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Breaking: Anti-Crypto SEC Commissioner to Leave Agency
Suddenly up 12%: XLM’s Reason May Be Real Amid Biggest Breakout in Price’s History
In a shocking turn of events, the Securities and Exchange Commission (SEC) commissioner, Allison Herren Lee, has announced her departure from the agency. Lee was known for being a strong opponent of cryptocurrencies like Bitcoin, Ethereum, and others.
As XLM, or Stellar Lumens, surged 12% in just one hour, it seems that the crypto community is not taking this news lightly. There have been rumors circulating about an imminent XRP breakout, but no one expected it to be this sudden and drastic.
The reason behind Lee’s departure is unclear, but sources suggest that her opposition to cryptocurrencies was a major factor. She has been known for consistently rejecting applications and proposals related to digital assets, which has led to frustration among investors and developers in the space.
It’s worth noting that Herren Lee’s stance on Bitcoin ETFs was also at odds with many prominent industry players, including Coinbase and Ripple.
Source: u.today
