XRP is at the center of attention as important legislative changes unfold in the US, with the anticipated launch of the first ETF for this token. Rumors are growing despite the lack of official confirmation.
Speculation on XRP ETF Launch
Attorney John Deaton, a well-known advocate for XRP, shared news about the potential launch of an ETF for the token, reportedly set to happen on July 18. While the information has not yet been officially confirmed, many market participants have been anticipating this event.
Market Reaction to Possible Changes
The price of XRP surged amid rumors of the ETF launch, reaching over $2.60. However, despite signs of overbought conditions, traders are focused on the forthcoming news, overlooking current market situations.
Legislative Initiatives in the US Congress
This week in the US Congress, votes are expected on three major bills relating to cryptocurrency: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. These initiatives could significantly reshape the classification and regulation of digital assets.
The future of XRP, especially in light of the potential ETF launch and active legislative activities in the US, remains of great interest to market participants. Regardless of whether the launch occurs on July 18 or not, the question of cryptocurrency regulation continues to dominate discussions.
