Gary Gensler’s departure is good for XRP!!

SEC Chairman Gary Gensler announced that he will leave his post on January 20 next year, which may represent the end of an era of heavy-handed regulation of cryptocurrency.

Maxey emphasized that Gensler's departure, which was announced in November and became official in January, was a key factor.

While courts have clarified XRP’s legal status, some community members believe the threat to XRP will not completely disappear until Gensler steps down.

President-elect Trump appointed former SEC Commissioner Paul Atkins to take over as SEC chairman.

Atkins is considered relatively crypto-friendly and has a friendly attitude toward cryptocurrencies and is expected to push for looser regulatory policies.

Atkins' appointment is likely to boost market confidence in XRP as he supports innovation and self-regulation.

Under Atkins, the SEC is likely to reduce enforcement actions against cryptocurrency companies, which is good news for cryptocurrencies like XRP.

These factors could drive XRP prices higher and increase market confidence in its future.

The SEC is preparing for a possible government shutdown that could impact its operations, but the agency is prioritizing its primary mission of monitoring market activity and protecting investors.

Attorney Jeremy Hogan said now might be a good time to file for a stay on all non-fraud lawsuits, which could have implications for cases like Ripple's.

If the government shuts down, the SEC's activities will be limited, which could impact companies' ability to raise capital or process securities transactions.

Atkins is friendly towards the cryptocurrency market, which could have a positive impact on cryptocurrencies like XRP. $XRP