Ripple Backs SEC's Crypto Rules After $150M Legal Battle, OCC Unveils GENIUS Act
Ripple endorses SEC's proposed crypto regulations following a costly legal dispute, while the OCC introduces new stablecoin guidelines.
Ripple endorses SEC's proposed crypto regulations following a costly legal dispute, while the OCC introduces new stablecoin guidelines. XRP (XRP) is trading at ₹125 ($1.32), down 0.8% since this brief published. This is an original Token Times brief based on reporting by Brave New Coin, with live market data added, as of Fri, 23 Oct 2026 08:00:01 UTC.
Ripple's endorsement of SEC's crypto rules marks a significant shift in its regulatory stance after spending over $150 million in legal fees, potentially influencing future industry-regulator relations. The OCC's GENIUS Act rules also signal increased regulatory clarity for stablecoins.
- Ripple endorses SEC's proposed crypto rules after $150M legal battle.
- OCC introduces GENIUS Act rules for stablecoin regulation.
- XRP price remains stable despite recent market fluctuations.
- Ripple Backs SEC's Proposed Crypto Rules After $150M Legal Battle
- Ripple Backs SEC's Crypto Rules After $150M Legal Battle, OCC Unveils GENIUS Act — this brief
Ripple, the company behind the 
XRP cryptocurrency, has publicly backed the U.S. Securities and Exchange Commission's (SEC) proposed cryptocurrency rules. This endorsement comes after Ripple spent over $150 million in legal fees during its high-profile dispute with the SEC over whether XRP should be classified as a security.
The endorsement of the SEC's rules by Ripple is seen as a significant shift in its regulatory stance and could have broader implications for the cryptocurrency industry. The move suggests a potential thawing of relations between Ripple and the SEC, which could pave the way for clearer regulatory guidelines for digital assets.
In related news, the Office of the Comptroller of the Currency (OCC) has unveiled the GENIUS Act rules, which aim to provide a regulatory framework for stablecoins. This development is expected to bring more clarity and stability to the market, particularly for issuers and users of stablecoins.
Despite these regulatory developments, the market reaction has been relatively muted. The total cryptocurrency market cap remains at $2.81 trillion, with 
Bitcoin experiencing a slight 24-hour decline of 0.78%. XRP, the cryptocurrency at the center of Ripple's legal battle, is trading at $1.33, down 0.96% in the last 24 hours.
The interplay between Ripple's endorsement of SEC rules and the OCC's GENIUS Act could set the stage for a new era of regulatory clarity in the cryptocurrency space. Investors and industry stakeholders will be watching closely to see how these developments unfold and what they mean for the future of digital assets.
Since this brief published about 2 hours ago, XRP (XRP) has moved from ₹126.22$1.33 to ₹125.27$1.32 — -0.75%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹136.84 (about $1.32), down 1.3% over 24 hours. The rupee itself trades about 9.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Ripple Backs SEC's Crypto Rules After $150M Legal Battle — questions & answers
Why did Ripple endorse the SEC's crypto rules?
Ripple likely endorsed the SEC's rules to foster a more favorable regulatory environment after spending over $150 million in legal fees during its dispute with the agency.
What is the OCC's GENIUS Act?
The GENIUS Act is a set of rules introduced by the OCC to provide a regulatory framework for stablecoins, aiming to bring more clarity and stability to the market.
How has the market reacted to these developments?
The market has remained relatively stable, with the total crypto market cap at $2.81 trillion and XRP trading at $1.33, showing minimal impact from the news.
How much is 1 XRP worth in rupee today?
About ₹136.84 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.32. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 0.75% since this brief first published — trading at ₹125 ($1.32) now versus ₹126 ($1.33) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Brave New Coin. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.