surged significantly after Gary Gensler’s announcement that he will step down as SEC Chairman in January 2025. This has led to speculation about whether the ongoing XRP-SEC lawsuit might conclude before his departure.
A social media user theorized that Gensler and the SEC could propose a settlement to avoid the appearance of a complete loss, or at least salvage part of their reputation. However, former SEC lawyer Marc Fagel expressed doubts, asserting that the SEC has already secured half of the case. He emphasized that it’s unlikely for the same commissioners who voted to appeal the other half of the case to reverse their decision now.
He stated, “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.”
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What’s Next for Ripple and XRP?
XRP recently reached $1.5, with trading volume showing a notable increase. Analysts remain optimistic, predicting a potential price surge to $2 soon. The bullish momentum is further supported by developments such as the launch of XRP ETFs in the U.S. and the listing of physical XRP across prominent European exchanges.
Ripple’s CEO, Brad Garlinghouse, has also expressed confidence in XRP’s future, particularly with speculation about Scott Bessent being a potential Treasury Secretary pick in a Donald Trump administration, which could positively influence XRP’s trajectory.
Additionally, lawyer Jeremy Hogan has suggested that the Ripple vs. SEC case might conclude by spring or early summer 2025. Gensler’s departure could expedite the process and foster a more favorable regulatory environment for XRP.
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Credit: This article was inspired by insights from Coinpedia.
Disclaimer: This article includes third-party opinions and should not be considered financial advice. May include sponsored content.
