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While Ripple (XRP) is making its way out of the Ripple vs. SEC conflict, investors appear baffled about the upcoming bearish sentiment. Meanwhile, the presale powerhouse DTX Exchange (DTX) has made headlines with its mind-blowing presale collection that crossed $10.38 million and is on the verge of becoming the biggest ICO of the year as investors flock to the network.
Caroline Crenshaw In, Gary Gensler Out: RLUSD Goes Live
The clouds are clearing for Ripple as recent events have given it a boost, possibly changing the course of its legal battle. Trump’s promise to fire SEC Chair Gary Gensler on day one seems to be coming true, as Gensler announced his resignation on January 20, the same day Trump was inaugurated. This big news helped push XRP to new yearly highs.
Plus, Ripple’s RLUSD launched on December 17, taking a big step toward global growth. Meanwhile, SEC Commissioner Caroline Crenshaw became a target of the crypto community due to her strong anti-crypto stance and was denied renomination. All of these events could lead to something big on January 15, especially with Paul Atkins soon taking over as SEC Chair. Many are hopeful that this will bring a more relaxed approach to crypto regulation.
What Will Happen on January 15?
The SEC has requested an extension to file its principal brief in the ongoing XRP lawsuit with Ripple Labs. The new deadline for filing is set for January 15, 2025. According to attorney Fred Rispoli, this part of the case is strictly about paperwork, no new evidence or jury trial. There are two appeals in the process: one from the SEC and another from Ripple, called a “cross-appeal.”
Ripple vs SEC Final Showdown
Each side will submit an opening brief, followed by an opposition brief, and then a reply brief. Afterward, there will be a 15-minute oral argument in front of three judges. Fred said that while the argument is brief, it will be crucial, as the judges’ questions can provide insight into their initial thoughts on the case.
However, he also said that the entire process could take up to a year and a half despite the short duration of the oral argument. Even if the legal case continues, supporters remain optimistic that the new government will implement the right measures to support the crypto industry.
Another bullish development is that Empower Oversight is urging Congress to release an SEC Inspector General report on former chairman Jay Clayton’s actions. This report could bolster their investigation before Clayton is confirmed as U.S. Attorney for the Southern District of New York.
DTX Exchange Disrupts The Market With ‘Phoenix Wallet’ Launch
DTX Exchange’s ‘Phoenix Wallet’ has entered the market as the primary gateway to secure asset management. Whether it’s trading stocks, crypto, or forex, DTX Exchange’s all-in-one product supports over 100,000 financial instruments with robust security. Powered by the Vulcan X blockchain, DTX’s next-gen wallet supports lightning-fast transactions with complete control.
With DTX Exchange, retail traders can access liquidity with its 1,000x leverage feature. This unprecedented capital expansion allows investors to make generational returns on single trades. Through its insane trading tools, DTX Exchange turns small market moves into major gains while offering complete control over trading performance.
DTX Exchange (DTX) Presale Rally Hints At Breakout Soon
The surging demand for the deFi newcomer DTX Exchange (DTX) is preparing for a breakout after selling over 100 million tokens in its ongoing presale. With over $2 million raised in a private seed round, investors are increasingly switching to this new entrant in the crypto ecosystem that offers distributed liquidity pools, non-custodial wallets, and lightning-fast execution.
As Ripple (XRP) escapes the legal grounds after the Ripple vs SEC conflict comes to an end, the majority of investors in the crypto market are reverting to Ripple to test its renewed potential. Meanwhile, the deFi project DTX Exchange (DTX) is also making headlines with its mind-blowing presale performance and a potential 300% rally in 2025. Join now!
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