ONDO Surges 10% as SEC Dismisses Case, Signaling Major Regulatory Shift for Tokenization
The cryptocurrency market witnessed a sharp reversal in regulatory sentiment as the SEC dismissed its longstanding case against ONDO. The investigation, initiated under former Chairman Gary Gensler in 2023, had cast a shadow over the tokenization-focused project for nearly two years. With the formal closure announced today, ONDO's price surged 10% within minutes—a clear market endorsement of regulatory clarity.
BlackRock CEO Larry Fink's prophecy about tokenization becoming inevitable appears increasingly prescient. The new SEC leadership under Chairman Atkins has openly endorsed distributed ledger technology, marking a stark departure from previous adversarial stances. Institutional adoption narratives gained further credibility as traditional finance giants begin embracing blockchain-based asset representation.
