The price of XRP token has jumped to $1.50 on the news that U.S. Securities and Exchange Commission (SEC) chair Gary Gensler is resigning from his post. XRP immediately shot up on Thursday, enjoying a 20% bump to reach its best price in the last three years.

Ripple’s native currency XRP jumped nearly 25% on Friday after SEC Chair Gary Gensler announced his resignation. The crypto asset last traded at $1.37, and is up 65.7% in the last week. Known for his strict enforcement approach, Gensler will officially step down on Jan. 20, coinciding with President-elect Donald Trump’s inauguration.

XRP surges 11% after SEC Chair Gary Gensler announces resignation. Bull pennant breakout signals a potential 30% rally, fueled by optimism for regulatory change.

The crypto space is speculating that Gary Gensler may have signaled he will resign in his latest remarks, sending $XRP prices up.

XRP price surges 26% to $1.40 amid reports of Paul Atkins succeeding SEC Chair Gary Gensler. Is a new all-time high on the horizon?

Gary Gensler, Chair of the United States Securities and Exchange Commission (SEC), will step down on January 20, 2025, the same day President-elect Donald Trump begins his second presidential term. Gensler’s resignation marks a significant leadership change for the SEC,

It has been an honor of a lifetime to serve with them on behalf of everyday Americans and ensure that our capital markets remain the best in the world,” Gary Gensler said.