Republican

Rally

Chair

<ul class="news-points">
 <li>Donald Trump’s pro-crypto speech at Bitcoin 2024 failed to boost XRP’s price.</li>
 <li>Trump vowed to fire SEC Chair Gary Gensler on his first day in office.</li>
 <li>The ongoing SEC vs. Ripple case continues to weigh on XRP’s performance.</li>
</ul>
Despite a pro-crypto speech by U.S. Republican Party front-runner <a href="https://coinedition.com/market-excitement-builds-xrp-doge-ada-surge-before-trumps-nashville-speech/" rel="noopener noreferrer nofollow">Donald Trump at Bitcoin 2024 on Saturday</a>, XRP failed to capitalize on the momentum, declining by 2% to end the session at around $0.59. The broader market also turned red, with the total market cap falling 0.14% to $2.3 trillion.
Trump’s speech, which promised to end the Democrats’ “anti-crypto crusade” and vowed to fire SEC Chair Gary Gensler on his first day in office, was seen as a boon for the crypto market. However, uncertainty surrounding the outcome of the U.S. Presidential Election race limited the impact of Trump’s promises on XRP.
Meanwhile, the ongoing SEC vs. Ripple case continues to weigh heavily on <a href="https://coinedition.com/xrp-price-targets-1-or-10-community-divided-as-sec-settlement-nears/" rel="noopener noreferrer nofollow">XRP’s performance</a>. Hopes of a settlement faded on Saturday. Initially, speculation surrounding a closed meeting between the SEC and Ripple on Thursday sent XRP to a three-month high of $0.6378, but the asset has since dropped below the $0.60 threshold.
The SEC and Ripp…
The post <a href="https://coinedition.com/trumps-pro-crypto-speech-fails-to-rally-xrp-as-sec-pressure-intensifies/" rel="noopener noreferrer nofollow">Trump’s Pro-Crypto Speech Fails to Rally XRP as SEC Pressure Intensifies</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Trump’s Pro-Crypto Speech Fails to Rally XRP as SEC Pressure Intensifies

Coin Edition

Altri articoli pubblicati su 28 lug 2024

Analysts Predict a 1000% Surge by Q4 2024 for This Shiba Inu (SHIB) Competitor Currently Priced A...

UNI Price Rose 5% As Analysts Turn Bullish on Uniswap, What’s Next?

Spot Ethereum ETFs Up To A Slow Start, Record $341 Million Net Outflow In First Week

Bitcoin aims for $72,000: Here’s what it needs to hit the next milestone

Bitcoin Mining Hashrate Approaches Record Levels as Prices Rally

TRON’s Justin Sun Calls for China to Challenge U.S. Leadership in Bitcoin Policy Making

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!