Ex-SEC Attorney: Gensler Won ‘Half The Case’ in XRP Lawsuit, No Settlement in Sight
XRP price saw a major spike after SEC Chairman Gary Gensler announced his upcoming resignation in January 2025. This news has led to speculation about the potential resolution of the XRP-SEC lawsuit before Gensler steps down.
Some social media users have suggested that Gensler and the SEC might consider offering a settlement to save face or claim a victory before Gensler leaves. However, former SEC lawyer Marc Fagel believes that the SEC has already secured half of the case, and it’s unlikely that they would change their stance now.
XRP has seen a price increase to $1.5, accompanied by a rise in trading volume. Analysts are optimistic about XRP, with some predicting a surge to $2 in the near future. The momentum is strong, and the launch of an XRP exchange-traded fund in the U.S. could further boost its price.
Recent developments, such as the listing of physical XRP on major European exchanges, have also contributed to the price rise. Ripple’s CEO, Brad Garlinghouse, is positive about XRP’s future, especially with the potential appointment of Scott Bessent as Treasury Secretary.
Legal expert Jeremy Hogan suggests that the Ripple vs. SEC case could be resolved by spring or early summer 2025. Gensler’s departure might hasten the process and create a more favorable regulatory environment for XRP.
