News of SEC Chair Gary Gensler's potential resignation has stirred excitement in the crypto industry, leading to a significant rise in XRP's price.
Gary Gensler's Resignation
A tweet from Bitcoin Magazine, featuring a statement from Gary Gensler expressing gratitude to the SEC staff, has fueled rumors of his resignation. Many interpreted his words as a farewell, given Donald Trump's recent presidential victory and criticism of Gensler's policies.
XRP Surges Amid News
Following the news of Gensler's potential resignation, XRP saw a sharp increase in price, reaching $0.8311, its highest since July 2023. Investors anticipate regulatory changes favorable to digital assets.
Possible SEC Leadership Changes
The ongoing SEC lawsuit against Ripple has been a major topic in the crypto industry. A change in SEC leadership could lead to a reassessment of this case. Ripple CEO Brad Garlinghouse has suggested several candidates for the SEC Chair role. If Gensler leaves sooner, it could expedite changes in the market.
Gary Gensler's potential resignation and changes in SEC leadership could impact the crypto industry. Investors are closely monitoring developments.
