The price of XRP, a cryptocurrency, has increased by 2.8% due to a market-wide surge driven by Bitcoin hitting an all-time high of $76,000. Famous crypto influencer BitBoy suggests that if President-elect Donald Trump fires current SEC Chair Gary Gensler, the price of XRP could surge. Multiple crypto commentators, high-profile figures, and members of the crypto community have urged Trump to oust Gensler.
Ben ‘BitBoy’ Armstrong believes XRP might be among the top 100 coins that pump the hardest and that all meme coin money will flow into XRP in the next cycle. Ripple CEO Brad Garlinghouse congratulated Trump on his election and proposed the idea to “Fire Gensler. Day 1, No Delays.” He suggested Christopher Giancarlo, Daniel Gallagher, or Brian Brooks as a replacement for Gensler.
However, some believe that SEC’s Mark Uyeda is more likely to replace Gensler.
