In a Bloomberg TV interview, Ripple President Monica Long discussed the potential approval of crypto spot ETFs in 2025, highlighting the influence of Donald Trump's administration.
Impact of Trump Administration on Crypto-ETF Market
Monica Long expressed her belief that President Donald Trump's administration, known for its pro-crypto stance, might introduce more favorable regulations, facilitating quicker approval of spot ETFs.
Potential and Prospects of XRP Spot ETF
The Ripple president speculated that an XRP spot ETF could be next in line for approval after Bitcoin and Ether. Companies like Canary Capital and Bitwise have filed for XRP ETF, and Trump might expedite these approvals.
Development of XRP and RLUSD in Crypto Market
According to Polymarket statistics, there is a 71% probability of XRP spot ETF approvals in 2025. Ripple also reported rapid development of its stablecoin RLUSD, positively impacting XRP's price.
Ripple President's insights clarify future directions for crypto ETFs and highlight potential market impacts from a new crypto-friendly US administration.
