After the spectacular rally in which Bitcoin briefly reached the $100,000 mark, the market quickly returned to earlier levels. For many, the question arises: was this just a feint, or is there more behind it?

Although the current declines still fit within Bitcoin's broader bull cycle, heavy pressure hangs over the crypto market. Much of this uncertainty is linked to recent developments surrounding former President Trump, whose pro-crypto stance raises both hopes and concerns.

Ripple lawsuit: Eyes set on January 2025

The deadline for the U.S. SEC's appeal in the case against Ripple is fast approaching, with Jan. 15, 2025 as the crucial date. The crypto world is eagerly awaiting the next steps. Although it was previously expected that the SEC would abandon its crypto case against Ripple, rumors now seem to indicate otherwise.

I think the proper course of action would be to request an extension - say 30 days - to file the brief and explain to the Court why (that a new admin is coming in that might decide not to pursue the appeal). If I'm Ripple, I'm agreeing to that and the Court probably will as…
— Jeremy Hogan (@attorneyjeremy1) December 5, 2024

Legal experts are divided on what the SEC will do. Attorney Jeremy Hogan suggests that the SEC may request a 30-day extension to justify postponing the appeal. In doing so, he points to recent leadership changes within the SEC. According to Hogan, both Ripple and the court could agree to this delay, giving both sides more time to reconsider their strategies.

What does the new SEC leadership mean for Ripple?

The recent changing of the guard at the SEC could have a major impact on the lawsuit. Paul Atkins, the new chairman of the SEC, is known for his more balanced stance on crypto-regulation. As a former SEC commissioner, Atkins could encourage a friendlier regulatory framework for Ripple and the broader crypto industry.

Ripple CEO Brad Garlinghouse expressed his support for Atkins, calling him a "excellent choice." According to Garlinghouse, Atkins could end what he calls the "prohibition era for crypto" mentions.

The next few months will be crucial for Ripple, the SEC and the crypto market as a whole. Will January 2025 mark a turning point? Or will the uncertainty continue?