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Ripple CLO Criticizes Gary Gensler’s Justification For Crypto Lawsuits

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4 months ago

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Ripple Chief Legal Officer (CLO) Stuart Alderoty has criticized the US Securities and Exchange Commission (SEC) Chair Gary Gensler following his attempt to justify the crypto lawsuits that the Commission has instituted. The Ripple CLO’s statement has come amid speculations that Gensler could soon resign as the SEC Chair.

Ripple CLO Criticizes Gary Gensler’s Claim On Crypto Lawsuits

In an X post, the Ripple CLO criticized Gensler’s attempt to justify his four-year-long political crusade to destroy crypto by claiming he just continued what Jay Clayton began. Stuart Alderoty states this is like “burning down the house” and pleading innocence by arguing that Clayton lit the match.

Alderoty was referring to Gary Gensler’s speech in which he discussed the crypto industry. Gensler stated that when he arrived in 2021, the Commission under Jay Clayton had already brought 80 actions, including the Ripple case. The US SEC Chair remarked that this lawsuit was against participants in the crypto markets who were not following the “common-sense rules” of the road.

However, the Ripple CLO believes that the fact that Clayton instituted these lawsuits doesn’t justify all that Gensler has done in his four years as the SEC Chair to hinder the crypto industry’s growth. Gensler is known for his anti-crypto stance and has argued that most crypto assets are securities.

Interestingly, Gensler also hinted in that speech that he would likely resign soon enough as the SEC Chair. Individuals like former SEC official John Reed Stark have called on Gensler to resign since Donald Trump won the US presidential elections.

Meanwhile, the SEC looks to be getting a taste of its medicine. 18 US state attorney generals have filed a lawsuit accusing the SEC of a constitutional overreach in crypto regulation.

The Next SEC Chair Will Be Pro-Crypto

Amid the Ripple CLO’s statement, journalist Eleanor Terrett has confirmed that the next US SEC Chair will be pro-crypto. However, she suggested that the crypto industry and community should focus more on who becomes the next Commodity Futures Trading Commission (CFTC) Chair.

This came as she cited sources who told Fox Business that the Donald Trump administration is looking to give the CFTC more responsibility regarding crypto regulation. She added that it is unclear how the CFTC will go about this, but it will require more funding than it currently has.

Meanwhile, it is worth mentioning that Ripple CEO Brad Garlinghouse recently expressed enthusiasm about the shifting regulatory landscape. Ripple CLO Stuart Alderoty had also recently called on Donald Trump to work towards fulfilling his promise of making the US the crypto capital by ending the SEC’s regulation-by-enforcement approach.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Brad Garlinghouse Discusses Ripple’s Future, Crypto Legislation & Blockchain Technology As Lawsuit Ends

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60 minutes ago

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March 24, 2025

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Ripple CEO Brad Garlinghouse recently discussed what is next for his firm and how crypto legislation could also positively impact the crypto industry’s trajectory and the future of blockchain technology. This comes just days after the US SEC agreed to drop the long-running Ripple lawsuit.

Ripple CEO Brad Garlinghouse Reveals What As SEC Drops Lawsuit

In a FOX Business interview, Brad Garlinghouse discussed what next for his firm following the SEC’s decision to drop the Ripple lawsuit. He noted that about 95% of the company’s customers are overseas, as the lawsuit hindered their US operations.

However, he suggested that will likely change moving forward as they grow their operations in the country. Garlinghouse remarked that they have already been witnessing domestic interest since US President Donald Trump took office. The Ripple CEO revealed they have signed more deals since then than in the six months preceding Trump’s inauguration.

The company is expected to grow further in the US after the SEC agreed to drop the Ripple lawsuit. Brad Garlinghouse predicts that his firm’s innovative technology will play out over the next ten to twenty years in terms of how it integrates and rewires the US financial structure in terms of payments, real estate, and securities transactions.

The Ripple CEO again took time to highlight how Trump’s crypto-related executive orders, especially the creation of the Strategic Bitcoin Reserve and Digital Asset Stockpile, have created a more friendly environment for crypto firms in the US.

He noted that financial institutions are now more open to crypto technology. As CoinGape reported, the OCC has cleared Federal Banks to engage in crypto activities.

On Stablecoin Legislation & Its Impact

Brad Garlinghouse commended the efforts of legislators like Senator Cynthia Lummis and Rep French Hill to provide regulatory clarity. These lawmakers are championing the market structure and stablecoin bills to create a regulatory framework that will guide crypto firms. Senator Lummis also recently reintroduced the Bitcoin Act to codify Trump’s vision of a Strategic Bitcoin Reserve.

The Ripple CEO welcomed the idea of regulatory clarity, stating that it would reassure customers that they can engage with them in good faith. He remarked that these customers would feel more comfortable using their technologies without fear of regulators attacking them. Garlinghouse added that this would also enable more job creation, innovation, and capital formation in the US.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Analyst Predict XRP Price Could Hit $77 in This Bull Cycle

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1 day ago

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March 23, 2025

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A market analyst has presented a bold projection for XRP price movement, suggesting it could reach as high as $77.7 during the ongoing bull market cycle. This prediction is based on the application of advanced technical tools, including Exponential Fibonacci models and Elliott Wave theory, which are often used to forecast long-term price trends in financial markets. 

According to the analyst, conventional linear models fail to capture the compounding nature of crypto price movements, especially during the upcoming altcoin rally.

