CandleFocus XRP Surges 8% on the News of Gary Gensler Stepping Down
2024-11-22
Author: Content Editor
Gary Gensler, the SEC Chair known for his tough stance on crypto, will step down on January 20. This news has been received positively by the market, with XRP, which has been embroiled in legal battles with the SEC, experiencing a surge in price. Ripple's legal battle with the SEC may be nearing its end, potentially opening the door for an XRP ETF and Ripple's IPO. The price of XRP has already seen significant gains, and some traders anticipate further upward momentum. Industry leaders are also vying for a seat on the crypto advisory council under the new crypto-friendly administration. As for the vacant SEC Chair position, possible contenders include Dan Gallagher, Hester Peirce, and Mark Uyeda.
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