Gary Gensler is set to resign as the SEC Chair on the 20th of January, paving the way for new SEC leadership. Ripple’s CEO, Brad Garlinghouse, sees Trump’s win as a positive move for the company, potentially influencing XRP’s legal standing and improving its status for transactions.

XRP has gained 15% in value year-to-date, trading at 2.40 USD. This positive trend positions it above most cryptocurrencies, including Bitcoin. The potential market changes and leadership shifts at the SEC could further boost XRP’s status, possibly alleviating previous drawbacks faced by Ripple.

The SEC’s four-year legal battle sought to determine if XRP is a security or commodity, leading to market uncertainty. The appointment of Paul Atkins as SEC Chair is welcomed by the crypto community, suggesting a possible favorable resolution for XRP, potentially boosting its valuation if the appeal is dropped.