Hopes within the Ripple community have been reignited regarding the positive outcome of the case against the US Securities and Exchange Commission (SEC), amid discussions of changes in the agency’s leadership.
Sentiments of the Ripple Community
Despite Ripple's partial legal victories, the lawsuit against the SEC remains ongoing. Earlier this year, Federal Judge Torres ordered the company to pay a $125 million fine. Following this resolution, the SEC filed an appeal, extending the case. Many believe Ripple has a strong chance to win, especially considering the upcoming resignation of SEC Chairman Gary Gensler.
Exit of Anti-Crypto Officials
According to Fox Business journalist Eleanor Terrett, Commissioner Caroline Crenshaw, known for her critical stance on cryptocurrencies, will not be renominated. Her position was met with disapproval in the crypto community as she opposed the approval of Bitcoin ETFs. Among those welcoming her exit are popular X users like Moon Lambo and Zach Humphries.
Appointment of New SEC Chairman
Paul Atkins, known for his support of the cryptocurrency sector, could be next in line for the role of SEC Chairman. His appointment by Donald Trump raises questions about whether it will lead to a more innovation-friendly SEC policy. The new leadership could also influence the outcome of the case against Ripple.
The appointment of new leaders in the SEC and potential policy shifts could play a significant role in the development of the Ripple case and the wider crypto industry. Ripple supporters closely monitor these developments with hope for positive changes.
