Gary Gensler Exit Rumors Propel XRP Higher

The crypto market has exploded in recent days, with a spectacular rise of 39 % of XRP, now valued at $0.80. This dizzying rally is driven by speculation related to a potential upheaval at the head of the Securities and Exchange Commission (SEC). As rumors about the resignation of its chair, Gary Gensler, surface, investors seem to anticipate a regulatory easing that could transform the crypto ecosystem.

XRP: a surge fueled by speculation

The rapid ascent of the price of XRP to $0.80 represents a 15 % increase in one day and 39 % over a week, which attracts investors’ attention. This skyrocketing rise is largely attributed to recent statements from Gary Gensler, chair of the SEC, which have sparked rumors of a possible resignation. Although these comments have remained vague, they have been enough to galvanize the market. The association of XRP with Ripple, which has won a partial victory against the SEC, further amplifies this momentum. Financial observers see this rise as an expression of renewed investor confidence, ready to bet on a more favorable regulatory climate.

Meanwhile, this rise is accompanied by increased optimism around reaching an important psychological threshold: $1 per XRP. The excitement also rests on the perception that the potential departure of Gary Gensler could represent a shift in the SEC’s strict approach to cryptos. However, this view remains speculative, without official confirmation for now.

A changing SEC, open perspectives

The figure of Gary Gensler, often seen as an uncompromising regulator, plays a central role in the current market climate. His firm stances on cryptos, particularly against Ripple, have crystallized tensions between regulators and innovators in the sector. Rumors about his departure raise crucial questions: who will take over the direction of the SEC, and what will the adopted policy be? A resignation would change the game for crypto companies, but there is no guarantee of a better approach.

Beyond the rumors, the market is already anticipating a potential rebalancing of regulation, which could facilitate innovation and provide better legal clarity. If Ripple and XRP find themselves on the front lines of potential beneficiaries, the entire crypto industry could benefit from a favorable environment. However, a more measured and gradual approach remains likely, aiming to temper the current euphoria.

The surge of XRP illustrates the central role of regulatory dynamics in the evolution of cryptos. While the prospect of Gary Gensler’s departure opens promising perspectives for Ripple and other players, it also highlights the market’s fragility in the face of speculation. The near future could see XRP crossing the symbolic $1 mark, but at what cost? Between hope and uncertainty, the crypto industry remains suspended on the evolution of American regulations.