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Title: XRP Lawsuit News: Will Gensler’s Farewell Move Hurt Ripple in the SEC Lawsuit?
In recent news, significant developments have emerged in the ongoing SEC vs. Ripple lawsuit. Following Judge Torres’ ruling that XRP is not a security in itself, questions have arisen regarding the likelihood of an appeal by the Securities and Exchange Commission (SEC). With Gary Gensler’s term set to expire on January 20th, speculation surrounds whether any last-minute actions could impact the lawsuit.
As Jeremy Hogan, attorney for Ripple, noted, it would be unwise to overestimate the significance of the SEC filing its appeal by the January 15th deadline. According to Hogan, such a move is unlikely to have lasting effects and should not cause undue alarm among XRP investors. The attorney further emphasized that Gary Gensler’s departure could bring about a change in leadership and potentially shift the direction of the lawsuit.
Marc Fagel, former SEC official, corroborated Hogan’s assessment. Fagel stressed that the SEC’s legal team must file its opening brief by the deadline, regardless of any leadership changes or last-minute actions from Gensler’s administration. This ensures compliance with standard procedure and provides a clear path for future proceedings.
Despite the uncertainty surrounding this lawsuit, many in the crypto community remain optimistic regarding the future regulatory environment. With pro-crypto advocates gaining influence within government institutions and even the Trump administration, there is hope that Ripple’s battle with the SEC will conclude more favorably under new leadership.
Ripple continues to fight against the charges filed by the SEC, despite recent setbacks.
Source: coinpedia.org
