XRP, the seventh-biggest cryptocurrency by market capitalization, hit a new 2024 high of $0.847 on Thursday on the Bitstamp exchange.
The controversial token has surged by 16% over the past day alone. This makes it the top gainer among the top 100 tokens on cryptocurrency ranking website CoinGecko. Hedera (HBAR) and Stellar (XLM) come in second and third places after rallying 9.5% and 6%, respectively.
As reported by U.Today, the Ripple-affiliated token surged sharply higher on Thursday amid speculation that U.S. Securities and Exchange Commission Chair Gary Gensler might step down as soon as this Friday.
HOT Stories XRP Outperforming Every Cryptocurrency in Top 100 MicroStrategy’s Saylor Would Be “Surprised” if Bitcoin Fails to Hit $100,000 This Year Can Bitcoin (BTC) Reach $100,000 This Week? 136% Pepe (PEPE) Rally Makes Memes Look Like Jokes, Ethereum (ETH) Second Skyrocketing Incoming? XRP Hits New 2024 High Amid Gensler Resignation Rumors
Gensler's recent remarks suggest that he might end up leaving the agency in the near future.
The term of the current SEC boss has been defined by his legal battles with major crypto companies, including Ripple.
Stuart Alderoty, Ripple's top lawyer, recently amped up his criticism of Gensler, arguing that he has caused significant institutional damage to the SEC. "His legacy of undermining American innovation, and failing to uphold the law is shameful," he said.
Related
Wed, 11/13/2024 - 05:15 Cardano’s Hoskinson Praises Ripple CEO Garlinghouse
Alex Dovbnya
As many as 18 conservative states, including Texas and Florida, recently sued the SEC over its cryptocurrency clampdown.
"With 18 states suing to hold him [Gensler] accountable, I look forward to him soon becoming an unfortunate footnote in SEC history," Alderoty commented.
Of course, even after the most recent rally fueled by Gensler's seemingly imminent departure, XRP remains one of the worst-performing tokens overall. It is down 76.2% from its record high that was achieved almost seven years ago.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
