SEC Ripple Lawsuit Twist: Leadership Shake-Up Could End Crypto’s Most Controversial Legal Battle

The SEC’s long-running lawsuit against Ripple may be nearing an end, hinted former CFTC chair Chris Giancarlo. With SEC head Gary Gensler stepping down and predictions of a crypto-friendly successor, the legal saga gripping the crypto world could soon conclude.

Giancarlo Predicts Ripple Victory Amid SEC Leadership Shake-Up
When asked about Ripple's potential delisting from the SEC's case during a recent interview on Fox Business, Chris Giancarlo—a former chair of the CFTC—predicted that the agency would do just that.

When asked by Charles Gasparino of Fox Business, "I would bet they would," Giancarlo responded.

Last month, the SEC reportedly submitted its notice of appeal to the court. Ripple then filed its own cross-appeal.

Ripple Lawsuit Hinges on Crypto-Friendly Leadership
The incoming chief financial officer of Wall Street is largely believed to take a crypto-friendly attitude, thus it's probable the SEC will settle its protracted legal spat with Ripple.

It was recently claimed by Stuart Alderoty, a top lawyer at Ripple, that the future head of the SEC should drop all non-fraud cryptocurrency prosecutions on Day 1.

Gary Gensler, head of the SEC, has officially announced his resignation effective January 1. After being at odds with the new head of the SEC, this gave the bitcoin market fresh hope.

Coinbase, Binance Also in the SEC's Crosshairs
Coinbase and Binance are among the crypto giants that the SEC has gone after, in addition to Ripple.

Forecasting platform Kalshi presently puts former SEC Commissioner Paul Atkins's candidacy for SEC chairman at 60%. Second place goes to Brian Brooks, the former CEO of Binance US, with 20%.

Giancarlo Shuts Down SEC Chair Speculation
Investment in Robinhood CLO One of the most popular candidates for the position of SEC head, Dan Gallagher, recently stated that he was not interested in being considered for the position.

According to U.Today, contrary to early speculation, Giancarlo has stated that he is not competing to succeed Gensler.

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