SEC’s claims of XRP being security are losing their essence as no substantial proof supports their argument
Meanwhile, the crypto community is jumping in the support of the company as they believe the SEC’s case is threatening the border industry
The Ripple vs. SEC lawsuit is causing ripples in the crypto space, as more people believe the agency has nothing left to prove. With Coinbase and many other organizations now backing the company, the lawsuit is expected to be resolved as soon as possible.
Meanwhile, according to some reports, SEC commissioner hester peirce
hester peirce Hester Peirce is the Commissioner of the SEC. She is known for formulating cryptocurrency regulations in the US. Hester is known as 'Crypto Mom' because she supports balanced policies that facilitate innovation and protect investors. She is also a professional lawyer and is associated with the Republican Party. With a strong background in law and economics, Hester has played a key role in creating clear regulatory frameworks for digital assets. She works closely with the Trump government and has promised clear and fair rules and regulations for cryptocurrency exchanges and blockchain projects.
Quick Facts Full Name Hester Maria Peirce Birth 1970, Ohio, US Nationality American Education Case Western Reserve University, Yale University Marital Status Unmarried Net worth To be updated Peirce provides insightful directions on securities law as it applies to blockchain technology, bridging the gap between regulatory oversight and emerging crypto innovations. Her contributions continue to influence digital finance. Her work remains vital in today's digital economy.
Hester Peirce - A Career Timeline 2018: Appointed SEC Commissioner, advocating balanced crypto regulation and innovation.
2019: Championed clear digital asset frameworks to protect investors and promote market transparency.
2020: Influenced key blockchain policy discussions and integrated crypto-friendly securities guidelines.
2021: Advanced regulatory clarity for decentralized finance, emphasizing fair market practices.
2022: Recognized as "Crypto Mom" for her leading role in shaping digital asset oversight. Awards & Recognization of Hester Peirce Year Recognizations Description 2018 Emerging Regulatory Leader Blockchain News - For her balanced approach to crypto regulation. 2019 Digital Finance Advocate Award By Crypto Briefing for developing innovative policies in digital finance. 2020 Crypto Regulation Visionary Awarded by Forbes for her forward-thinking stance on overseeing digital asset markets. 2021 50 over 50 Forbes list For her contributions to investment policies. 2022 "Crypto Mom" Recognition By Financial Times for her influential role in guiding the crypto regulatory landscape. Useful Links to Connect With Hester Peirce Platform Links X (formerly Twitter) Hester Peirce (@HesterPeirce) / X LinkedIn profile https://www.linkedin.com/in/hester-peirce SEC commissioner profile https://www.sec.gov/commissioner/hpeirce EntrepreneurInvestorFinanceCrypto and Blockchain Expert believes that the agency is not adhering to a proper regulatory framework, which may cause them to fall behind in the race. Attorney John Deaton, who supports the claim, believes that the SEC may lose if they continue to claim that XRP is a security.
In a recent update, a popular analyst, Ben Amstrong claims the SEC Governor, gary gensler
gary gensler Gary Gensler is the chairman of the U.S. Securities and Exchange Commission (SEC). His studies in finance and blockchain at MIT have helped him develop U.S. cryptocurrency regulations and policies.
Quick Facts Full name Gary Scott Gensler Birth 18-10-1957, Baltimore, Maryland, United States Nationality American Education MBA from the University of Pennsylvania Marital status Married to Francesca Danieli (1986-2006) Net worth Estimated $100 million
Gensler has advocated for enhanced supervision of digital assets, seeking to regulate cryptocurrencies similar to securities. His work at the SEC has focused on safeguarding investors, regulating crypto exchanges, and establishing stablecoin policies.
Gary Gensler - Career Highlights 1997 – Became Assistant Secretary of the Treasury.
2009 – Led CFTC, regulating financial derivatives post-2008 crisis.
2018 – Taught blockchain and crypto at MIT.
2021 – Appointed SEC Chairman, focusing on crypto regulations.
2022 – Proposed stricter rules for crypto exchanges.
2023 – Took legal action against major crypto firms.
2024 – Advocated for stronger stablecoin and DeFi regulations.
Gary has collaborated with multiple lawmakers in formulating crypto policies. Even with disagreements with crypto investors regarding crypto policies, he continues to be a key player in the changing dynamic between regulatory frameworks and blockchain advancement.
Awards & Recognitions of Gary Gensler Year Institution Description 2009 U.S. Treasury Financial Regulation Leader 2018 MIT Blockchain & Crypto Educator 2021 SEC SEC Chairman Overseeing Crypto Policies 2023 Bloomberg Most Influential Regulator in Crypto 2024 Forbes Top Policy Maker in Digital Assets
Useful Links to Connect With Gary Gensler Platform Link X (formerly Twitter) twitter.com/GaryGensler CFTC website Chairman Gary Gensler Chairman is now switching to the winning side!
The analyst claims the Governor has filed an Amicus Curiae Brief in support of in the battle against SEC, on the basis of some anonymous source. Ben himself believes that this is a parody and hence the fact needs to be checked.
On the other hand, the demand for relisting XRP on US-based exchanges has been making huge rounds in recent times. Therefore, it is believed that now when the Ripple vs SEC lawsuit is approaching a closure, a tidal wave of XRP investors may jump into the platform. This may surely impact the XRP price rally which remained aloof amid the coiling market sentiments.