A day before Donald Trump’s inauguration, Gary Gensler stepped down as chairman of the U.S. Securities and Exchange Commission (SEC). His resignation paves the way for Mark Uyeda, a pro-crypto Republican, who has now been appointed as the interim SEC chairman by Trump.
Ripple and XRP See Renewed Optimism
Gensler’s departure has sparked optimism within the XRP community, as Ripple struggled under his regulatory approach. With Uyeda known for criticizing the SEC’s harsh stance on crypto, many believe Ripple could finally gain regulatory clarity.