How will XRP and XLM prices react if the SEC merges with the CFTC?

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Like many cryptocurrency enthusiasts, John has been critical of Gary Gensler, not to mention the SEC, as analysts believe their involvement hinders the development of cryptocurrency. An earlier report by CoinGape regarding the SEC case against Ripple showed that the CFTC has initiated 120 legal actions against cryptocurrency service providers, including Ripple, Binance, and Kraken.

The most affected is the price of XRP, which has experienced a crash and consolidation over the past three years. The price trend of XLM is also nearly the same, affected by the SEC's brutal crackdown on Ripple. More importantly, U.S. cryptocurrency users have suffered significant losses as they have been prohibited from conducting many cryptocurrency sales and token trades.

After three years of fighting, with prices recovering from consolidation and reaching a six-year high of $2.84 earlier this month, hope for Ripple has risen. Meanwhile, XLM's price has also reached new highs. Further analysts believe that Gary Gensler's resignation and the launch of the RLUSD stablecoin could push XRP prices to new heights of success.

With just Donald Trump's victory, Ripple's price has revitalized, reaching a six-year high, currently trading at $2.43, with a market cap of $138.81 billion. Additionally, many other factors are also favorable for Ripple, and its price could rise to $15-20, such as Gary Gensler's resignation and the current merger of the SEC and CFTC. This would be a significant milestone, as the SEC has been the driving force behind Ripple's plight.

Currently, the merger of the SEC and CFTC is still just a proposal, facing many technical limitations to achieve this goal, including budget, workforce, and more. However, despite this, if the merger is successful, prices for XRP and XLM could see an increase. Additionally, this could become an important step toward cryptocurrency regulation. Furthermore, these guidelines would allow service providers to operate more smoothly without significant legal issues that consume money and energy.

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