>>20255033Gary Gensler's term is up on June 5th, 2026.
If a replacement isn't found for him in time, he can serve up to 18 months past the end of his term.
But let's say that Trump fires Gary.
Trump will need to then find a replacement candidate.
A majority of the Senate has to vote in favor of a replacement nominee and then the President can appoint him.
Theoretically, a new chairmen of the SEC could instruct the SEC to drop any and all appeals against Ripple, and issue an official statement recognizing and defining XRP's status.
However, the biggest problem is that you can never, ever trust that people will do what they say they will, after they obtain a position like Chairmen of the SEC.
Remember how positively old Gary talked about Crypto, including XRP, before he got the job?
People's loyalties can be bought.
And if that doesn't work, they can just murder one of your family or friends and have the coroner rule it a suicide.
That sort of message generally gets people to obey.
Trump talks a big game on twatter, but when he's in power, he's actually weak as shit.
He also has a habit of hiring and appointing people that end up stabbing him in the back; either directly or by just ignoring what he wants them to do, and doing the exact opposite, while bragging about their rebellious behavior on social media.
The only thing that gives me hope is not Trump represents a narrative shift on the part of our true hidden rulers behind the scenes.
If they let the Trump actor win, it might signal that they plan on moving forward with a more positive approach to crypto.
They'll get the public comfortable with crypto, in order to make them more receptive to CBDCs later on.
Could the case get dropped by a new SEC Chairman?
Yes.
But I think it's highly unlikely.
The best we can hope for is that they fast track it through all of the appeals.
It's hard to imagine XRP having special legal status, unless it's the one that goes to the Supreme Court and wins.