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Title: XRP Lawsuit News: Will Gensler’s Farewell Move Hurt Ripple in the SEC Lawsuit?
As the ongoing battle between the Securities and Exchange Commission (SEC) and Ripple continues, an intriguing development has emerged. The recent announcement of Gary Gensler’s impending departure from his position as SEC Chair by January 20th has raised concerns about its potential impact on the lawsuit.
Gensler, a long-time advocate for stricter regulations in the cryptocurrency space, is set to leave office soon. This could lead to a power vacuum and potentially alter the dynamics of the case. However, according to attorney Jeremy Hogan, Gensler’s farewell move may not be the decisive factor in determining Ripple’s future.
Hogan emphasized that any last-minute actions taken by Gensler or his legal team would have little bearing on the outcome. He likened it to a “tale told by an idiot,” suggesting that such efforts might ultimately prove futile. Former SEC official Marc Fagel concurred with Hogan, stating that the commission’s legal team is obligated to file their opening brief by January 15th, regardless of any leadership changes.
Ripple supporters are cautiously optimistic about the potential implications of Gensler’s departure. Some believe that the shift in leadership could bring a more crypto-friendly approach from the SEC. This possibility stems from the growing influence of pro-crypto individuals within government circles. In fact, some have pointed out that the Trump administration and certain members of Congress have demonstrated a greater openness to cryptocurrency adoption.
As we await the outcome of the appeal and the new leadership’s stance on the case, it is clear that Ripple’s battle with the SEC is far from over.
Source: coinpedia.org
