Ripples XRP Set for Massive Rocket as Ripple CEO Declares Trump Bull Market Is Real
Ripples XRP has gained by 18% year-to-date in a rally that has seen it outperform most of the top-ten altcoins. These gains have seen XRPs market capitalization surge past $140 billion, ranking it the third largest crypto after Bitcoin (BTC) and Ethereum (ETH).
According to Ripples CEO, Brad Garlinghouse, Donald Trump is one of the catalysts behind these gains. In an X post, he noted that Trumps election win was good for the broader cryptocurrency industry and Ripple due to a shift in the US regulatory stance towards cryptocurrencies.
2025 is here, and the Trump bull market is real. For Ripple, this is even more personal after Genslers SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved, Garlinghouse stated.
The executive also pointed out the growth of Ripples business in the last six weeks of 2024, when it secured more deals than it had earlier.
Is a Ripple IPO coming in 2025?
Crypto advocate John Deaton has hinted at a possible Initial Public Offering (IPO) for Ripple in 2025. Deaton noted that the company could be listed in US exchanges towards the end of the year or in Q1 2026 based on the decisions of the incoming Chair of the Securities and Exchange Commission (SEC), Paul Atkins.
If Atkins is confirmed quickly, this could happen in the 1st quarter. But because Washington moves slowly, it will likely happen in the 2nd quarter, Deaton stated.
The advocate further stated that the SEC would withdraw the appeal made in the Ripple vs. SEC case. One of the reasons why the regulator would do this was because the decision made by US District Court Judge Torres was not a binding precedent.
Judge Torres made her ruling very FACT SPECIFIC and, thus, only applicable to the facts of the Ripple case. Therefore, the DECISION ITSELF has very limited persuasive use, he stated.
Deaton further revealed that when making her decision, Judge Torres clarified that the ruling was specific to the facts represented in Ripples case. Therefore, the case cannot be used as a precedent to claim that all secondary market sales for digital assets are non-securities.
Appealing the Ripple ruling is a fools errand, and I think Paul Atkins will see it that way. Now you can also see why I called these unelected bureaucrats, Primma Donnas, Deaton concluded.
Moreover, the current SEC Chair, Gary Gensler, is expected to resign on January 20 in a move that could positively impact XRPs price.
Text source: ZyCrypto
