Political shifts may determine XRP, Solana futures as investors bet on a Trump victory.
XRP’s SEC appeal and leadership change could impact the outlook for crypto ETFs.
Hester Peirce’s potential SEC role sparks bullish sentiment for XRP and Solana markets.
The cryptocurrency market is hoping for a pro-crypto candidate to hold the US presidential position that can bring regulatory clarity, toward assets like XRP, Solana, and other altcoins. Recent filings for ETFs tied to these assets appear to be speculative bets on a potential Donald Trump victory in the 2024 US Presidential race.
Investors believe this change could bring a major regulatory overhaul, especially with the possible departure of SEC Chairman Gary Gensler. This could create more favorable conditions for digital assets.
However, the outcome of the presidential race is crucial, as a Kamala Harris presidency could mean these investments become worthless if her administration keeps a more conservative stance on cryptocurrency regulations.
The ‘Trump Call’ and Its Market Impact
Bloomberg Analyst Eric Balchunas noted in an X post that in the current regulatory climate, filings related to XRP a…
The post XRP, Solana ETFs: US Elections Fuel Speculative ‘Donald Call’ appeared first on Coin Edition.
