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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

FCA's Financial Crime Guidance Aims to Enhance Compliance for Crypto Firms

The FCA has released updated financial crime guidance for crypto businesses, including examples of good and poor practices for due diligence and transaction monitoring.

user avatarMohamed Farouk

Payward Gains Preliminary Approval for Digital Asset Operations in Kazakhstan

Payward has received in-principle approval from the Astana Financial Services Authority to operate a digital asset trading business in Kazakhstan.

user avatarTenzin Dorje

FCA Consults on Updated Financial Crime Guidance for Crypto Businesses

The Financial Conduct Authority (FCA) is consulting on updated financial crime guidance for crypto businesses, aiming to clarify expected controls and enhance compliance frameworks.

user avatarBayarjavkhlan Ganbaatar

SEC Prioritizes Tokenization in Fiscal 2027 Examination

The SEC has included tokenization among its examination priorities for fiscal 2027, focusing on the reliability of blockchain securities infrastructure.

user avatarElias Mukuru

Bitcoin Hashrate Surpasses One Zettahash

BlocksBridge reports that Bitcoin's seven-day hashrate has surpassed one zettahash per second for the week ending October 22, marking its highest level since March 3.

user avatarDiego Alvarez

Capital Research and Management Boosts Voting Stake in Metaplanet to 11.11%

Capital Research and Management has increased its voting stake in Metaplanet to 11.11% as of October 16, following a share buyback.

user avatarKenji Takahashi

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.