At a rally in Pennsylvania, where Elon Musk voiced his support for Donald Trump, the spotlight unexpectedly turned to $XRP and the broader cryptocurrency landscape. As Trump gains traction against his opponent, Kamala Harris, recent data from PolyMarket indicates a 60.7% chance of Trump securing victory, with Harris’ odds falling to 38.7%.

During the rally, an audience member posed a question to Musk, asking how he viewed the Securities and Exchange Commission's (SEC) stringent stance on cryptocurrencies under the Biden administration, and whether he believed the XRP Ledger could be integrated into financial systems. Musk, while not explicitly endorsing XRP, offered his perspective, stating, “This isn’t a direct endorsement or disapproval of XRP but I do believe that crypto, by its very nature, promotes individual freedom.”

Musk, known for his vocal support of Bitcoin ($BTC ) and Dogecoin ($DOGE ), has consistently backed blockchain technology and decentralized finance. Tesla, his electric vehicle company, has held Bitcoin in its reserves for over three years. Additionally, Musk hinted that he would lead the “Department of Government Efficiency” (D.O.G.E) if Trump were to return to office, playfully referencing the popular DOGE meme coin.

Musk’s remarks have sparked a positive reaction across the crypto market, with Ethereum (ETH) spearheading the rally, posting a 4% gain. Other altcoins have followed suit, contributing to the overall bullish sentiment reverberating through the market.

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