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XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure
The post XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure appeared on BitcoinEthereumNews.com. Key Takeaways XRP’s price surged 25% amid speculation of reduced SEC enforcement post-Gensler. Pantera anticipates fewer SEC lawsuits and possible dismissals after Gensler’s departure. Ripple’s XRP token rose by 25% on Friday to above $1.4, maintaining its upward trajectory after SEC Chair Gary Gensler announced his term will officially conclude on January 20. Gensler’s exit could prompt the agency to reassess its approach to current litigation, possibly leading to a decision against pursuing its appeal in the SEC vs. Ripple lawsuit. Source: CoinGecko Consensys CEO Joe Lubin expects a favorable legal environment for digital assets under Trump’s presidency. He suggests ongoing SEC cases against crypto companies may be “dismissed or settled.” Pantera’s legal boss Katrina Paglia anticipates fewer actions and potential dismissals following the departure of Gensler. Many SEC lawsuits against crypto companies are expected to decrease or settle without major admissions of guilt post-Gensler. New leadership may lead to the SEC coming to an agreement with Ripple rather than continuing its lengthy litigation process. Although financial penalties may be involved in a settlement, Ripple would be able to continue its operations without the burden of ongoing litigation. XRP has skyrocketed 138% this year, dwarfing Ethereum’s performance and closing in on Bitcoin’s year-to-date gains, according to data from CoinGecko. The sixth-largest cryptocurrency by market capitalization has experienced a period of stagnation since last year’s market recovery, with prices hovering between $0.5 and $0.6, while most of the crypto market is on the rise. Just last week, XRP surpassed the $1 threshold, reaching its highest price in three years amid speculation about Gensler’s potential resignation and rumors of a meeting between Trump and Ripple’s CEO. The first has now been confirmed. XRP now eyes the $2 level, according to crypto analyst Ali Martinez. He believes Gensler’s departure from the SEC is…
The post XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure appeared on BitcoinEthereumNews.com.
Key Takeaways XRP’s price surged 25% amid speculation of reduced SEC enforcement post-Gensler. Pantera anticipates fewer SEC lawsuits and possible dismissals after Gensler’s departure. Ripple’s XRP token rose by 25% on Friday to above $1.4, maintaining its upward trajectory after SEC Chair Gary Gensler announced his term will officially conclude on January 20. Gensler’s exit could prompt the agency to reassess its approach to current litigation, possibly leading to a decision against pursuing its appeal in the SEC vs. Ripple lawsuit. Source: CoinGecko Consensys CEO Joe Lubin expects a favorable legal environment for digital assets under Trump’s presidency. He suggests ongoing SEC cases against crypto companies may be “dismissed or settled.” Pantera’s legal boss Katrina Paglia anticipates fewer actions and potential dismissals following the departure of Gensler. Many SEC lawsuits against crypto companies are expected to decrease or settle without major admissions of guilt post-Gensler. New leadership may lead to the SEC coming to an agreement with Ripple rather than continuing its lengthy litigation process. Although financial penalties may be involved in a settlement, Ripple would be able to continue its operations without the burden of ongoing litigation. XRP has skyrocketed 138% this year, dwarfing Ethereum’s performance and closing in on Bitcoin’s year-to-date gains, according to data from CoinGecko. The sixth-largest cryptocurrency by market capitalization has experienced a period of stagnation since last year’s market recovery, with prices hovering between $0.5 and $0.6, while most of the crypto market is on the rise. Just last week, XRP surpassed the $1 threshold, reaching its highest price in three years amid speculation about Gensler’s potential resignation and rumors of a meeting between Trump and Ripple’s CEO. The first has now been confirmed. XRP now eyes the $2 level, according to crypto analyst Ali Martinez. He believes Gensler’s departure from the SEC is…
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