CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
The Crypto Basic 2024-11-23 07:29:53

BitBoy Comments on SEC “Emergency Settlement” of Ripple Suit

Ben Armstrong, aka BitBoy, recently weighed in on the growing speculation within the XRP community about the SEC "calling an emergency settlement" in the ongoing Ripple lawsuit. This speculation coincided with the announcement that SEC Chairman Gary Gensler will resign from his position, with his resignation set to take effect on January 20, 2025. Among the ongoing enforcement actions Gensler oversees is the Ripple lawsuit, which has just entered the appeal phase.However, some XRP community members believe the appeal could be paused or dismissed now that Gensler's departure is confirmed. BitBoy Comments on the RumorsIn a recent live video , Ben Armstrong (BitBoy) addressed the rumors. While acknowledging the speculation, he clarified that he was unsure of the claim's validity and promised to investigate further. For context, the "emergency settlement" speculation stems from the SEC's weekly closed-door sessions that discuss pending cases and injunctions. The SEC held one such session on November 21, the same day Gensler publicly disclosed his resignation.Notably, the rumors contributed to Friday's significant price surge in XRP . The asset rallied over 40% to reach $1.60 for the first time in three years.Former SEC Lawyer Confirms Likely Ripple Appeal DismissalMarc Fagel, a former legal representative of the SEC, also weighed in on the matter. He noted that while there have been many fabricated reports in the past about Ripple’s settlement discussions during the SEC's closed-door meetings, the latest rumor appears more credible. “The last 200 posts about SEC weekly meetings were completely made up, but this one is totally true,” Fagel said .Fagel also pointed out that if the appeal were to be dismissed—an outcome that would be historically unusual but still possible—it likely wouldn't happen until after the new SEC Chair is appointed and confirmed. This means there will likely be ample time for more false reports and speculation leading up to the January 15 brief filing, he added.https://twitter.com/Marc_Fagel/status/1859646331540935064Interestingly, Gensler’s resignation date coincides with Donald Trump's inauguration as the 47th president of the United States, scheduled for January 20, 2025. During his presidential campaigns, Trump had promised to remove Gensler from office on his first day. However, Gensler has chosen to step down on the very same day that Trump will assume office.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta