Gary Gensler, the head of the US Securities and Exchange Commission (SEC), is leaving his position, and Ripple, the company associated with XRP cryptocurrency, is celebrating his departure. Stuart Alderoty, Ripple's Chief Legal Officer, dismissed the SEC's recent filing in the appeal against Ripple as "noise" and expressed confidence that the incoming SEC administration would drop the lawsuit. The new SEC leadership is expected to freeze certain cryptocurrency-related enforcement cases not involving fraud. Gensler, once viewed as a pro-crypto pick, faced criticism from the crypto industry due to the SEC's lawsuits against prominent crypto companies. Gensler stated that his time at the SEC has been a privilege and highlighted the agency's achievements during his tenure.



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