Ripple's Optimism: New Congress and XRP Surge

user avatar

by Giorgi Kostiuk

2 years ago

Ripple CEO Brad Garlinghouse expresses optimism about the new U.S. Congress, deemed the most pro-crypto in history. He believes this could lead to significant changes in blockchain industry regulations.

New Congress Agenda

The Republican dominance in the House and Senate paves the way for advancing a pro-crypto agenda. Garlinghouse notes this situation opens up new opportunities, especially after a challenging period when cryptocurrency projects faced significant obstacles under Gary Gensler's leadership in the SEC.

Ripple and SEC: Key Events Ahead

Ripple's legal battle with the SEC has been ongoing for four years and is approaching a critical juncture. The SEC's deadline for filing appeals is set for January 15. A potential withdrawal of the appeal could be a major boost for Ripple and XRP.

Garlinghouse and IOG's Charles Hoskinson met with Trump's team to discuss shaping the future regulatory framework for cryptocurrencies.

Market on the Rise: Progress and Challenges

On January 3, XRP closed at $2.4535, up 2.21% compared to the previous day. Analysts also predict the possibility of further growth, especially if the SEC appeal is not filed and regulatory clarity is achieved.

With the new pro-crypto Congress, market activity is increasing, and XRP is moving towards further success. Rapid implementation of new regulations could significantly alter the legal framework and strengthen Ripple's market position.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

MEXC Introduces Opportunity Compass for Enhanced Market Understanding

chest

MEXC has launched Opportunity Compass, an educational initiative aimed at helping users understand both crypto and traditional financial markets.

user avatarMohamed Farouk

MEXC Introduces Opportunity Compass for Crypto Education

chest

MEXC has launched Opportunity Compass, an initiative aimed at educating cryptonative users about global markets and financial opportunities.

user avatarElias Mukuru

Zoomex Highlights Market Volatility Amid Economic Shifts

chest

Zoomex highlights its platform's capabilities during a week of sharp market volatility driven by economic data, enabling traders to respond in real-time.

user avatarDiego Alvarez

Tesla Faces Regulatory Scrutiny, Stock Drops

chest

Tesla's shares fell 6% following a new investigation into its autonomous vehicle technology by the National Highway Traffic Safety Administration, highlighting the impact of regulatory scrutiny on the stock market.

user avatarMaria Fernandez

Unexpected Developments in the US Labor Market with Employment Expansion.

chest

The US economy added 162,000 jobs in August, significantly exceeding forecasts, leading to a rapid repricing of Federal Reserve expectations regarding interest rates.

user avatarKenji Takahashi

TON Foundation Achieves 100 Million Monthly Active Users for Telegram Miniapps

chest

The TON Foundation announces that Telegram Web3 miniapps have surpassed 100 million monthly active users, highlighting a significant milestone in crypto distribution.

user avatarRajesh Kumar

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.