After years of legal challenges under Biden’s administration, XRP has been recognized as a strategic financial asset thanks to a new initiative from Trump's administration.
Legal Changes for XRP
According to a new SEC proposal, XRP is not a security but classified as a payment network. This decision helps settle current legal disputes with Ripple and provides clarity for future operations.
XRP's Role in the U.S. Economy
The U.S.'s new plan calls for using XRP to unlock $27 trillion in global nostro accounts, starting with $5 trillion in the U.S. It anticipates directing $1.5 trillion to purchasing Bitcoin. Other cryptocurrencies like Solana and Cardano also play significant roles in this process.
Expected Market Impact
Legal clarity for XRP could trigger a significant asset price increase, akin to the 2017 bull run. The XRP price is already rising, breaking out of a six-year consolidation and entering a new phase of price discovery.
With new legislative initiatives and SEC support, significant impacts on the cryptocurrency market are anticipated, with potential growth and strengthening of XRP's position in the global economy.
