What is happening with $XRP
The rapid rise of XRP began in early November 2024 against the backdrop of Donald Trump's victory in the US presidential election. The politician wants to support the development of the crypto community. One of his promises, the dismissal of the head of the US Securities and Exchange Commission (SEC) Gary Gensler, has already come true. The cryptocurrency that reacted with the most explosive growth to the news was XRP. The fact is that under Gensler's leadership, the SEC launched unprecedented repressions against the crypto community. The dismissal of the commissioner is a chance to ease the pressure on crypto projects.
Let us recall that Ripple, the issuer of XRP, came under the SEC's scrutiny in December 2020. The lawsuit against the project, which claims that the company illegally issued and sold securities in the form of tokens, was initiated by Gensler's predecessor, Jay Clayton. Many members of the crypto community hoped that under the new chief commissioner of the SEC, the absurd charges against Ripple would be dropped, but this did not happen.
