Ripple vs. SEC: A Shift in SEC's Approach Expected

Former CFTC Chairman Chris Giancarlo and pro-XRP lawyers, including Bill Morgan, suggest that the U.S. Securities and Exchange Commission (SEC) is likely to drop its appeal against Ripple Labs. A potential leadership change at the SEC, driven by a shift in political administration, could lead to a significant turnaround in the ongoing legal battle.

Giancarlo hinted that new SEC leadership under a potential Trump administration might withdraw the lawsuit against Ripple. If this occurs, it could mark a major milestone not only for Ripple but for the broader XRP ecosystem.

Ripple vs. SEC Lawsuit Nearing Its Conclusion

FOX Business reporter Charles Gasparino posted on X that political changes could directly influence the lawsuit's progress. His statement sparked positive reactions within the XRP community, boosting investor confidence.

Gasparino also revealed that Chris Giancarlo expects the new SEC leadership to drop the appeal, which was filed regarding the claim that XRP is not a security. Pro-XRP lawyers, including Jeremy Hogan and Fred Rispoli, agree that the SEC's chances of success on appeal are slim. Bill Morgan added that Judge Torres made no errors warranting a continued appeal.

Political Influence on XRP's Future

Bill Morgan believes that the resignation of SEC Chair Gary Gensler in January 2025 could lead to a significant shift in the regulator's stance. According to him, the political motives for pursuing the case will gradually diminish, expediting its resolution.

XRP Aiming for the $2 Price Mark

XRP investors are optimistic that the cryptocurrency will soon surpass the $2 price level. The departure of Gary Gensler and the arrival of a new administration with a pro-crypto stance are fueling this confidence. Ripple CLO Stuart Alderoty is bullish on the company’s future prospects.

During the previous Trump administration, XRP's price surged by over 200%. Currently trading at $1.64, it has reached a new three-year high. This growth suggests that resolving the lawsuit could unlock further price increases and adoption.

Court Victory Brings Hope for Ripple

As reported by CoinGape, the U.S. District Court ruled in favor of Ripple and its CEO Brad Garlinghouse. The judge granted a motion for expedited judgment in the case of In re Ripple Labs Inc., bringing the lawsuit closer to its conclusion. This development has boosted market sentiment in the cryptocurrency sector.

Ripple and XRP may be entering a new era characterized by increased regulatory clarity and potential growth in value and adoption.

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