Ripple XRP surges 25% to a three-and-a-half-year high! What other 'SEC revenge' concept coins can we pay attention to?

The United States is about to see a cryptocurrency-friendly regulatory environment, bringing new hope to cryptocurrency companies like Ripple, which had previously faced scrutiny from U.S. regulators. As SEC Chairman Gary Gensler announced his resignation effective January of next year, Ripple's XRP might be incentivized, surging 25% in a single day, with a growth of over 150% in the past 14 days. (Background: Elon Musk calls the SEC 'trash' and suggests firing Gensler: 'I heard you only work one day a month.') (Context: Major news! SEC Chairman Gary Gensler announces resignation on January 20, signaling the end of the high-pressure regulatory era for cryptocurrencies?) Trump's election victory boosted the cryptocurrency market, with investors betting that the Trump administration will develop policies favorable to the growth of the cryptocurrency industry. The current SEC Chairman, Gary Gensler, announced this morning (22) that he will resign on January 20 next year, further fueling market optimism. Ripple's XRP skyrocketed as the SEC chairman's position is about to change, bringing more positive news to the long-running Ripple case. Coingecko data shows that XRP surged over 25% today to $1.39, marking a new high since April 2021, with a staggering increase of 151.6% in the past 14 days. XRP price chart. Source: CoinGecko Ripple Labs, the issuer of XRP, has been embroiled in a lawsuit with the SEC since December 2020, with the SEC accusing Ripple of raising $1.3 billion through unregistered securities since 2013. The latest development in the lawsuit is that Judge Analisa Torres reaffirmed last July's ruling this August, stating that Ripple's sale of XRP to retail investors through exchanges did not violate securities law. Regarding the massive fines sought by the SEC, the judge determined that Ripple's sale of XRP to institutions violated securities law and imposed a fine of $125 million, which is far lower than the SEC's demand of $2 billion. The judge also issued an injunction against Ripple, prohibiting it from further violations of securities law. Further reading: Court rules that the sale of XRP on exchanges 'did not violate securities law,' but Ripple must pay $125 million fine, XRP jumps 20%. Recently, it was reported that the SEC is seeking to appeal Judge Analisa Torres' latest ruling on XRP, but with Gary Gensler set to step down, the next SEC chairman may be more friendly to cryptocurrencies, potentially affecting the direction of the Ripple case. Which cryptocurrency companies targeted by the SEC might benefit? Currently, Trump has not officially announced his preferred candidate for the new SEC chairman, but the Washington Post recently cited five informed sources indicating that Trump's advisors are considering appointing current regulatory officials, former federal officials, and financial executives to important leadership positions, many of whom have publicly expressed support for cryptocurrencies. The market is likely to welcome a more cryptocurrency-friendly SEC, which means that companies like Ripple, previously targeted and prosecuted by the SEC, may see lawsuits soften, settle, or even be withdrawn. Here are some major cryptocurrency companies that are expected to benefit: Binance: The SEC sued Binance and its founder Changpeng Zhao (CZ) last year for operating an unregistered securities exchange and filed an amended complaint in September this year, reiterating its accusations against Binance for violating federal securities laws. Coinbase: The SEC sued Coinbase last year for providing trading, brokerage, and clearing services for unregistered securities, alleging that it facilitated billions of dollars in illegal transactions involving cryptocurrencies categorized as 'securities' since 2019, allowing clients to earn rewards on securities products. Kraken: The SEC sued Kraken last year, accusing it of operating without registering as a broker, exchange, or clearinghouse, and claiming that certain cryptocurrency trades on its platform constituted investment contracts, falling under the definition of securities. Additionally, Gary Gensler has insisted that, aside from Bitcoin and Ethereum, most digital assets such as SOL, ADA, and MATIC are considered securities, a stance that has long been criticized by the cryptocurrency community as overly arbitrary, forcing crypto companies to operate in a regulatory vacuum, a situation that may also change moving forward. Further reading: SEC sues Kraken, reiterates that SOL, ADA, and 11 other tokens 'are securities'. Related reports: Trump nominates Bitcoin supporter Howard Lutnick as Secretary of Commerce; will the new SEC chairman be a crypto-friendly lawyer? Metamask’s parent company: SEC cryptocurrency lawsuits during Trump’s term are likely to be dismissed or settled. Gary Gensler to give farewell speech? What kind of cryptocurrency regulatory policies will the SEC adopt under Trump 2.0? "Ripple XRP surges 25% to a three-and-a-half-year high! What other 'SEC revenge' concept coins can we pay attention to?" This article was first published by BlockTempo (the most influential blockchain news media).