“These are cases where an innovative technology – cryptocurrency – met a century-old scheme – the pump and dump."

While Ripple pushes forward with its ambitious expansion plans in Dubai and Brazil, and prepares for the launch of its RLUSD stablecoin, the blockchain giant now must prepare to counter the U.S. agency's appeal.

The oldest U.S. bank received an exemption from the regulator's accounting rule, which was making crypto custody services unprofitable.

"We respect the Court's decision," CEO Brad Garlinghouse said. The regulator is expected to appeal the ruling by Judge Torres.

The regulatory body could drop its charges related to ten tokens issued by entities other than Binance. The move might indicate that the SEC faced difficulties in prooving its position.

While interest in ETH ETFs could be buoyed by the ongoing shift toward tokenization, market watchers aren't expecting these funds to be anywhere near as popular as those tracking Bitcoin's spot price.

The recent Supreme Court decisions curtail the SEC's regulatory and enforcement powers over the cryptocurrency sector. These rulings emphasize the need for clear congressional authorization for these kinds of regulatory actions.

Consensys declares that the decision is a "major win" for Ethereum developers — but warns that its legal fight is far from over.