• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple and XRP: Dynamics amid SEC changes and plans with Trump

user avatar

by Giorgi Kostiuk

a year ago

Ripple has returned to the spotlight following Donald Trump's election and Brad Garlinghouse's ambitious plans with the former president. The price of XRP surged significantly following news of Gary Gensler's resignation as SEC chair.

Changes in SEC and their impact on XRP

With a new SEC chair in place and Brad Garlinghouse's recent dinner with Trump, it seems that prospects for the coin are starting to clear up.

Comparing XRP and stablecoins

In a recent podcast, Bloomberg’s Mike McGlone expressed his confusion over the value of XRP when compared to stablecoins like Tether. Both have market caps between $100 billion and $140 billion. McGlone noted that stablecoins offer instant and low-cost transactions and are considered secure, while the value of XRP remains a mystery.

I can't find a rational explanation anywhere for the value of XRP in this context.Mike McGlone

Potential of Ripple technologies and future outlook

The CEO and co-founder of CoinRoutes stated that Ripple believes their ledger will be used by the banking system to launch their own stablecoins. He believes in the XRP Ledger technology as a replacement for SWIFT. In the future, the price could reach $7 to $10.

If you believe that the XRP Ledger will be the technology underlying the replacement for SWIFT, you could come to a valuation between $7 and $10.CEO CoinRoutes

Ripple and its cryptocurrency XRP are experiencing significant changes amid political and regulatory events, offering interesting prospects for the future of the financial system.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Financial Report Utilizes Data from HKMA and HKEX

chest

A financial report has been compiled using information from the Hong Kong Monetary Authority (HKMA) and Hong Kong Exchanges and Clearing Limited (HKEX). This report aims to provide accurate insights for stakeholders in the financial sector.

user avatarRajesh Kumar

Texas Brothers Admit Guilt in $8 Million Crypto Heist

chest

Texas brothers plead guilty to robbing a Minnesota family of over $8 million in cryptocurrency at gunpoint.

user avatarLucas Weissmann

Wrench Attacks on Crypto Holders Surge Amid Rising Violence

chest

The recent robbery of a Minnesota family by two Texas brothers highlights a troubling trend of wrench attacks on cryptocurrency holders, prompting law enforcement to raise alarms and investigate these violent crimes.

user avatarFilippo Romano

Franklin Templeton Files for Bitcoin DRIP ETFs

chest

Franklin Templeton has filed with the SEC to launch two ETFs that reinvest dividends into Bitcoin.

user avatarEmily Carter

Australia's High Court Sets Precedent for Crypto Yield Products

chest

Australia's High Court rules in favor of ASIC, classifying Block Earner's fixed-yield product as a financial product and derivative, clarifying the regulatory framework for crypto yield products.

user avatarTomas Novak

Kentucky Attorney General's Office Emphasizes Strict Editorial Standards

chest

The Kentucky Attorney General's Office has released a report emphasizing strict editorial standards focusing on accuracy, relevance, and impartiality.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.