In today's crypto news, former SEC Commissioner Paul Atkins is poised to replace Gary Gensler as the agency's chair under President-elect Donald Trump’s administration, indicating a potential shift of regulatory oversight from the SEC to the CFTC. This change could foster a more innovation-friendly environment for the crypto industry. Meanwhile, a US appeals court ruled that the Treasury's sanctions against Tornado Cash’s immutable smart contracts were unlawful, marking a significant victory for decentralization. The court concluded that these smart contracts cannot be owned or controlled, thus not qualifying as 'property' under the relevant laws. Additionally, Ripple has contributed another $25 million to the Fairshake political action committee to support pro-crypto candidates in upcoming elections, moving forward with its advocacy for a favorable regulatory climate. Ripple previously donated $45 million to Fairshake for the 2024 elections and is now targeting contributions for the 2026 midterms, amidst optimism regarding upcoming legislative proposals.

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