The recent announcement of Gary Gensler’s resignation from his position as Chairman of the U.S. Securities and Exchange Commission (SEC) has sent ripples through the financial and cryptocurrency markets. This development, long-awaited by many in the crypto community, especially XRP holders, has resulted in a significant market reaction. In just a few short hours, XRP’s price soared to an impressive $1.51, marking its highest peak since May 2021.
XRP’s Remarkable Surge: A 150% Increase
Over the past month, XRP has experienced a remarkable 150% increase in its value. This surge has ignited a wave of optimism across the cryptocurrency market. Analysts are buzzing with speculation that Gensler’s exit could potentially alleviate some of the regulatory constraints that have weighed heavily on Ripple, the company behind XRP.
Support from Influencers: Bri Teresi’s Stance on Ripple
Amidst the market upheaval, Bri Teresi, a prominent model, has taken to social media to voice her support for Ripple. In a recent tweet, Teresi declared that XRP is far from being a scam and insisted that no one is being compensated to express this viewpoint. Her tweets highlight the urgency of unveiling longstanding corruption and emphasize the importance of transparency and accountability in this new era.
Teresi revealed her status as an XRP holder and stressed the significance of using her platform to advocate for change. She expressed her belief that it’s time to expose the truth about the SEC’s role in suppressing XRP. “I’ve been an XRP holder for a while, just not super vocal about it—until now,” she stated. Her call for transparency resonates with many who believe that accountability is long overdue.
Could the SEC’s Appeal Against Ripple Be Dropped?
The SEC’s ongoing appeal in its legal battle against Ripple is anticipated to extend until 2025. However, with the leadership change brought about by Gensler’s resignation, there is growing speculation that Ripple might see a more favorable outcome. The departure of Gensler could potentially influence the direction of the case, offering Ripple a chance to emerge victorious in its protracted legal struggles.
In conclusion, the resignation of Gary Gensler as SEC Chairman marks a pivotal moment for both XRP and the broader cryptocurrency market. As the dust settles, the community remains hopeful that this change will pave the way for a more favorable regulatory environment, allowing Ripple to thrive and continue its innovation in the digital finance space.
