{"id":29363,"date":"2024-12-18T11:12:03","date_gmt":"2024-12-18T11:12:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=29363"},"modified":"2024-12-18T11:12:03","modified_gmt":"2024-12-18T11:12:03","slug":"good-news-for-ripple-anti-crypto-sec-commissioner-caroline-crenshaw-might-not-be-renominated","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=29363","title":{"rendered":"Good News for Ripple? Anti-Crypto SEC Commissioner Caroline Crenshaw Might Not be Renominated"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Ripple supporters are optimistic about potential SEC leadership changes, including departures of anti-crypto officials.
\nDonald Trump\u2019s nomination of pro-crypto advocate Paul Atkins as the next SEC Chairman fuels speculation that the agency may adopt a more innovation-friendly approach, possibly leading to a settlement in the case against Ripple.<\/p>\n

<\/a><\/span><\/h2>\n

The XRP Army Cheers the Rumors<\/h2>\n

Despite Ripple\u2019s numerous partial court wins, the legal battle against the US Securities and Exchange Commission (SEC) remains ongoing. The tussle was close to a final resolution earlier this year when Federal Judge Torres ordered the company to pay a $125 million penalty for violating <\/span>certain<\/span> laws. <\/span><\/p>\n

While Ripple was ready to abide by the ruling, the securities regulator <\/span>appealed<\/span><\/a> a 2023 verdict, thus extending the case. <\/span>After all, the <\/span>aforementioned fine<\/span> represented just a fraction of the $2 billion <\/span>that<\/span> the SEC initially insisted.<\/span><\/p>\n

According to some industry participants<\/span>, though<\/span>, Ripple has a better chance to emerge victorious due to a combination of factors.<\/span> Perhaps the<\/span> most important include the upcoming resignation<\/a> of the SEC\u2019s Chairman Gary Gensler.<\/span> He stayed in charge for over three years, during which the agency filed numerous lawsuits against crypto businesses.<\/span><\/p>\n

The end of his reign was <\/span>rather<\/span> expected<\/span> since Donald Trump <\/span>promised<\/span><\/a> to fire him after officially becoming president of the United States.<\/span><\/p>\n

Most recently, the Ripple community celebrated another potential change in the structure of the SEC. <\/span>According<\/span><\/a> to Eleanor Terrett (journalist at Fox Business), Commissioner Caroline Crenshaw will not <\/span>be renominated<\/span> to her position. She is known for her anti-crypto stance, warning about the potential for fraud and manipulation in the sector. Earlier this year, Crenshaw even <\/span>opposed<\/span><\/a> the approval of the spot Bitcoin (BTC) ETFs.<\/span><\/p>\n

Those cheering her potential absence from the SEC include popular X users like Moon Lambo and Zach Humphries. Fred Rispoli \u2013 an American attorney <\/span>who has been<\/span> following the developments of the Ripple v. SEC case \u2013 also <\/span>seemed<\/span><\/a> pleased.\u00a0<\/span><\/p>\n

The New SEC Leader<\/span><\/h2>\n

The Commission <\/span>might indeed<\/span> go into a pro-crypto direction next year under the leadership of the upcoming Chairman, Paul Atkins, who was nominated<\/a> by Donald Trump.<\/span> He has <\/span>been a proponent of<\/span> the cryptocurrency sector, advocating for a regulatory approach that fosters innovation in space while ensuring investor protection.<\/span><\/p>\n

It will be interesting to see whether the SEC will become less hostile toward the industry during his reign and whether the Ripple case will finally conclude with a settlement.\u00a0<\/span><\/p>\n

The post Good News for Ripple? Anti-Crypto SEC Commissioner Caroline Crenshaw Might Not be Renominated<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Ripple supporters are optimistic about potential SEC leadership changes, including departures of anti-crypto officials. Donald Trump\u2019s nomination of pro-crypto advocate Paul Atkins as the next SEC Chairman fuels speculation that the agency may adopt a more innovation-friendly approach, possibly leading to a settlement in the case against Ripple. The XRP Army Cheers the Rumors […]<\/p>\n","protected":false},"author":0,"featured_media":29364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29363"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29363"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/29363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/29364"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}