💫XRP News Today: Trump’s SEC Pick, Crypto Enforcement Actions, and a BTC ATH🎉
Key Points:
Speculation over Trump’s SEC Chair pick grows; Ripple investors eye potential XRP boost amid pro-crypto rumors.
Brad Bondi’s pro-DeFi stance could reshape SEC policies, halting crypto lawsuits and setting XRP legal precedents.
US BTC-spot ETF market inflows surge, driving BTC demand; MicroStrategy adds to its $1.75B BTC purchase plan.
SEC Chair Speculation Heats Up
On Tuesday, November 19, speculation about Trump’s pick for SEC Chair intensified as investors awaited news from the Ripple case.
Bloomberg Intelligence Senior ETF Analyst Eric Balchunas shared reports of Trump considering crypto lawyer Teresa Goody Guillen, a partner at Baker & Hostetler, to take the agency’s top spot. Guillen’s background as a former SEC attorney and her current role in representing blockchain firms makes her a strong candidate.
XRP Price Action
On Tuesday, November 19, XRP declined by 1.29%, partially reversing a 5.84% gain from Monday, closing at $1.1009. XRP trailed the broader crypto market, which advanced by 0.66%, taking the total crypto market cap to $3.020 trillion.
For the Wednesday session, SEC-related news needs consideration as investors eye Trump’s picks for agency heads.
Markets should consider Trump’s appointments for SEC Chair and US Treasury Secretary. A pro-crypto SEC Chair, potentially ending litigation against crypto firms, may push XRP toward $1.5.
Bitcoin (BTC) Price Action
On Tuesday, BTC advanced by 2.15%, following a 1.17% gain from Monday, closing at $92,459. Significantly, BTC climbed to an all-time high of $93,860 before easing back.
Trump’s picks for US Treasury Secretary and SEC Chair could influence his plans to make BTC a strategic reserve asset. Pro-crypto picks could push BTC toward $100,000.
Stay tuned for the latest on how market shifts and regulatory developments impact crypto assets.
