spot_img
6.4 C
London
Sunday, December 8, 2024
HomeCoinpedia NewsXRP Lawsuit News: Ex-SEC Attorney Says ‘No Settlement’ Because Gensler won ‘Half...

XRP Lawsuit News: Ex-SEC Attorney Says ‘No Settlement’ Because Gensler won ‘Half The Case’

Date:

Related News

The top 5 Cloud Mining Platforms for Maximizing Short-Term Profits

Cryptocurrency mining can seem daunting, especially with the technical...

Shiba Inu Price Prediction Today

The post Shiba Inu Price Prediction Today appeared first...

Crypto Market Cap Unlikely to Hit $10 Trillion This Cycle, Says Analyst

Prominent crypto analyst Chris Burniske, former head of crypto...

Bitcoin Price Prediction: BTC Dominance Drops, Altcoin Season Begins

The post Bitcoin Price Prediction: BTC Dominance Drops, Altcoin...

PEPE Price Predication for December 2024

The post PEPE Price Predication for December 2024 appeared...

XRP News Today

The post XRP Lawsuit News: Ex-SEC Attorney Says ‘No Settlement’ Because Gensler won ‘Half The Case’ appeared first on Coinpedia Fintech News

XRP’s price surged massively following Gary Gensler’s announcement that he will step down as SEC Chairman in January 2025. This revelation has sparked speculation about whether the XRP-SEC lawsuit could come to an end before Gensler’s departure.

A social media user speculated that Gary Gensler and the SEC might offer a settlement before he leaves, in an attempt to avoid looking like total losers, or to at least make it seem like they had a win. 

However, former SEC lawyer Marc Fagel responded, saying that the SEC has already won half of the case. He doubts the same commissioners who voted to appeal the other half would change their stance now. While it’s possible, he finds it unlikely and reassured that the case won’t get dismissed.

He wrote, “They already won half the case. I don’t know why the same commissioners who voted to appeal the other half would reverse course now. Possible, but seems unlikely.”

Conclusion: What’s Next For Ripple And XRP?

XRP has reached $1.5, with an increase in trading volume. Analysts are bullish, with some predicting a price surge to $2 in the near term. XRP is currently showing strong bullish momentum, and the launch of an XRP exchange-traded fund (ETF) in the U.S. could push its price even higher.

The recent rise is also fueled by new developments, such as the listing of physical XRP across major European exchanges. Ripple’s CEO, Brad Garlinghouse, has expressed optimism about the future of XRP, especially with Donald Trump’s potential Treasury Secretary pick, Scott Bessent, which could further benefit XRP’s outlook.

According to lawyer Jeremy Hogan, the Ripple vs. SEC case could be resolved by spring or early summer 2025. Gensler’s exit may speed up the process and lead to a more favorable regulatory environment for XRP.

spot_img

Trending News

LEAVE A REPLY

Please enter your comment!
Please enter your name here