- Ripple’s Stuart Alderoty comments on Gary Gensler’s exit, signaling hope for pro-crypto SEC leadership.
- SEC shake-up stirs optimism for XRP’s regulatory clarity and Ripple’s legal battles.
- Alderoty’s “Gary Who?” jab highlights Ripple’s focus on XRP’s future amid SEC leadership changes.
Gary Gensler’s resignation as SEC Chair on January 20, 2025, marks a major turning point for the cryptocurrency market, especially XRP. Since his tenure began in April 2021, Gensler’s leadership focused on strict enforcement policies, leaving a significant impact on Ripple and its token, XRP.
With Gensler stepping down, investors are wondering if this leadership change could spark a rally in XRP’s price or lead to further consolidation. The political backdrop, including Donald Trump’s presidency and the potential appointment of Paul Atkins as SEC Chair, adds to the anticipation.
Gensler’s SEC Tenure and Ripple’s Legal Struggles
Gensler’s time at the SEC was defined by aggressive regulatory measures. During his tenure, the agency pursued over 2,700 cases, secured $2.7 billion in investor returns, and implemented 46 new rules.
However, his approach to cryptocurrency regulations, particularly the classification of XRP as a security, generated widespread controversy. This decision triggered a prolonged legal battle with Ripple, causing XRP’s price to drop from a peak of $3.80 to an average of $0.50.
Related: SEC Chair Gary Gensler gets pressed on crypto in his final interview with Joe Kernen
Ripple’s outlook brightened after Trump’s 2024 election win. Investor confidence pushed XRP to a seven-year high of $3.38. With new SEC leadership on the horizon and growing calls for clearer crypto policies, many believe Ripple could see a more favorable regulatory environment.
Paul Atkins taking over as SEC Chair has fueled optimism. Known for his crypto-friendly stance, Atkins is expected to bring a more balanced approach to regulations. Discussions about approving a Ripple ETF have also gained momentum.
According to Polymarket data, there is a 71% chance of an XRP ETF approval, which analysts estimate could attract $4 to $8 million in inflows during its first year. JPMorgan analysts suggest such a move could provide a strong boost to XRP’s value, setting the stage for long-term growth.
Related: Ripple XRP Optimism Soars Ahead of Trump’s Inauguration, Gensler Exit
XRP Price Outlook: Challenges and Opportunities
XRP is currently trading at $3.11, reflecting a 5.48% decline over the past 24 hours.
Despite this volatility, the upcoming SEC leadership changes and evolving regulatory landscape could open doors for recovery. Ripple’s legal team, led by Stuart Alderoty, remains hopeful that a supportive regulatory framework will soon emerge.
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