The No.1 name in the Ripple case is leaving SEC!
The securities lawsuit filed against Ripple before the end of 2020 has literally marked an already bad year for XRP investors . After the $ 1.2 billion securities lawsuit was filed against Ripple, the XRP price fell dramatically, while Ripple also opposed the decision and stated that they would not let go of the case.
SEC's Cryptocurrency Trigger Leaving His Mission
Marc P. Berger, vice president of the US Securities and Exchange Commission (SEC) team, often behind cases, leaves the SEC before the end of January. The resignation of SEC Chairman Jay Clayton was first announced, and the Ripple community saw it as a victory. Now Marc P. Berger, who is personally investigating Ripple and seen as the number one behind the case, resigns.
In the press release released by the SEC, it was confirmed that Berger will leave. It is also known that Berger stayed in this managerial position for a very short time. During his tenure, Berger launched the Ripple case, perhaps one of the biggest events of the SEC.
Berger Sued Many Projects
Berger is also known to have taken an active role and filed a lawsuit against Gram, another crypto money project of the SEC. The Gram cryptocurrency and Telegram Open Network blockchain network, for which Telegram raised $ 1.2 billion in funds, was literally destroyed after the lawsuit. Gram-named cryptocurrencies were shelved before they were put on the market.
In addition, Berger led legal action against Robinhood Financial LLC, Deutsche Bank AG and Luckin Coffee.
How Will XRP Be Affected By This?
It is noteworthy that such a key figure of the SEC leaves his post ahead of Ripple's first hearing on February 22. Ripple CEO Brad Garlinghouse recently stated that they will not give up the case and prove that they are right. In addition, it was seen that the CEO made high-level purchases for Ripple and added first Amazon and then an IBM official to the company.
The foliage of the SEC, as well as the steps Ripple has taken, definitely point to something about to happen on the XRP front. When the XRP price will be affected is a big mystery.