The U.S. Securities and Exchange Commission (SEC) has recently dropped or paused multiple lawsuits against various cryptocurrency companies, signaling a shift in regulatory approaches. Acting SEC Chair Mark Uyeda discussed the implications of these actions, emphasizing the future of regulation in America. Notably, the SEC has dismissed investigations against prominent firms including Yuga Labs, which is associated with the Bored Ape NFTs and ApeCoin, confirming that these assets are not classified as securities. This regulatory retreat follows similar actions against other companies such as Coinbase and Uniswap. Additionally, there are rumors that Ripple may settle with the SEC by transferring $125 million worth of XRP to a U.S. government stockpile address, which could potentially lead to the resolution of its long-standing legal issues. Hermine Wong commented on the situation, stating that the dropped cases were not strong from the outset, describing the SEC's actions as akin to 'watching a train wreck in reverse.'