$XRP The US Securities and Exchange Commission’s (SEC) refusal to extend the deadline to file its appeal brief against Ripple highlights the ongoing tension between the two sides. Ripple’s chief legal officer, Stuart Alderotti, expressed his dismay at the decision, noting that the company had tried unsuccessfully to request an extension.

Context:

Change in SEC Leadership:

Current SEC Chairman Gary Gensler will step down on January 20, potentially leading to a shift in the SEC’s stance on crypto regulation, particularly under the leadership of Paul Atkins, who is known for his pro-innovation stance in the crypto space.

Ripple’s Efforts:

Despite the legal battles, Ripple continues to invest in charitable initiatives. Its recent contributions include supporting California wildfire relief efforts, reflecting its desire to maintain a positive image amid the legal disputes.

XRP Price Development:

Price Increase: The price of the digital currency XRP has increased significantly, as it is currently trading at $2.8 after being at its lowest levels at $2.5 during the previous day.

Resistance Points: The coin is approaching the $2.90 resistance level, which is its highest price in six years, with investors expecting a new historical high in the coming weeks.