The Cedar Innovation Foundation and other crypto organizations are lobbying against the re-nomination of Commissioner Caroline Crenshaw.
Amid the excitement and expectations for Donald Trump’s new industry-friendly administration, the crypto community and key figures continue to speculate about the coming changes in the regulatory space. Coinbase’s CEO recently urged the US Senate Banking Committee to vote wisely on the re-nomination of an anti-industry Securities and Exchange Commission (SEC) commissioner, suggesting that the […]
SEC commissioner Caroline Crenshaw, who is widely known for opposing the spot Bitcoin ETFs, is up for renomination, and the crypto industry fears her re-election.
The President-elect called Atkins a "proven leader for common sense regulations."
Following Gary Gensler’s departure announcement from the Securities and Exchange Commission (SEC), new reports claim that re-elected US president Donald Trump is set to unveil his pick for the new SEC chairman in the coming days. Related Reading: Spot XRP ETF Race Heats Up As WisdomTree Files S-1 Application With SEC A New Crypto Era […]
At the time of publication, the incoming administration had not made any official announcement regarding its pick for SEC chair.
Just seven weeks before Donald Trump takes office, the crypto industry’s expectations of a friendlier administration and better regulations in the next four years continue to rise. Coinbase’s Chief Policy Officer (CPO), Faryar Shirzad, suggested that after January 20, 2025, legislation related to the digital assets sector will quickly pass through the new US Congress. […]
Now that incoming US President Donald Trump is warming up for his second administration, many in the crypto industry expect big things for tech and crypto. According to Cathie Wood of Ark Investment Management, Trump’s win will spur innovation in artificial intelligence, tech, and cryptocurrencies. Related Reading: Michael Saylor’s Thanksgiving: A Feast Featuring Bitcoin-Topped Turkey […]
Spot Ether ETFs racked up $224.9 million in net inflows over the last four trading days — around $190 million more than the spot Bitcoin ETFs.
CryptoQuant CEO Ki Young Ju has raised concerns about South Korea’s readiness to approve spot Bitcoin exchange-traded funds (ETFs). In a Nov. 26 post on X (formerly Twitter), Ju compared the regulatory climate in South Korea to the contentious stance of the US Securities and Exchange Commission (SEC) Chair Gary Gensler, suggesting that such an […]
The post CryptoQuant CEO compares South Korea’s hostile Bitcoin stance to ‘Gary Gensler situation’ appeared first on CryptoSlate.
Paul Atkins, former SEC commissioner, could lead a more crypto-friendly regulatory era during the incoming Trump administration.
Gary Gensler is going, but the lawsuits against crypto firms may continue — until Congress defines how securities laws apply to digital assets.
The resignation of Gary Gensler as the Chair of the US Securities and Exchange Commission (SEC), effective January 20th -the same day President-elect Donald Trump is set to be inaugurated – is set to be a monumental day for the XRP community. In his latest video, crypto analyst Rodney (@cryptojourneyrs) shared an analysis of the price potential in the post-Gensler era. At the time of his analysis, XRP was trading at $1.43, reflecting a remarkable 172% increase over the past month. The market capitalization had soared to $81 billion, accompanied by $22 billion in daily trading volume. “XRP is starting to return to its normal spot in crypto, being one of the dominant altcoins,” Rodney remarked. Why XRP Is Poised To Surge Higher In his video, Rodney suggests that Trump’s promise to fire Gensler on his first day in office may have influenced Gensler’s decision to resign preemptively. “Gary Gensler is going to be stepping down from his role as the chair of the SEC January 20th, the same day Trump is going to be inaugurated,” Rodney stated. “Trump promised to fire Gary Gensler on day one, so I think Gary Gensler wanted to go out on his shield and resign on his own.” Related Reading: XRP Analyst Sets $2 Target If It Holds Key Level – Can It Reach Multi-Year Highs? Reflecting on the SEC’s lawsuit against Ripple, Rodney noted the significant impact it had on the price and market perception. “When the SEC sued Ripple, [XRP] price dipped 50%. This was one of many lawsuits that the SEC and Gary Gensler filed against many different crypto projects. It seemed like they were trying to regulate the space out of existence,” Rodney stated. He pointed out that despite the legal challenges, XRP remained a top cryptocurrency. “Even through all the BS, XRP has still been a top crypto and it really hasn’t fallen out of the top 10 in many years,” he said. Rodney also discussed Ripple’s partial victory against the SEC in July 2023, which set a significant precedent in the crypto industry. However, he expressed surprise that the price did not react more positively at the time. “When we heard about that news of them partially beating the SEC, XRP started to pump to around $0.67 but then promptly dipped down to about $0.50 and didn’t really do anything,” he observed. “It wasn’t moving with the cryptocurrency market at all… It was a running joke that it was kind of our favorite stablecoin.” Turning to the political landscape, Rodney explained: “Donald Trump actually ended up destroying Kamala Harris and is going to be the next president of the United States,” he stated. He emphasized Trump’s pro-crypto stance, noting that he was “much more open about supporting crypto” and was “the first president to purchase anything with cryptocurrency.” Rodney highlighted the involvement of various crypto projects in political campaigns, mentioning that “many cryptocurrency products were funding both candidates’ campaigns behind the scenes.” Related Reading: XRP To Hit $40 In 3 Months But On This Condition – Analyst With the political shift, Rodney expressed optimism about the future integration of cryptocurrency into government systems. “Now more than ever, it seems like cryptocurrency is going to be involved with our government, and in my opinion, XRP is going to be up there with the top projects,” he asserted. He elaborated on XRP’s core objectives, stating, “What is XRP trying to do? They want to be used for international money transfers […] They want to enable fast and low-cost international money transfers and currency exchanges.” He suggested that with supportive figures in government, XRP could realize this potential. How High Can XRP Price Go? Rodney also delved into his price predictions for XRP, considering various market capitalization scenarios. If XRP were to achieve Ethereum’s market cap of approximately $400 billion, it would result in a 4.9x increase from its current price, bringing XRP to around $6.98. “Say, for example, XRP becomes a part of our government and we actually use it for its real utility. Everyone uses it, and it magically got the same market cap size of Ethereum,” he speculated. Imagining XRP reaching Bitcoin’s market cap of about $2 trillion, he calculated a 24x increase, which would place XRP at approximately $33. “Let’s fantasize a little crazier […] Say we gave it Bitcoin’s market cap size that’s currently sitting around $2 trillion,” he mused. He considered a $10 XRP, corresponding to a $600 billion market cap, as a reasonable possibility. “I think that a $10 XRP or an XRP with a $600 billion market cap size is reasonable,” he concluded. However, Rodney acknowledged the challenges inherent in these predictions, noting that “it would be tough for any cryptocurrency project to hit those market cap sizes because Bitcoin’s dominating the entire market right now.” At press time, XRP traded at $1.40. Featured image created with DALL.E, chart from TradingView.com
Another amended filing signals continued progress toward bringing a diversified cryptocurrency index fund to US exchanges.
