Today’s crypto news highlights several important developments. First, the US Securities and Exchange Commission (SEC) has filed an appeal against a previous ruling in favor of Ripple Labs, in which the court deemed the XRP token not a security when sold to the public. The appeal aims to strengthen the SEC’s ability to regulate cryptocurrencies, which could have a significant impact on how crypto is regulated in the future  .

Second, Bitcoin’s price fell by 4.27% in October, its worst performance in the month in nearly a decade. But some analysts remain optimistic, with prices expected to improve after the middle of the month  .

Furthermore, Standard Chartered Bank stressed the importance of buying Bitcoin during periods of price declines, noting that Bitcoin can be a safe haven against traditional financial crises  .

These developments highlight the political and economic tensions affecting the crypto market, making investors cautious as they enter an exciting historical period that could see significant price volatility.