- Ripple’s legal battle has sparked settlement rumors, boosting XRP.
- Gary Gensler’s resignation has fueled market speculation.
- Garlinghouse has expressed optimism amid recent developments.
The XRP community is excited as fresh rumors of a potential “emergency settlement” in Ripple’s lawsuit with the SEC circulate. Whispers of a behind-the-scenes resolution have traders and investors on the edge.
Adding to the frenzy, SEC Chair Gary Gensler’s unexpected resignation announcement has sent shockwaves through the crypto market. With XRP’s price surging and optimism running high, could this be the turning point Ripple enthusiasts have been waiting for?
Ripple Settlement Talk Gains Momentum
Crypto influencer Ben Armstrong, known as BitBoy, recently addressed the swirling rumors about a possible settlement between Ripple and the SEC. In a YouTube video, BitBoy acknowledged the speculation but admitted, “I can’t verify the claims, but I’ll look into them further.” His comments have only intensified the buzz within the community.
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The speculation stems from the SEC’s closed-door meetings, where ongoing cases and injunctions are discussed. Notably, such a meeting occurred on November 21—the same day Gensler announced his resignation, effective January 20, 2025.
This coincidence has led many to believe a settlement might be on the horizon. Former SEC attorney Marc Fagel weighed in on the matter, stating that while previous reports about Ripple settlement talks were unfounded, the latest rumors seem more credible.
He noted that any resolution would take time, especially with a new SEC Chair needing appointment and confirmation before major decisions are made. “We might not see clarity until important deadlines, like the January 15 brief filing, are reached,” Fagel explained.
The idea of a settlement has fueled a significant surge in XRP’s price. The cryptocurrency has seen an almost 200% increase, reaching highs of $1.60 in recent days. Market experts are optimistic, with some suggesting that XRP could hit $2 soon and potentially even $10 in the next bull run.
XRP Soars 60% After Trump Appoints Treasury Head
Adding another layer to the unfolding story, Ripple CEO Brad Garlinghouse shared what he called “good news” with the XRP community. Garlinghouse announced that Donald Trump had elected Scott Bessent, a prominent hedge fund manager known for his pro-cryptocurrency stance, as the next Secretary of the Treasury.
“Scott Bessent is the perfect choice for pushing forward innovation and supporting cryptocurrency,” Garlinghouse tweeted. “He could be the most crypto-friendly Treasury Secretary the U.S. has had.”
Bessent’s appointment has been met with enthusiasm from crypto enthusiasts. His background as the founder of Key Square Group and his experience working with George Soros position him as a strong advocate for digital assets. With his pro-crypto stance, many believe Bessent could help shape policies that promote growth within the industry.
The market reacted swiftly to the news. XRP’s price surged by over 60%, reaching $1.56. Analysts believe Bessent’s appointment could signal the end of the long-running Ripple vs. SEC battle and open new doors for the industry.
On the Flipside
- Gary Gensler’s resignation may not immediately impact ongoing SEC cases, including Ripple’s.
- A new Treasury Secretary’s influence on the SEC is indirect, and policy changes could take time.
- Market volatility remains high; investors should exercise caution amid speculation.
Why This Matters
A potential settlement with the SEC would remove a major cloud hanging over XRP, potentially leading to widespread adoption and institutional investment. As Ripple’s ecosystem evolves and regulatory clarity improves, XRP could be poised for substantial gains, potentially reaching new all-time highs.
Discover what Ripple and Cardano’s latest developments mean for the market and what’s potentially on the horizon:
Ripple & Cardano Tease Major Move—Here’s What to Expect
Learn how XRP’s price action, legal battles, and recent news could shape its future trajectory:
XRP Tags $1.26 Amid SEC Battle, Trump’s Win, and What’s Next
