Ex-SEC Attorney: Gensler’s Victory in XRP Lawsuit Could Halt Settlement
XRP’s price saw a significant boost after Gary Gensler’s announcement that he would be stepping down as SEC Chairman in January 2025. This news has caused speculation about the potential end of the XRP-SEC lawsuit before Gensler’s departure.
Some people on social media have suggested that Gensler and the SEC might offer a settlement to avoid looking like total losers or to portray a win. However, former SEC lawyer Marc Fagel has stated that the SEC has already won half of the case. He believes that the commissioners who voted to appeal the other half are unlikely to change their stance now, so a settlement seems doubtful.
In terms of Ripple and XRP, XRP’s price has reached $1.5 with increased trading volume. Analysts are optimistic, with some predicting a surge to $2 in the near future. The current bullish momentum of XRP, coupled with the potential launch of an XRP exchange-traded fund in the U.S., could further drive up its price.
Recent developments, such as the listing of physical XRP on major European exchanges, have also contributed to the recent rise. Ripple’s CEO, Brad Garlinghouse, has expressed confidence in the future of XRP, especially with the potential Treasury Secretary pick Scott Bessent under Donald Trump, which could bode well for XRP’s future.
According to lawyer Jeremy Hogan, the Ripple vs. SEC case could potentially be resolved by spring or early summer of 2025. Gensler’s imminent departure may accelerate the process and create a more favorable regulatory environment for XRP.
