Major regulatory development: A leading blockchain payment firm has submitted correspondence to the U.S. Securities and Exchange Commission's Crypto Task Force, outlining a comprehensive framework for transparent and rights-based cryptocurrency regulation. The letter emphasizes the importance of clear regulatory standards that protect consumer rights while fostering innovation in the digital asset space. This move reflects growing industry engagement with government bodies to establish balanced regulatory approaches. XRP, the native token associated with the company, has been at the center of regulatory discussions and market attention as the sector continues advocating for regulatory clarity and consumer protection measures.