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What Will Happen to XRP Price After Trump? What to Expect if a New SEC Deal is Made?

The new year brings renewed hope for XRP as analysts predict a significant rally if Ripple achieves a positive outcome in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The long-running lawsuit, launched by the SEC in December 2020, accused Ripple of violating securities laws through the sale of XRP to institutional investors. Judge Analisa Torres ruled last year that XRP was not a security, but the SEC appealed the decision, leaving the case in limbo. Carlos Guzman, research analyst at GSR, said a positive ruling could act as a major catalyst for XRP’s price. “If the SEC appeal is denied or the new SEC administration opts for a settlement instead, that would be a big win for Ripple,” Guzman said. The cryptocurrency industry is pinning its hopes on President-elect Donald Trump’s incoming administration for regulatory relief. Trump, who takes office on Jan. 20, has signaled a pro-crypto stance by nominating crypto ally Paul Atkins to chair the SEC. Many believe this could lead to a more favorable regulatory environment for Ripple and other digital assets. Related News: What to Expect in Bitcoin Price After Strong Employment Data from the US? Will Interest Rate Cuts Be Postponed? “If the new SEC leadership opts for a compromise, it could send XRP soaring,” Guzman added. A positive regulatory outcome for Ripple could position XRP among a select group of digital assets eligible for exchange-traded funds (ETFs). Bloomberg ETF expert Eric Balchunas predicts a surge in new crypto ETFs under new management, citing the record success of spot Bitcoin ETFs as a benchmark. “XRP should be among the first to receive approval,” Balchunas said, but warned that even with a positive regulatory outcome, crypto ETFs still face lengthy approval processes. Beyond its legal challenges, Ripple is looking toward a promising future with the growing adoption of its new stablecoin, RLUSD. The company aims to strengthen its narrative as a legitimate payment solution, which Guzman believes could further strengthen XRP’s position. Additionally, the resurgence of retail interest during the recent crypto rally has reignited investor enthusiasm for XRP. “Given the resurgence of retail interest in XRP that we saw in November and December, these positive developments could catalyze another wave of investor interest,” Guzman said. *This is not investment advice. Continue Reading: What Will Happen to XRP Price After Trump? What to Expect if a New SEC Deal is Made? Decrypt

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Senate Banking Committee Announces First-Ever Cryptocurrency Subcommittee: Report

The U.S. Senate Banking Committee, led by Chairman Tim Scott, is reportedly planning to establish its first subcommittee dedicated to cryptocurrency. This initiative marks an important milestone in the Senate’s approach to regulating the digital assets industry. Cynthia Lummis Selected as Chair Fox Business reporter Eleanor Terret shared the development in a January 10 post on X, noting that Senator Cynthia Lummis has been chosen to head the subcommittee. However, her appointment remains subject to approval in a vote scheduled for the near future. According to an earlier report , the establishment of the initiative is one of Scott’s first priorities as chairman of the Senate Banking Committee. This body plays a critical role in supervising major financial regulators, including the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The South Carolina lawmaker plans to structure the new entity based on a similar crypto-focused subcommittee established by Patrick McHenry in 2023 under the House Financial Services Committee. In 2024, the House passed an important crypto bill known as the Financial Innovation and Technology for the 21st Century Act (FIT21), developed by its crypto branch. This legislation aims to clarify the regulatory responsibilities of various agencies overseeing the crypto industry. Congressman French Hill, one of the legislation’s co-authors, previously highlighted its strict consumer protections, including a prohibition on the commingling of customer funds, which he believes will prevent collapses like that of FTX. Meanwhile, Hill was also recently appointed as the new chair of the House Financial Services Committee, succeeding McHenry. Members of the Committee According to an internal memo issued by Scott and reviewed by FOX Business, Republican members that have been selected for the new division include freshman senators Bernie Moreno of Ohio and Dave McCormick of Pennsylvania, as well as Thom Tillis of North Carolina and Bill Hagerty of Tennessee. All are described as being strong crypto advocates. It remains unclear which Democratic leaders will join the new outfit. However, Elizabeth Warren, a prominent crypto critic, is the party’s most senior member on the Senate Banking Committee. This development comes just days after Republicans officially assumed control of the Senate, solidifying their legislative majority. With President-elect Donald Trump’s inauguration set for January 20, the party will hold unified control of both Congress and the White House. The formation of the subcommittee is viewed as a significant step toward fulfilling the GOP’s commitment to advancing crypto-related legislation, aligning with Trump’s promise to position the United States as a global leader in the digital asset industry. The post Senate Banking Committee Announces First-Ever Cryptocurrency Subcommittee: Report appeared first on CryptoPotato . Decrypt