CandleFocus XRP Hits New 2024 High Amid Gensler Resignation Rumors
2024-11-14
Author: Content Editor
The XRP cryptocurrency has surged over 10% in the last 24 hours, reaching its highest level since 2024. It is currently the top gainer among major cryptocurrencies. The rally comes amid rumors that SEC Chair Gary Gensler might resign soon. Gensler recently spoke at a legal conference, highlighting the harm to investors in the cryptocurrency industry and the lack of proper use cases for most tokens. He emphasized the need for public disclosure. Gensler also mentioned successful SEC actions against Binance, Coinbase, and Ripple Labs while mentioning the approval of Bitcoin and Ethereum ETFs. Legal expert John E Deaton believes Gensler could resign as early as Friday, even though his term is supposed to end in 2025.
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