SEC Chair Gary Gensler is leaving and old coins are having a moment.

It's Friday, November 22nd, 2024.

I'm Christine Lee. This is Queeness Daily.

Bitcoin nearing $100,000 Friday morning in New York, but it's altcoins that are taking a moment to shine

as regulatory headwinds look poised to clear. The broad market, CoinDisc 20 index, gaining

over 7%. Most alternative cryptocurrencies in the CD20 outperform BTC, an early sign of capital

rotation into smaller, riskier tokens

as Bitcoin's pay stalls. Allpcoins are soaring after U.S. Securities and Exchange Commission

Chair Gary Gensler announced he is stepping down from the agency on January 20th. President

elect Donald Trump's inauguration date. Industry participants anticipate that the agency's

new leadership will be more open to approving investment products for smaller tokens and allowing

staking for ETS. XRP is leading the rally, soaring 30% on the daily chart and ending the week

170% higher. XRP is closely related to Ripple Labs,

a high-profile payments company targeted by the SEC since 2020 on allegations of selling the

token as a security to U.S. investors. Riple fully cleared a long-drawn court case in 2024, bringing the spotlight back on

XRP, a major token that commands a $77 billion market capitalization. With hope for a

crypto-friendly Trump administration and a perceived lenient regulatory environment, there are

expectations of an XRP ETF in the United States.

Finally, Solana's native token Seoul hit an all-time high above $250 late Thursday,

the first of the large-cap alt coins to surpass 2021 market peaks.

Seoul is heading towards a weekly gain of 23%. It's a stunning

climb two years after the downfall of Sam Bakman-Fried's crypto empire, FTX, a prominent

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