The US Securities and Exchange Commission (SEC) is now focused on crafting a comprehensive regulatory framework for cryptocurrencies following the conclusion of the long-running legal battle with Ripple Labs. The SEC and Ripple reached a settlement last Thursday, dropping their appeals and covering their own legal costs as per a filing with the Second Circuit Appeals Court. Commissioner Hester Peirce hailed the resolution as a positive step, stating it opens the door to policy development instead of endless litigation. SEC Chair Paul Atkins echoed this sentiment, expressing that the case closure provides an opportunity for drafting regulatory framework that fosters innovation while safeguarding investors.