Gary

<p>Gary Gensler, the controversial head of the U.S. Securities and Exchange Commission (SEC), <a href="https://coinpedia.org/news/big-breaking-sec-chair-gary-gensler-officially-resigns/" target="_blank" rel="noreferrer noopener">will step down on January 20, 2025</a>, as announced by the agency recently. Gensler, who was widely criticized by crypto investors during his tenure, will leave just days before a major decision in the <a href="https://coinpedia.org/news/ripple-vs-sec-update-january-2025-could-be-a-turning-point-for-xrp-lawsuit/" target="_blank" rel="noreferrer noopener">SEC's ongoing legal battle with Ripple</a>, set for January 25, 2025.</p>   
<h2 class="wp-block-heading" id="h-what-gary-gensler-s-departure-means-for-the-sec-s-ripple-lawsuit"><strong>What Gary Gensler's Departure Means for the SEC's Ripple Lawsuit</strong></h2>   
<p>However, despite Gensler’s departure, the future of the SEC's approach to crypto remains uncertain. <a href="https://x.com/Belisarius2020/status/1864779755502903379" target="_blank" rel="noreferrer noopener nofollow">Bill Morgan</a>, an attorney closely following the case, pointed out that the SEC’s new chief litigation counsel, Jorge Tenreiro, is deeply involved in the Ripple litigation.&nbsp;</p>   
<p>Tenreiro, who will be the key lawyer in the SEC v. Ripple case, may continue in this role even after the confirmation of the new SEC commissioner, Paul Atkins. Morgan expressed skepticism about any significant shift in the SEC's stance on crypto if Tenreiro remains in charge of the litigation.</p>   
<p>Morgan warned against assuming that the SEC’s decision not to file its brief in the Ripple case by January 15, 2025, signals a change in approach. He said that Tenreiro would still be handling it. Morgan wrote, “If Tenreiro stays in the new role it will not signal a big change in SEC enforcement policy towards crypto. Even if there is a change the SEC v Ripple Appeal may continue.”</p>   [post_titles_links postid="390128"]   
<h3 class="wp-block-heading" id="h-jorge-tenreiro-s-role-will-the-sec-s-stance-on-xrp-change"><strong>Jorge Tenreiro’s Role: Will the SEC's Stance on XRP Change?</strong></h3>   
<p>In response, Marc Fagel, a former SEC lawyer, clarified that trial counsel like Tenreiro do not make policy decisions; they handle enforcement actions approved by the SEC’s Commissioners. Fagel asked whether there was any example of a new SEC administration dismissing a pending enforcement action, though he acknowledged that future changes could deviate from past norms.</p>   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
<p>As the January 2025 appeal deadline approaches, it remains to be seen how the SEC's leadership transition will impact the outcome of the Ripple case and the agency's overall approach to the cryptocurrency market.</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-1733493308831">
  <strong class="schema-faq-question"><strong>What impact will Gensler's departure have on the Ripple lawsuit?</strong></strong> 
  <p class="schema-faq-answer">Despite Gensler's exit, the SEC's approach may remain the same, with Jorge Tenreiro continuing to handle the Ripple case.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733493316619">
  <strong class="schema-faq-question"><strong>Will the SEC’s stance on crypto change after Gary Gensler leaves?</strong></strong> 
  <p class="schema-faq-answer">Legal experts suggest the SEC's crypto policy may not change significantly, even with a leadership transition and Tenreiro in charge.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733493339138">
  <strong class="schema-faq-question"><strong>What is the significance of the January 2025 Ripple case appeal deadline?</strong></strong> 
  <p class="schema-faq-answer">The Ripple appeal deadline in January 2025 is pivotal for the future of crypto regulation, potentially shaping the SEC's approach.</p> 
 </div> 
</div>

XRP Lawsuit News: Atkins Won’t Dismiss The Ripple Case, SEC Vs XRP To Continue

Table of Contents

CoinPedia News

Other articles published on Dec 6, 2024

The US SEC under Biden won’t entertain Solana ETFs anymore

Arbitrum and FET See Moderate Q4 Performances As Analysts Focus On This New Altcoin

XLM: A Potential Reserve Currency of the Future?

ORCA and ACX Soars Following The Binance Listing Announcement

BTFD Presale Stage 7: The Best Meme Coin for Massive Return Potential Amid Notcoin’s Notable Surg...

Australia to crack down on crypto ATM providers, citing money laundering risk

Join our free newsletter for daily crypto updates!