XRP Army Reacts as Pham Drops 'Plan B' Bombshell on Social Media

The XRP community is abuzz after Caroline D. Pham, former acting CFTC Chair and CEO of MoonPay Institutional, posted a cryptic message on social media platform X.

In her post, Pham wrote 'There was always a Plan B,' referencing the SEC and CFTC's rulemaking efforts following the failed CLARITY Act vote in Congress.

The regulatory landscape has shifted from Congress to the agencies as the legislative window closed ahead of October's election recess.

The SEC has been proactive, with Chair Paul Atkins promising to act within his statutory authority regardless of Congressional action. Since August 18, the commission has proposed Regulation Crypto Assets and updated transfer agent rules to permit blockchain use for securities ownership records.