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Cryptocurrency News Articles

XRP Price Jumps 25% as SEC Chair Gary Gensler Announces His Stepping Down in January

Nov 22, 2024 at 11:14 pm

Another twist in the long-running SEC vs. Ripple drama has occurred: SEC chair Gary Gensler announced his stepping down in January.

XRP Price Jumps 25% as SEC Chair Gary Gensler Announces His Stepping Down in January

The SEC vs. Ripple saga continues to unfold, and a recent development has seen SEC chair Gary Gensler announce his resignation, effective January.

This news has had a significant impact on XRP’s price, which has surged by 25% in the last 24 hours.

With Gensler being a central figure in the XRP standoff, his departure has fueled speculation that the case may finally be nearing a conclusion.

The SEC’s case against Ripple has been one of the most closely watched legal battles in the crypto industry.

The regulator has accused Ripple of selling XRP as an unregistered security, while Ripple maintains that XRP is a digital asset and not a security.

The outcome of this case will have far-reaching implications for the crypto market, as it will determine whether or not XRP can continue to be traded in the United States.

In recent months, XRP has shown remarkable resilience despite the bear market, even outperforming other top cryptocurrencies like BNB and ADA.

This resilience can be attributed to several factors, including the SEC vs. Ripple case, which has kept XRP in the spotlight and driven up demand for the token.

Moreover, Ripple’s strong fundamentals and technological advancements have also contributed to XRP’s resilience and popularity among investors.

News source:www.bitcoinsensus.com

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