Terraform Labs’ near $4.5 billion settlement with the SEC has contributed to a record year for the agency’s financial penalties.
XRP remains one of the crypto market’s current trailblazers rising by 23.21% in the past 24 hours. Over the last two weeks, the prominent altcoin has recorded a 154% price gain establishing itself as the sixth-largest cryptocurrency with a market cap of $89.82 billion. With this current momentum and the crypto bull season still in its early stages, analysts remain highly bullish on XRP’s potential to reach lofty price levels. Related Reading: XRP Primed For $100 Price Target – Here’s Why Can XRP Repeat 2017 Historical Price Movement? In an X post on November 22, an analyst with the username CryptoBull stated that XRP could trade at $40 over the next three months if the token mirrors its first prominent price surge from 2017. Data from CoinMarketCap shows that XRP rose $0.006 to a market peak of $0.33 in early 2017, representing a 5,400% gain. Considering its recent price rally, the altcoin may be gathering momentum to reproduce such price movement in a highly anticipated crypto bull run, especially considering recent happenings. Most notably, popular anti-crypto Securities and Exchange Commission Chairman Gary Gensler recently announced his intentions to resign on January 20, a move largely behind the current bullish sentiment among XRP investors considering the Commission’s long-lasting regulatory battle with Ripple. In fact, Gensler’s decision to leave the SEC has been described as the “best thing” for Ripple, which holds significant weight for XRP’s future. Gensler’s resignation coincides with the inauguration of pro-crypto incoming US President-Elect Donald Trump who has promised to introduce a more friendly approach to digital asset regulation in the US. Aside from XRP finally being free from the regulatory scrutiny of the SEC, the potential introduction of a spot ETF under Trump’s pro-crypto regime also contributes to bullish sentiments on the altcoin’s profitability. According to CryptoBull, if XRP follows its price explosion from early 2017, the token is expected to hit a price target of $1.96 in November, $6.30 in December, and $40 in January. Related Reading: XRP Binance Inflows Spike: What It Means For Price Price Resistance Levels In XRP’s Dream Surge While XRP presents much potential for a high price target, CryptoBull predicts the token to face significant resistance at the $1.96 price region. If buying pressure proves sufficient to move past this level, the analyst expects XRP to confront another resistance at $3.84 which represents the token’s current all-time high price. Considering the current robust bullish sentiments in the market, the altcoin is likely to move past these highlighted resistance levels. However, the token’s Relative Strength Index remains far in the overbought zone (91.73) indicating significant potential for a price pullback. At the time of writing, XRP continues to trade at $1.78 reflecting a 79.57% gain in the past week. Meanwhile, the token’s daily trading volume is up by 103.57% and valued at $20.29 billion. Featured image from Trackinsight, chart from Tradingview
Commissioner Jaime Lizárraga of the Securities and Exchange Commission will step down on January 17th, three days before incoming US President Donald Trump’s inauguration. In an interview with Bloomberg Law, the former congressional aide said he plans to leave the SEC to spend more time with his family and attend to the needs of his […]
Distributed ledger technology can help solve longstanding challenges in US financial markets, the report said.
On the heels of Chair Gary Gensler’s resignation, SEC Commissioner Jaime Lizárraga has also decided to step down from his role at the agency.
Another Democratic commissioner on the Securities and Exchange Commission is following Chair Gary Gensler out the door in January, leaving the agency with a Republican majority as it weighs a likely course shift under the new administration of President-elect Donald Trump.
In recent months, the Securities and Exchange Commission (SEC) under Gary Gensler has been under fire over its “regulation-by-enforcement” policy, and many are looking for clarity in crypto rules. Related Reading: Japanese Crypto Entrepreneur Sparks Controversy: ‘Yen Is Backed By Hostages’ Today, the crypto industry moved a few steps into clarity when a Texan federal […]