Ripple Lawsuit News: Model and XRP Holder Defends XRP, Blasts SEC for Suppressing Price

The post Ripple Lawsuit News: Model and XRP Holder Defends XRP, Blasts SEC for Suppressing Price appeared first on Coinpedia Fintech News

Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), announced his resignation, a move that many in the cryptocurrency community, particularly XRP holders, had been waiting for. This news caused XRP’s price to surge massively  in just a few hours, reaching a high of $1.51, the highest since May 2021. 

XRP’s impressive 150% price rise over the last 30 days has sparked optimism in the market. Many analysts believe that Gensler’s resignation could ease some of the regulatory pressure that Ripple has faced. 

Amid the chaos, Model Bri Teresi’s recent tweet in support of Ripple has been making noise. She said that XRP is not a scam, and no one is being paid to say that. She believes it’s important to reveal the corruption that has been hidden for too long. 

The model added that exposing the truth is the first step toward real change as we are entering a new era of transparency and accountability, and it’s time for the truth to come out. Bri also said that she has been an XRP holder for a while but hasn’t spoken up much—until now. With everything coming to light about the SEC’s role in suppressing XRP, she feels it’s time to use her platform to stand up and demand the truth be exposed. 

“I’ve been an XRP holder for a while, just not super vocal about it—until now. With everything coming to light about the SEC’s role in suppressing XRP, I feel it’s time to use my platform to take a stand and push for the truth to be exposed. Transparency is long overdue, and we need to hold those responsible accountable,” she wrote.

Could the SEC’s Appeal Against Ripple Be Dropped?

The SEC’s ongoing appeal in its case against Ripple, which is expected to continue until 2025, could also be influenced by the change in leadership. With Gensler out of the picture, Ripple might have a better chance of seeing a favorable outcome in its ongoing legal battles with the SEC.

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[Source: Coinpedia]