Ripple’s case with the US Securities and Exchange Commission (SEC) is witnessing developments that could have major implications for the future of cryptocurrencies in general. According to economic journalist Gasparino, there is a possibility that the ruling in Ripple’s favor could be reversed or even the case could be dismissed altogether. This possibility could increase in light of potential political changes, such as the resignation of SEC Chairman Gary Gensler, especially if there is a change in the political administration with Donald Trump taking office.
Possible scenarios and their impact:
1. Gary Gensler’s resignation:
Gensler is considered one of the most stringent figures in regulating the cryptocurrency market, and his resignation could lead to major changes in the SEC’s strategy, with the possibility of appointing new leadership that adopts more open policies towards cryptocurrencies.
2. Dismissal of the case or reversal of the ruling:
If the court decides to reverse the ruling or dismiss the case entirely, this could have a significant impact on strengthening Ripple’s position and confirming the legitimacy of other cryptocurrencies in the market. This could push traditional financial institutions to adopt these technologies more widely.
3. Change in strategy within the SEC: There is speculation that the SEC may reconsider its position on Ripple and similar issues, especially as legal and political pressure increases. A change in political leadership could accelerate this review process.
