Future

Donald Trump

Impact

<ul class="wp-block-list">
 <li>Trump’s potential success may clear up Ripple’s judicial challenges.</li>  
 <li>XRP’s price could rise if the SEC complaint is dropped.</li>  
 <li>The crypto economy expects Ripple to gain clarity under Trump’s presidency.</li> 
</ul>  
<p>XRP’s economic prospects and price could see essential changes depending on the results of the 2024 U.S. votes. As Donald Trump gains momentum in the polls, many wonder how his victory could affect the firm's constitutional conflict with the U.S. Securities and Exchange Commission .&nbsp;</p>  
<h2 class="wp-block-heading" id="h-ripple-s-administrative-struggles-with-the-sec"><strong>Ripple's Administrative Struggles with the SEC</strong></h2>  
<p>The ethical dispute with the SEC began in 2020, when it accused Ripple Labs of raising over $1.3B by selling the token without declaring it as a security. This action has kept its future uncertain for years. In 2023, a federal judge ruled that the company's sales to retail investors were not violations of U.S. stock legislation. However, the board rejected the decision, meaning the case is still constant and the outcome remains unclear.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-how-a-trump-win-could-affect-xrp"><strong>How a Trump Win Could Affect XRP</strong></h2>  
<p>If Donald Trump triumphs in the 2024 election, it might greatly influence the <a href="https://cryptonewsland.com/kamala-harris-team-reaches-out-to-mark/" rel="noopener noreferrer nofollow">crypto </a>marketplace. Trump has shown support for digital assets like Bitcoin and has promised to create a friendlier environment for virtual currencies. Additionally, he has said he would fire SEC Chair Gary Gensler if he assumed office.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/RippleXrpie/status/1853804100476981524
 </div>
</figure>  
<p>Many believe that within Trump’s authority, the SEC could drop its appeal in Ripple’s case, which would allow the firm to move forward without the threat of further legal complications. This could restore investor confidence in XRP, possibly leading to higher prices.</p>  
<h2 class="wp-block-heading" id="h-xrp-s-market-performance-amid-voting-speculation"><strong>XRP’s Market Performance Amid Voting Speculation</strong></h2>  
<p>The U.S. presidential election results have already started influencing XRP’s trading performance. As Donald&nbsp; gains an edge in early polling, the coin’s demand has increased. On November 6, its&nbsp; price rose slightly as Trump took an early lead in the race.</p>  
<p>Despite this increase, the toke's cost has remained relatively stable, trading between $0.49 and $0.53. Analysts suggest that while XRP may not see a huge price surge immediately, a victory could clear up regulatory confusion. This might help restore confidence in its&nbsp; future and its place in the crypto sector.&nbsp;&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/trumps-election-lead-could-impact-xrps-price-and-market-future/" rel="noopener noreferrer nofollow">Trump’s Election Lead Could Impact XRP’s Price and Market Future</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Trump’s Election Lead Could Impact XRP’s Price and Market Future

Table of Contents

Crypto News Land

Other articles published on Nov 6, 2024

Trump’s Victory, A Jackpot For Dogecoin Crypto?

ElsaAI Introduces Effortless On-Chain Interactions for Coinbase Wallet Users! Combined with Self ...

Arkham (ARKM) Surges Higher After Perpetuals Exchange Launch—Is More Rally Ahead?

USDC Issuer Circle Prepares for IPO with Hong Kong Expansion and Regulatory Hopes

Why Crypto Market Is Going Up Today? Trump Rally Sparks Bitcoin Boom

Coinbase debuts engineering hub in Singapore to empower local crypto community

Join our free newsletter for daily crypto updates!