is built on community involvement and innovative gaming solutions. Dogizen’s roadmap focuses on expanding its gaming ecosystem, which could offer stability in contrast to the more volatile trends seen in XRP and Solana. The project’s tokenomics are designed with a community-centric approach, allocating 40% of its total supply to its community, which could foster a more stable token price through shared incentives. While XRP and Solana face immediate pressures from market corrections, Dogizen’s structured growth plan and community engagement might provide a safer investment environment. It’s not immune to market volatility, but its unique position in the Telegram ecosystem and its focus on gaming could make it a compelling alternative for those looking to diversify away from traditional crypto assets showing signs of bearish trends. With market analysts predicting further dips for established cryptocurrencies like XRP and Solana, Dogizen stands out by offering a blend of innovation, community, and a new platform for growth in the Telegram environment. Whether it will prove to be a ‘safe-haven’ remains to be seen, but for investors wary of current market dynamics, Dogizen presents an intriguing option to consider.