đ READ THIS BEFORE ITS TOO LATE đđ
The latest updates on SEC and XRP indicate a potential 45% rally for XRP to $1.96, driven by SEC Chair Gary Gensler's upcoming resignation on January 20, 2025 Âč. This development suggests the agency may not appeal against Judge Torres's ruling in the SEC vs. Ripple case.
Additionally, WisdomTree launched a physical XRP exchange-traded product (ETP) in Europe, which could pave the way for similar products in the US. XRP's open interest has also reached an all-time high above $2.1 billion, indicating strengthened bullish momentum among futures traders.
In terms of regulatory updates, the SEC and Ripple are expected to file letters to seal motions and evidence related to the remedies phase of the lawsuit. However, the latest news suggests that Gensler's resignation may impact the SEC's stance on appealing the case.
Here are some *Key Takeaways*:
- XRP eyes 45% rally to $1.96 amid SEC Chair's resignation
- WisdomTree launches physical XRP ETP in Europe
- XRP open interest reaches all-time high above $2.1 billion
- SEC and Ripple to file letters to seal motions and evidence