Post
Topic
Board Altcoin Discussion
Re: XRP - Post Lawsuit Possible Outcomes & Thoughts
by
axeholm
on 11/02/2021, 02:05:07 UTC
A reason why Ripple may likely beat the suit may be that the duties of Chairman heading the Securities and Exchange Commission has been passed on to Gary Gensler, a former chair of the Commodities Futures Trading Commission (CFTC). Gensler has been known to be very crypto-friendly, defining Bitcoin as “a catalyst for change” previously, while his colleagues were adamant on classifying cryptocurrencies as Ponzi schemes.

He will be engaging with during the lawsuit may likely play in XRP’s outcome, as there is a familiar face on Ripple’s legal team: Mary Jo White. White and Gensler had both previously served as a Chairman of the SEC, under Barack Obama.

No one really knows what will happen to XRP after the lawsuit against Ripple is settled, but I think everyone must buy XRP off the open market. Clarity is set and institutions pour in as they have been waiting for this moment.