Since Donald Trump won the US election almost two weeks ago, a river of money has flowed into cryptocurrencies. Although bitcoin and its rally They are in focus for being the main ‘crypto’, within the group of the most valuable there are even more spectacular increases. XRP is the token of the Ripple company, which has accumulated a revaluation of almost 130% since the elections. The asset has also managed to break the dollar barrier that it lost after the bullish cycle of 2021 and that took more than three years to recover.
Although XRP is being one of the big recent winners, last week saw a new record of funds entering cryptocurrencies. Specifically, $6 billion of fresh money, according to data from Bank of America (BofA). Although the euphoria is shaking digital assets, the vertical rise of XRP is striking, close to 130% since the election in the United States. This increase in just two weeks It is only surpassed by the accumulated increases for the year of five S&P 500 companies. Among them, Nvidia or Palantir.
Ripple’s cryptocurrency is the sixth by market value and has gone from $0.50 the day before the elections to $1.14. This increase of close to 130% is much higher than that of bitcoin in the same period, 36%. The Republican’s victory in the US elections has boosted digital assets. Trump has become a ‘cryptobro’ since his last term and has not skimped on promises in this area. He has assured that he will create a strategic reserve of bitcoins and that he will turn the United States into the world capital of cryptocurrencies.
It is true that it is early to know what measures the Republicans will end up implementing, but experts anticipate a more favorable regulatory context. The company behind XRP maintains a long court battle with the US regulator, the Securities and Exchange Commission (SEC). A court ruled that XRP was not a security if it was sold to retail customers through exchanges, but the SEC appealed the decision and the process remains open.
The arrival of Donald Trump to the White House is associated with greater deregulation. In the field of cryptoassets, where there is no harmonized regulation, it is expected that it will be regulated in favor of work. In fact, also The possibility is being considered that there may be changes at the top of the SEC. The current president of the organization, Gary Gensler, with a cautious approach towards digital assets, could leave the position. Their term does not end until 2026, but it is common for these positions to resign if the government changes, something that could also happen on this occasion.
Due to the judicial process that is open, XRP could be one of the great beneficiaries if regulation ends up siding with cryptocurrencies.
On the other hand, the firm 21Shares has applied to the SEC for authorization to launch an XRP exchange-traded fund, as detailed by Ripple itself in its summary of operations and milestones for the third quarter. This entity already markets bitcoin and ether spot ETFs. If this product is approved, XRP could benefit from greater institutional adoption.
XRP is a cryptocurrency that wants to facilitate international transactions with digital assets and fiat money, so that transfers and exchanges can be done much faster and with less costs thanks to its token. It proposes an improvement with respect to the times and costs involved in doing the same in the traditional financial system.
In any case,
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