Ripple Community and $XRP React as SEC Chairman Under Investigation

A recent document reveals that Gary Gensler, Chairman of the United States Securities and Exchange Commission (SEC), is under investigation, sparking discussion in the crypto community. The letter, signed by key lawmakers, raises concerns about the SEC’s hiring practices and possible political bias, calling into question the impartiality of the agency’s regulatory actions. This development could impact the SEC’s stance on crypto, potentially influencing Ripple’s ongoing legal battle. Supporters of $XRP see the investigation as a possible turning point that could lead to a more balanced regulatory environment for digital assets.