The landscape for cryptocurrency regulations could see a significant shift in the near future.
Nate Geraci, President of the ETF Store, shared insights on the potential approval of XRP ETFs by the US SEC, suggesting that a Donald Trump victory in the upcoming election could boost their chances.
Trump has promised a more crypto-friendly approach, which Geraci believes would create a favorable environment compared to the current administration.
However, he cautioned that approval is not guaranteed, noting the absence of CME-traded futures for XRP, which has complicated the SEC’s past ETF decisions.
Additionally, the SEC would require a surveillance-sharing agreement to address market manipulation concerns, but many exchanges trading XRP remain unregulated.
Geraci stressed the need for Congress to establish clear guidelines on which crypto assets are classified as securities. Meanwhile, Ripple co-founder Chris Larsen supports Kamala Harris, citing her understanding of the innovation economy.
Solana surged 5.6% to reclaim the $200 level for the first time since February, fueled by a confluence of bullish technical, fundamental, and institutional catalysts.
CoinMarketCap’s momentum algorithm is flashing strong upside signals for several fast-moving tokens. WEMIX, Drift, and OFFICIAL TRUMP Coin top today’s trending list, each driven by unique catalysts—from GameFi upgrades and DeFi volume surges to political tailwinds.
According to QCP Capital’s latest report, altcoin season may have finally arrived.
Solana (SOL) has gone up by 35% in the past 30 days as multiple tailwinds have lifted the price of this top altcoin above the $190 level. A breakout above this level favors a bullish Solana price prediction as it could anticipate a big move ahead, especially at a point when market conditions are favorable. […]