SEC Chair Gary Gensler is under investigation for his hiring practices, raising concerns of political bias and potential impact on the agency's objectivity.
The investigation may benefit Ripple and XRP as it questions Gensler's impartiality following the recent legal battle between Ripple and the SEC.
The probe focuses on allegations of political favoritism influencing key personnel decisions in the SEC's hiring process.
If Gensler's leadership and impartiality are questioned, the SEC may reconsider its aggressive enforcement tactics against Ripple.