XRP News today: New SEC Chairman calls XRP a “currency”
Another piece of news that could have a not insignificant impact on the outcome of the SEC lawsuit against Ripple Labs could be the possible appointment of Gary Gensler as the new SEC chairman. According to a Reuters report, President-elect Joe Biden will appoint Gary Gensler to head the SEC.
As CNF reported, Gensler is considered to have an affinity for crypto, which is reflected in his tenure at MIT as a professor of blockchain, digital currencies, financial technology and public policy. What a Gensler tenure could mean for Ripple, however, seems unclear.
While Gensler has expressed in the past that there is a “strong argument” that XRP is a security, he also said the same thing about Ethereum, which was subsequently classified as a non-security. Interestingly, a video surfaced yesterday of Gensler giving a talk as an MIT professor in which he refers to XRP as a “bridge currency.
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0:00 Intro
0:26 Gatehub XRP announcement
1:40 Crypto Mom says SEC can take a fresh new look at Crypto
3:37 New SEC Chairman calls XRP a “Currency”
5:58 Brian Brooks Leaves OCC role
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Articles:
Gatehub announcement
Hester Peirce Says SEC Can Take ‘Fresh Look’ at Crypto Under Biden
SEC enforcer behind Ripple lawsuit resigns – new chairman called XRP a ‘bridge currency’ in 2018
Brian Brooks, Crypto-Friendly Bank Regulator, Expected to Step Down This Week: Report
Ask Me Anything with Brian Brooks, Acting Comptroller of the Currency
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