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COINTURK NEWS > Ripple (XRP) > Trump’s Influence on XRP Coin Sparks New Hopes in Cryptocurrency Market
Ripple (XRP)

Trump’s Influence on XRP Coin Sparks New Hopes in Cryptocurrency Market

In Brief

  • Trump's entry into office energizes the cryptocurrency market.

  • XRP Coin awaits a resolution from the SEC regarding its commodity status.

  • Trump's statements reveal his views on international negotiations and economic issues.

İlayda Peker
İlayda Peker 3 months ago
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With Trump’s inauguration, the cryptocurrency markets became more dynamic, yet the situation has recently turned against us. As various legal cases involving cryptocurrencies conclude, the prospects for XRP Coin have brightened, making it the only major altcoin to maintain significant gains since the November elections.

Contents
Trump and XRP CoinTrump’s Ongoing Remarks

Trump and XRP Coin

The new SEC administration appointed by Trump continues to investigate the Ripple $2 case. According to recent reports from FOX News, the agency is examining whether XRP Coin can be classified as a commodity. Previous reports indicated that Ripple’s lawyers were seeking compromises to reduce penalties, which has prolonged the process. While legal proceedings have concluded for platforms like Robinhood, UniSwap, and Coinbase, we should see a resolution for XRP Coin without further delay.

If the SEC is indeed preparing to clarify XRP’s status and align it with ETH, then Ripple’s lawyers may successfully conclude the process with significant victories.

Trump’s Ongoing Remarks

Meanwhile, Trump continues to speak out, sharing notable headlines such as;

“We need to make a deal regarding Greenland. I believe the annexation of Greenland will happen.

The egg price issues were left to me. The EU and China are treating us very poorly. The EU is terrible. The EU takes billions from American businesses. Lockdowns could lead to very high taxes. I will not yield on Canadian products or the April 2nd tariffs.”

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 13 March, 2025 - 8:28 pm 13 March, 2025 - 8:28 pm
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By İlayda Peker
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