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XRP is Poised to Benefit from SEC’s Shift in Stance towards Cryptocurrency
As reported by U.Today, the US Securities and Exchange Commission (SEC) has shifted its stance towards cryptocurrency. This major development could lead to a significant increase in trading volumes and market capitalization for XRP, which was relisted on several exchanges after a New York District Court ruling stated that secondary XRP sales were not securities.
The previous SEC head, Gary Gensler, who was widely viewed as an opponent of the crypto industry, has been replaced by pro-crypto libertarian Paul Atkins. This change in leadership is expected to bring about a more favorable regulatory environment for digital assets, potentially paving the way for XRP’s price to break through its current resistance.
The token’s recent rally saw it briefly surpass $2.8 before giving up some gains. However, traders are still optimistic that the asset has further room to run.
Source: u.today
