XRP Lawyer Predicts SEC Chair Gensler Will Resign Soon One of the lawyers at XRP’s employ declared that he believes US Securities and Exchange Commission Chair Gary Gensler will step down before President-elect Donald Trump’s presidency begins next year. XRP Financial services lawyer James Murphy, better known as MetaLawMan, tweeted that he believes SEC Chair Gary Gensler will step down very soon following the election of President-elect Donald Trump in 2024.