XRP price fails to ignite recovery as SEC enforcement director leaves post

XRP price fails to ignite recovery as SEC enforcement director leaves post


The XRP (XRP) price remained relatively unmoved on Thursday, Jan. 14, even as the broader cryptocurrency market ignited a recovery that saw over $150 billion flood back into the global market cap.

Earlier this week the United States Securities and Exchange Commission announced the impending departure of Marc P. Berger, the commission’s Acting Director of the Division of Enforcement. The outgoing director was in office for the commencement of the SEC’s $1.3 billion lawsuit against Ripple Labs.

Berger leaves his position at the end of the month after just five months in the post. He had previously led the New York Regional Office as director since 2017, before being appointed to the enforcement division in August 2020.

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The official announcement posted to the SEC website on Jan. 12 notes the departing director oversaw enforcement actions against numerous companies and corporate entities relating to a plethora of financial crimes and misconduct.

These include Telegram Group Inc, which was ordered to

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