The party's leadership at the SEC is expected to change on January 20, but that won't change the regulator's plans to move forward on its enforcement issues.

Stuart Alderotti, Chief Legal Officer at Ripple chirp On January 14, the SEC declined to postpone a hearing on its appeal of the favorable ruling.

Despite the saber rattling from the SEC, investors in Ripple-linked XRP were undeterred. the Ripple price It was on a tear and rose to $2.99 ​​(or above $3.00, according to Coinbase). The price is up 15.8% since this time yesterday, according to CoinGecko data.

Organizer She filed her appeal in mid-October 2024 After a Judgment July 2023 It favored Ripple in part by concluding that the company's sales of XRP to retail investors on digital asset platforms did not violate U.S. securities laws.

But things haven't been smooth sailing for Ripple Labs in the courts. In August 2024 judge Ripple was found liable for $125 millionDeclaring that the company violated securities regulations while raising money. The civil lawsuit was first filed at the end of 2020, under former SEC Chairman Jay Clayton.

Alderotti criticized the use of taxpayer money but expressed confidence in Ripple's position. He expressed concern about wasting resources because he believes the changes in SEC leadership coming with the Trump administration will negate the legal battle anyway.

Ripple's chief legal officer wrote that when the new administration takes office on January 20, "the war on cryptocurrencies is over at the SEC." He described the refusal to postpone the appeal hearing as a “waste of time and taxpayer money.”

CEO Brad Garlinghouse expressed a similar stance in a tweet His own. He called the decision "very brand-related" for current SEC Chairman Gary Gensler. According to him, he "completely rejects the 2024 elections and the American public" and sticks to his "failed agenda of regulation by execution."

Ripple has been proactive in changing the anti-cryptocurrency political climate. In 2024, she contributed $25 million to the Fairshake PAC for “pro-crypto” candidates. Three times.

Modified by Stacey Elliott.