Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) are up 2.9%, 7.3%, and 3%, respectively, as of 2:30 p.m. ET. The S&P 500 is up 0.8% and the Nasdaq Composite is up 1.1%. All three cryptocurrencies got a boost from news that the SEC's appeal in its case against XRP would be dropped, a major step that confirms the Trump administration's softer approach to crypto regulation, boosting the whole market.