XRP’s price surged massively following Gary Gensler’s announcement that he will step down as SEC Chairman in January 2025. This revelation has sparked speculation about whether the XRP-SEC lawsuit could come to an end before Gensler’s departure.
A social media user speculated that Gary Gensler and the SEC might offer a settlement before he leaves, in an attempt to avoid looking like total losers, or to at least make it seem like they had a win.
However, former SEC lawyer Marc Fagel responded, saying that the SEC has already won half of the case. He doubts the same commissioners who voted to appeal the other half would change their stance now. While it’s possible, he finds it unlikely and reassured that the case won’t get dismissed.
He wrote, “They already won half the case. I don’t know why the same commissioners who voted to appeal the other half would reverse course now. Possible, but seems unlikely.”
Conclusion: What’s Next For Ripple And XRP?
XRP has reached $1.5, with an increase in trading volume. Analysts are bullish, with some predicting a price surge to $2 in the near term. XRP is currently showing strong bullish momentum, and the launch of an XRP exchange-traded fund (ETF) in the U.S. could push its price even higher.
The recent rise is also fueled by new developments, such as the listing of physical XRP across major European exchanges. Ripple’s CEO, Brad Garlinghouse, has expressed optimism about the future of XRP, especially with Donald Trump’s potential Treasury Secretary pick, Scott Bessent, which could further benefit XRP’s outlook.
According to lawyer Jeremy Hogan, the Ripple vs. SEC case could be resolved by spring or early summer 2025. Gensler’s exit may speed up the process and lead to a more favorable regulatory environment for XRP.
Big announcement coming from the Pi Network. On the occasion of Pi2day, Pi Network has…
The Ripple vs SEC is finally on the cusp of wrapping up, with a recent…
The U.S. Senate just gave the green light to President Trump’s widely discussed tax and…
It’s starting to feel like something big is coming for XRP. After months of sideways…
The broader crypto market is holding steady going into the final days of June, with…
Pi Network, once seen as a quiet underdog, is now facing one of its biggest…