Ethereum

bullish

Gary

<p>Big news today—Gary Gensler has announced his resignation, sharing a tweet and an article on the SEC's website, where he praised his own tenure. However, his self-congratulatory remarks have been met with criticism, as many believe his time at the SEC was marked by poor leadership and regulatory overreach. Critics have long accused Gensler of not acting in good faith, and his departure is seen by some as a much-needed change for the agency.</p>   
<p>Amid the excitement in the <a href="https://coinpedia.org/news/crypto-news-today-bitcoin-solana-hit-ath-xrp-leads-gainers/" target="_blank" rel="noreferrer noopener">crypto market</a>, a user raised an interesting question about whether Ripple has grounds for a lawsuit against the SEC for government overreach and the significant impact on the coin's value.&nbsp;</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/GaryGensler/status/1859658192298574096 
 </div>
</figure>   
<p>Former SEC lawyer Marc Fagel weighed in on the matter, clarifying that the court had already found Ripple guilty of illegally raising over $700 million through an unregistered securities offering. As a result, Fagel argued that there is no valid case for Ripple to sue the SEC, stating that it was a decision already made by the court.</p>   
<p>A user, however, countered that the case was still in appeal, and since the outcome could go either way, it shouldn’t be dismissed outright. In response, Fagel reaffirmed his position, stating that the decision was not "alleged" but was indeed already decided by the court.</p>   [post_titles_links postid="383581"]   
<h2 class="wp-block-heading" id="h-xrp-sets-soaring-after-gensler-s-resignation"><strong>XRP Sets Soaring After Gensler’s Resignation:</strong></h2>   
<p>Crypto analysts are predicting big things for XRP. The altcoin has broken out of a six-year-long macro structure, signaling the start of a bull run and the next target sits at $2. This brings renewed optimism to the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP price prediction</a>, as many anticipate further gains.</p>   
<p>This bullish sentiment isn’t limited to XRP. The entire altcoin market is looking strong, with <a href="https://coinpedia.org/price-analysis/ethereum-price-analysis-will-eth-price-rally-beyond-3321-soon/" target="_blank" rel="noreferrer noopener">Ethereum starting to gain momentum</a>, though it has been underperforming in this cycle compared to Solana. Solana itself is seeing major gains, <a href="https://coinpedia.org/price-analysis/solana-eyes-260-breakout-as-fibonacci-levels-target-602/" target="_blank" rel="noreferrer noopener">currently priced at $257</a>, and XRP has surged over 66% in the last seven days, positioning it as a leader among altcoins.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732275535369">
  <strong class="schema-faq-question"><strong><strong>How much will XRP be worth by the end of 2025?</strong></strong></strong> 
  <p class="schema-faq-answer">XRP might reach a high of $2.49 or an average of $1.73.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732275539360">
  <strong class="schema-faq-question"><strong><strong>Did Ripple win the lawsuit?</strong></strong></strong> 
  <p class="schema-faq-answer">Ripple (XRP) has secured regulatory clarity in the lawsuit driving a positive price action.&nbsp;&nbsp;</p> 
 </div> 
</div>

XRP News: Can Ripple Sue The SEC And Gary Gensler For Possibly Reducing XRP’s Value?

Table of Contents

CoinPedia News

Other articles published on Nov 22, 2024

As Bitcoin Hits the $100K Mark, Will Altcoins Follow? Analysts Evaluated

AI-Driven Tokens Redefining Crypto: 5 Emerging Altcoins Outpacing Ethereum!

Solana (SOL) Millionaire Spotlights 1 Altcoin That Could Turn $1,000 Into $250,000 With a 25,000%...

Solana and Dogecoin Investors Look to FX Guys for No-KYC Trading and Same-Day Payouts!

RCOF readies for likely Coinbase listing, eyes 1824% rally like PEPE

Blooket: How to Join, Login, and Play

Join our free newsletter for daily crypto updates!