XRP Price Prediction: Analyst Says $77 Target Possible in Current Bull Cycle

Crypto analyst Dark Defender revealed XRP price could climb to $77.7 during the current market cycle. The forecast is based on the use of Exponential Fibonacci levels, a method he claims is underused in crypto market analysis. He explains that standard linear projections do not reflect the actual growth patterns often observed during accelerated market conditions.

Dark Defender outlines a five-wave impulse structure based on Elliott Wave theory. In his analysis, Wave 3 is positioned as the most explosive part of the cycle. He suggests that the top altcoin rally may first move between $5 and $8 during this wave. A further push toward $18 to $23 is anticipated before the final wave.

Wave 5, the final leg in the structure, is projected to carry XRP price into three-digit levels. His analysis sets the upper range at approximately $77.7, based on the extended Fibonacci measurements. This would mark a substantial increase from current levels and surpass previous highs.

XRP priceXRP price
Source: X

Technical Indicators and Chart Patterns Supporting the Outlook

Dark Defender’s projection includes a review of multiple technical indicators. He references Relative Strength Index (RSI) trends and momentum indicators as supporting factors in his analysis. These tools suggest continued bullish pressure, especially on higher time frames like the monthly chart.

Volume clusters are another factor he incorporates. According to the chart data, strong accumulation zones have formed, typically supporting future crypto rallies. He also notes that current price movements mirror those of previous bull runs, reinforcing the idea of an upcoming altcoin rally.

Chart structures from earlier cycles show similar formations that preceded large price expansions. These historical similarities, momentum signals, and volume behavior form the basis of his extended projection for the XRP price.

Meanwhile, another more bullish analysis projects the Ripple token could cross $1,000 if the partnership with SWIFT leads to the global adoption of XRP for real-time liquidity in cross-border payments. Analysts suggest that such integration would require massive XRP reserves and institutional demand, which could drive the altcoin rally.

Additionally, analyst Egrag Crypto has also shared a bullish forecast for XRP price earlier on. He places initial targets between $5 and $6, with a possibility of reaching $10. His prediction is partly tied to the recent resolution of the Ripple lawsuit by the U.S. Securities and Exchange Commission, which some believe could act as a catalyst for further gains.

Egrag Crypto’s analysis also uses Fibonacci levels, identifying consistent full-body monthly candle closings above Fib 1.0. He states that this chart’s behavior reflects price strength and momentum. A potential altcoin rally to the Fib 1.618 level, targeting up to $10, remains a possibility according to his analysis.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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US FOMC, XRP Lawsuit, & Pi Network In Spotlight

Published

2 days ago

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March 23, 2025

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The crypto market concluded another week, primarily witnessing major developments surrounding the U.S. FOMC, XRP lawsuit, and Pi Network. While the Ripple community rejoiced in light of the U.S. SEC lawsuit end, the Fed Reserve kept interest rates unchanged. Simultaneously, Pi Network fluxed around the $1 mark this week, triggering a wave of speculation among investors.

Other developments like a SUI ETF filing followed, stirring market optimism globally. Mentioned below are some of the top market updates reported by CoinGape over the past week.

US FOMC Sparks Crypto Market Speculations With Unchanged Interest Rates

The crypto market saw the latest US FOMC in play, with the Federal Reserve deciding to keep interest rates unchanged at 4.25 to 4.5% this week. Nevertheless, speculations of a dovish stance as the year longs persist across the market.

Fed Chair Jerome Powell stated that the inflation outlook is transitory with the Donald Trump-induced tariff in North America. Notably, the Fed appears to be gauging the impact of recent macro dynamics before making a rate cut decision.

BitMex CEO Arthur Hayes further took the stage amid the FOMC decision, stating he believes a rate cut is looming for April 1. In turn, the CEO also anticipated a BTC rally to follow, given that the feat happens. Bitcoin closed the week at the $84K price level, whereas major altcoins mainly prevented downturns.

XRP Lawsuit End: Affirms Ripple CEO

Simultaneously, Ripple’s CEO Brad Garlinghouse proclaimed that the U.S. SEC has agreed to drop the XRP lawsuit this week. While this news offered the Ripple community immense relief, a butterfly effect occurred in the crypto market. The SEC’s stance on cryptocurrencies saw a loosened grip under Trump’s presidency.

Meanwhile, CLO Stuart Alderoty revealed the next steps following the U.S. SEC’s declaration of an appeal drop in the lawsuit. In the interim, XRP price closed this week considerably above the $2 level, although the weekly chart showed a dip of 2%.

Pi Network: What’s The Buzz?

Pi Network stole the broader market’s attention, showcasing a highly fluxing action over the past week. CoinGape reported that this volatility came attributed to nearly 129 million Pi Coins ready for an unlock, worth about $175 million, set to be added to the supply this month.

On the other hand, the crypto saw rising adoption in the Asian landscape this week. Vietnam-based Pi enthusiast Cryptoleakvn recently shared an update on X, highlighting a surge in Pi-accepting regions across the country.

However, the Pi token faced investor selloff concerns amid its turbulent price action this week. The lack of major announcements by the crypto team has added to market concerns about future movements.

In conclusion, mentioned above were some of the top crypto market updates reported by CoinGape over the past week. It’s also worth mentioning that Canary Capital filed for SUI ETF approval with the U.S. SEC this week.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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