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The departure of Gary Gensler from the U.S. Securities and Exchange Commission (SEC) has coincided with a powerful rally in XRP, the cryptocurrency at the heart of a long-standing legal battle with the regulator he once led. On January 20, 2025, the day Gensler officially stepped down as SEC Chair, XRP was trading at $2.95. As of July 18, the token has surged to $3.41, marking a 15.42% gain over six months. XRP price since Gensler resigned. Source: CoinMarketCap That means a $1,000 investment in XRP on the day Gensler exited the SEC is now worth $1,154, netting a return of $154 in just under 180 days. This follows months of bullish momentum that began building after Gensler’s resignation announcement back in November 2024, when XRP was trading around $1.10. From that November 21 price level, XRP has now climbed over 209%. XRP price since Gensler announced he would resign. Source: CoinMarketCap XRP trading volume In parallel, XRP’s trading volume has rem...

The Ripple case took a new turn when former SEC lawyer Marc Fagel clarified confusion about a recent court filing. SEC Chairman Gary Gensler also stressed the agency’s enforcement-based regulatory stance. On October 22, the Second Circuit Court filed an “Acknowledgment and Notice of Appearance Default Notice .” #XRPArmy #XRPCommunity Filed today: pic.twitter.com/IJwJhfdd9h — Sherrie (@CherryEmpress21) October 22, 2024 Also Read: Jio Financial Targets ₹350 as Allianz Insurance Partnership Underway Insight into SEC’s Regulatory Stance and Ripple’s Legal Battle Court Filing Details NOTE: This has nothing to do with the SEC, or any supposedly late filing (which wasn't late). This is directed at Larsen, who has not yet filed his appearance in this case. — Marc Fagel (@Marc_Fagel) October 22, 2024 Former SEC official Marc Fagel pointed out that the filing targets Ripple co-founder Chris Larsen. “This has nothing to do with the SEC, or any supp...

The Securities and Exchange Commission (SEC) has accidentally uploaded Gary Gensler’s draft speech on the “public good of disclosure“ complete with suggested tweaks and notes. The speech, posted to the SEC’s website today, was prepared for the Peterson Institute for International Economics and archived by users online. It Features internal comments that show edits on repetitive sentiment, “diplomatically helpful” suggestions, and general cuts to the speech.  For instance, after a line about large financial institutions restructuring “in the face of a potential failure,” an edit suggests, “I strongly recommend that a sentence be placed here (or somewhere in the first part of the speech) to reassure markets that you are not making the speech because you think there is an imminent crisis ” (emphasis ours).  Another edit suggests, “It may be diplomatically helpful to acknowledge that we have had constructive dialogues with many regulators,” before highlighting that the UK’s B...