Ripple’s XRP has surged by 11% in 24 hours as groundbreaking news unfolds, including zero capital gains tax, major regulatory wins, and hints of a resolved legal battle. Here’s everything you need to know.
XRP Zero Capital Gains Tax: A Game-Changer
Eric Trump’s announcement that U.S.-based cryptocurrencies, including XRP, will be exempt from capital gains tax is a significant development for the crypto industry. This bold policy aims to incentivize domestic crypto projects, placing Ripple’s XRP in a favorable position over international competitors.
Under this plan, non-U.S. crypto projects face up to 30% tax rates, while U.S.-based projects like XRP enjoy a zero-tax advantage. If implemented, this policy could reshape the competitive landscape and attract more crypto ventures to the United States.
XRP Money Transmitter Licenses: Ripple’s Regulatory Milestone
Ripple has secured Money Transmitter Licenses in New York and Texas, enabling the firm to expand its U.S. operations and facilitate compliant cross-border payments for banks and crypto businesses. This brings Ripple’s total global licenses to over 55, including approvals in 33 U.S. states and key international markets.
These licenses, combined with the SEC’s rescinding of SAB 121—which allows banks to custody digital assets—signal a promising regulatory environment under the pro-crypto Trump administration. Ripple’s optimism about these developments is clear as it solidifies its position as a leading player in global finance.
Legal Case Resolution in Sight?
Speculation is rife that Ripple’s ongoing legal case may soon be resolved. JackTheRippler’s recent post on social media teased the possibility of a case settlement or dismissal being announced in an upcoming X Space event. If this occurs, it would be a monumental victory for Ripple and XRP, removing one of the biggest uncertainties hanging over the asset.
Community Excitement Builds for Upcoming Announcements
The Ripple team’s preparations for $XRP Community Day have sparked excitement across the crypto space. Phil Kwok, a member of the Ripple community, hinted at groundbreaking updates, promising that “the world isn’t ready for what’s coming.” With the momentum building, anticipation is high for what Ripple will reveal next.
XRP Market Update: Surging Prices and Renewed Optimism
Amid all this news, XRP’s price has surged by 11% in the past 24 hours to $3.11, with an intraday high of $3.14. The asset is now closing in on its all-time high (ATH) of $3.84, fueled by a market capitalization of $179 billion. The bullish sentiment surrounding XRP reflects growing investor confidence as the legal and regulatory landscape shifts in Ripple’s favor.
What’s Next for XRP?
With zero capital gains tax, regulatory wins, and a potential legal victory on the horizon, XRP is poised for significant growth. Investors and enthusiasts alike should stay tuned for Ripple’s upcoming announcements and monitor the asset’s performance as it inches closer to its ATH.