This Friday Signs Gary Gensler's last full day as SEC Chairman.

Ripple, the San Francisco-based company known for its association with the cryptocurrency XRP, has already Celebration Gensler's imminent departure.

“Starting tomorrow, ‘Gary who?’ will be the only appropriate response if someone mentions his name Onward,” Stuart Alderotti, Ripple’s chief legal officer, said on social media.

Earlier this week, the SEC filed its opening brief in the much-talked-about appeal against Ripple.

However, Alderotti has already dismissed the new development as mere “hype,” expressing confidence that the incoming SEC administration will drop the lawsuit.

Earlier, Reuters reported that the SEC's new leadership may freeze some enforcement cases related to cryptocurrencies that do not involve fraud.

like Reported by U. TodayRipple's CEO announced that he will step down from his position in late November.

Gensler just said it was "the privilege of his life" to serve as SEC chairman.

Gensler, who once taught a class at MIT on cryptocurrencies and blockchain, chaired the SEC in 2021. He was initially seen as a pro-crypto pick by the industry, along with Ripple CEO Brad Garlinghouse. Express support To set it.

However, the cryptocurrency industry quickly turned against Gensler due to the SEC filing lawsuits against several prominent cryptocurrency companies.

During a The last interviewGensler also downplayed the SEC's crackdown on cryptocurrencies, claiming it represents only 5% of the agency's enforcement powers.