The U.S. Securities and Exchange Commission (SEC) has implemented a new procedure requiring its enforcement staff to seek approval from politically appointed leadership before formally initiating investigations. This change, confirmed by multiple sources including Reuters, marks a significant shift from the previous protocol that allowed SEC attorneys to launch probes independently. The new requirement is expected to slow down the investigation process, as it adds an additional layer of oversight. This procedural adjustment comes under the Republican-led commission, which is perceived as tightening oversight on investigations, particularly affecting sectors like cryptocurrency. Market reactions have already been noted, with XRP experiencing a 20% spike to $2.71, suggesting traders may view this change as a potential easing of regulatory pressure.