Outgoing Gary Gensler To File Last-Minute Opening Brief

Gary Gensler To File Last-Minute Opening Brief : Ripple Vs SEC Lawsuit

Outgoing Gary Gensler To File Last-Minute Opening Brief In Ripple Vs SEC Lawsuit

The Ripple vs SEC lawsuit is in focus yet again, as outgoing SEC chairman Gary Gensler is set to prepare the last-minute opening brief. The deadline is January 15 while pro-crypto Paul Atkins is set to take the seat on Jan. 20. 

Gensler is also expected to create challenges for Ripple with SEC’s chief litigation counsel Jorge Tenreiro, similar to Jay Clayton, former SEC chair.

The deadline of Jan. 15 was given by the 2nd Circuit Court of Appeals after the agency requested the same for submitting a brief.

The Lawsuit

The legal battle’s been all about whether XRP should be classified as a security or not. And it’s a key issue for the future of cryptocurrency regulation. The ongoing appeals by the SEC can still cause major implications for the crypto world. 

What’s Next For XRP?

XRP has been facing troubles due to the ongoing legal battle where it is claimed to be an unregistered security. However, with Gensler stepping down, things are expected to be better for XRP. There are already more investors flocking to XRP, with predictions coming of XRP’s potential of achieving all-time highs by the year end.