Ripple CEO Sees Hope as Gensler Resigns Ahead of Trump’s Inauguration

Ripple CEO Criticizes 60 Minutes for Omitting Key XRP Ruling

Ripple CEO expressed optimism as Gary Gensler announced his resignation, effective January 20, 2025, coinciding with President-elect Donald Trump’s inauguration. Gensler made the announcement on X, thanking SEC staff for their efforts to protect investors and calling his tenure an honor.

Garlinghouse shared a Thanksgiving-themed response to Gensler’s post, signaling hope for a new era in cryptocurrency regulation. His message reflected widespread criticism from the crypto community about the SEC’s stringent policies under Gensler. Ripple’s Chief Legal Officer, Stuart Alderoty, added to the conversation with a succinct “and scene…,” implying an end to a challenging phase for the crypto industry.

Ripple Lawsuit Could See Shift Under New SEC Leadership

Ripple remains entangled in a legal battle with the SEC, which accuses the company of conducting a $1.3 billion unregistered securities offering. Earlier this year, the case saw progress when Judge Analisa Torres ruled that XRP, Ripple’s cryptocurrency, was not a security in secondary market transactions. However, the lawsuit has not yet reached a full resolution.

Related article: Ripple CEO Optimistic About SEC Change Amid Gensler Exit Rumors

The crypto industry hopes that Gensler’s departure will lead to a more balanced approach to regulation under new SEC leadership. Ripple’s leadership believes that this change could positively impact their ongoing case, creating an environment that prioritizes innovation over enforcement.

A Potential Turning Point for Ripple and XRP Investors

Garlinghouse’s optimism aligns with broader sentiments among XRP investors and supporters. Many view Gensler’s resignation as a chance for Ripple to achieve a favorable resolution to its legal challenges. 

Related article: Ripple CEO Sees Enormous Potential for XRP Amid Regulatory Shift

The potential for regulatory reform also raises hopes for the growth of cryptocurrency innovation in the U.S. For Ripple, Gensler’s exit could mark the end of a contentious chapter, offering a fresh start for the company, its token XRP, and the broader crypto community. 

Investors eagerly anticipate the next phase, as new leadership at the SEC may provide opportunities for progress.

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Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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