SEC Chairman Gary Gensler remains steadfast in his stance on cryptocurrencies despite the possibility of being replaced. In a speech in New York on November 14, Gensler asserted that not all crypto assets are securities. He stressed that Bitcoin is not a security, but most other crypto assets could be.

18 US states have filed lawsuits against the SEC, accusing the agency of abusing its power under Gensler's leadership. Meanwhile, Ripple's XRP surged 18% as investors looked forward to the possibility of an end to its long-running legal battle with the SEC. 🌟