The recent US Presidential Election victory of Donald Trump has sparked optimism among crypto market participants, particularly regarding the potential approval of an XRP ETF in the US. This has led to increased speculation and discussions around the future of the Ripple and XRP markets under a Republican administration.
Some key points to note:
1. Trump’s potential firing of Gary Gensler from the US SEC Chair position has fueled discussions over XRP ETF approval. 2. Several big players like 21SharesBitwise Invest, and Canary Capital have already filed for the ETF with the US SEC before the election. 3. Ripple CEO Brad Garlinghouse remains optimistic about a similar regulatory decision.
4. Expert Luke Thomas predicts potential developments in the Ripple and XRP market in the next 3-9 months, including the launching of Ripple’s stablecoin RLUSD and BlackRock filing for an XRP ETF with the US SEC. 5. The potential exit of US SEC Chair Gary Gensler could boost market sentiment. Overall, the optimism surrounding Trump’s victory and the speculated changes in the US regulatory landscape have led to increased interest in XRP and Ripple, resulting in soaring prices for these assets.
