Prices of leading cryptocurrencies, including Bitcoin, Ethereum, and XRP, showed little to no movement over the past 24 hours, despite the release of an inspiring White House report on cryptocurrencies.
Overview of the White House Report
The report, released by the President’s Working Group on Digital Assets, features pro-crypto messaging and emphasizes the intention for the U.S. to become the world’s crypto capital. It outlines recommendations for establishing clear market rules and improving consumer protections.
Crypto Industry Reaction
The event was attended by high-ranking officials, including Treasury Secretary Scott Besant, alongside representatives from major crypto companies. Ripple's Chief Legal Officer Stuart Alderoty described the report as 'comprehensive and helpful.'
Current Cryptocurrency Prices
Despite the report's positive content, the market reacted cautiously. Bitcoin trades just above $118,400, Ethereum sits at around $3,860, and XRP also remains at a steady level.
The unexpected stability of cryptocurrency prices following the White House report highlights market caution despite positive forecasts and support from authorities.
