Ripple (XRP-USD) executives are firing back at the SEC for refusing to postpone its appeal in the ongoing XRP case, even as Chair Gary Gensler prepares to step down on January 20. Ripple’s Chief Legal Officer Stuart Alderoty called the move a “waste of time and taxpayer dollars” but expressed confidence in Ripple’s position on appeal. The SEC’s case against Ripple, filed in 2020, centers on allegations that XRP was sold as an unregistered security, with Ripple already fined $125 million in August.
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Leadership Shake-Up Sparks Optimism
Ripple CEO Brad Garlinghouse hinted at a potential shift in the SEC’s approach to crypto enforcement under incoming President Donald Trump’s administration. Trump, who campaigned on firing Gensler, plans to nominate crypto-friendly former commissioner Paul Atkins to lead the agency. However, Atkins’ confirmation depends on Senate approval.
Ripple’s Pro-Crypto Advocacy Grows
Ripple isn’t just fighting legal battles—it’s investing in political change. The company contributed $45 million to the pro-crypto Fairshake PAC during the 2024 election cycle and pledged another $25 million for 2026 midterms. As Alderoty pointed out, Ripple is gearing up for a brighter future under new SEC leadership.
At the time of writing, XRP is sitting at $2.8634.