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XRP Expected to Soar as New SEC Leadership Takes Over
As reported by U.Today, pro-crypto libertarian Paul Atkins is set to replace Gary Gensler as the new head of the Securities and Exchange Commission (SEC). This significant change in leadership is expected to have a profound impact on the cryptocurrency market, particularly on XRP.
After being delisted from Coinbase, Bitstamp, and other major exchanges due to concerns over its regulatory status, XRP is now expected to benefit from this shift. The New York District Court ruling stating that secondary XRP sales are not securities has already led to a resurgence in the token’s value. As of writing, XRP trades at $2.42.
The token has seen a brief spike to $2.8 before retreating, sparking hopes that it still has room for growth. Despite this volatility, some traders believe that the new SEC leadership could be the catalyst for further gains.
It remains to be seen whether this rally will continue or not.
Source: u.today
