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Recent news of SEC Chairman Gary Gensler hinting at a possible resignation has fueled optimism in the cryptocurrency sector, causing XRP’s price to jump to $0.85. Click here to check the current XRP price.
The Democratic victory over pro-crypto Donald Trump in the 2024 U.S. presidential election is likely to prompt the anti-crypto SEC Chairman Gary Gensler to step down early.
In a recently released press statement, Gensler expressed his gratitude to his colleagues at the SEC, subtly indicating his potential resignation.
“Before I close, I want to say something about the SEC and its staff. It’s a remarkable agency. The staff and Commission are deeply mission-driven, focused on protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation.
The lawyers, accountants, economists, policy experts, and other staff generally could make more money working somewhere else. They choose, though, to work on behalf of the public here at the SEC.
It’s been a great honor to serve with them, doing the people’s work, and ensuring that our capital markets remain the best in the world.”
The next SEC Chairman appointed by Donald Trump would likely end the ongoing lawsuits against crypto startups, including Ripple (XRP).
From this perspective, the price of XRP tokens is rising significantly, now approaching the symbolic figure of one dollar.
Currently, XRP is priced at around $0.81.
Sentiment: Positive
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