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Recent developments indicate that the U.S. Internal Revenue Service (IRS) has postponed the enforcement of the First In, First Out (FIFO) accounting method for cryptocurrency transactions on centralized exchanges until December 31, 2025. This extension provides taxpayers with additional time to adapt to the forthcoming regulations. CoinPaper
In parallel, the legal proceedings between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) are ongoing. The SEC has been directed to submit its opening brief in the appeal against Ripple by January 15, 2025. This timeline suggests that the case may extend into 2026. Crypto Briefing
Regarding XRP's market performance, as of January 1, 2025, XRP is trading at approximately $2.17. Analysts have varied opinions on its future trajectory. Some forecasts suggest that if XRP maintains support above $2.20, it could potentially reach $10 by 2025. Finance Magnates
It's important to note that while Ripple's leadership remains optimistic about the company's future, there have been no official announcements confirming specific events or developments slated for 2025.
Given the dynamic nature of the cryptocurrency market and regulatory environment, it's advisable for investors to stay informed through official channels and consult financial advisors when making investment decisions.
Will 2025 be the year XRP dominates the market? 🤔 Don’t miss out—stay informed and be ready!
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