Crypto stakeholders got exactly what they wanted with Donald Trump's election win. The price of Bitcoin is at all-time highs of more than $85,000. Trump positioned himself as an advocate for crypto, pledging regulatory reform. I expect the sector to continue to march higher. While I am sure Bitcoin and many other cryptocurrencies will benefit, as many tokens tend to move in parallel, my No. 1 cryptocurrency to buy after Trump's win is not Bitcoin.
Although Bitcoin has almost doubled this year, the price of XRP (CRYPTO: XRP) is down about 2%. Ripple Labs founders Brad Garlinghouse and Chris Larsen created XRP in 2012. Originally, Ripple and XRP's main use case was making cross-border payments more efficient with nearly real-time settlements that remove the intermediary required in bank transactions.
Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free »
XRP, though, has struggled since it became the target of a Securities and Exchange Commission (SEC) lawsuit. The SEC sued Ripple, Garlinghouse, and Larsen, claiming they sold XRP as an unregistered security in 2012. Crypto stakeholders and industry-watchers have monitored the case carefully because it had ramifications regarding how much authority the SEC would have to regulate cryptocurrencies as securities. Ripple and its founders won the case, but the SEC has appealed parts of the court decision.
Trump has promised to try and fire SEC Chairman Gary Gensler "on day one" if elected. Gensler led the charge on the Ripple lawsuit, and many view him as a roadblock to the advancement of crypto. As the face of this important and lengthy lawsuit, XRP should benefit if Gensler is removed, which looks more and more likely.
Gensler also instituted Staff Accounting Bulletin (SAB) 121, which requires banks to treat crypto assets they hold in custody for customers as on-balance sheet liabilities. This has effectively prevented many banks from offering crypto services because they would have higher capital and liquidity requirements, and would likely be subject to more scrutiny from regulators. The rescinding of the regulations in SAB-121 could increase the number of financial institutions willing to safeguard crypto assets.
It's also possible that a more crypto-friendly administration could pave the way for the debut of spot XRP exchange-traded funds (ETFs). At the start of 2024, Bitcoin spot ETFs were approved after a lengthy application and approval process. Such funds buy and hold Bitcoin, then issue shares based on how many Bitcoins they hold. Bitcoin ETFs are easier for investors to buy than Bitcoin itself, widening access to the asset. They have also increased demand for Bitcoin because they must purchase Bitcoin and hold it when investors add money to the ETFs. Ethereum ETFs followed the Bitcoin funds to approval, and some entities have already filed applications for spot XRP ETFs. Ripple Chief Executive Officer Garlinghouse has previously said a spot XRP ETF is "inevitable."
We all know the struggles of not being able to see far away and if you need to, you have to carry around bulky binoculars. If you're hunting, at a sporting event, or doing any outdoor activity - you need the Starscope.
The Starscope was designed by the finest engineering and is all you need - It's small, light-weight, waterproof, and compact so you can take it with you anywhere.
You are able to see for miles with precision and depth to get the best view and amazing photos. It also turns your smartphone camera into a high-quality zoom lens that will bring your pictures to the professional level!
The Starscope is made of real, high-quality optical glass. They are multicoated just like the most expensive camera lenses, to give you super-clear images.
For a Limited Time, Get 50% Off
Oshenwatch is the latest bestselling smart watch that can help you to achieve yout health and fitness goal at home. Oshenwatch has biometric sensors that automatically measure your heart rate, blood pressure, blood oxygen, and even your sleep quality automatically. It is also designed to track your progress with apps designed to count your steps, record distances, and calculate all those calories you burn. You can also receive notifications for phone calls and text messages without even touching your phone with Oshenwatch. Oshenwatch is using advanced Bluetooth 4.0 technology lets you sync with any iOS or Android device wirelessly and provides about 96 hours of normal use and up to 15 days of standby time.
You can use it to monitor your health and crush those fitness goals all while staying connected to your family and friends. Its ideal as a gifts for this seasons, since everyone is looking to stay healthy and safe at home.
Do you also hate having slow Internet and losing the WLAN connection in some rooms? Nothing is worse than Internet sites that load forever and videos that don't start.
With Nettec Booster you can ensure that your entire home is optimally covered, no matter how far away you are from the router! Nettec Booster improves not only the WLAN signal strength in your home, but also the Internet speed! A device that everyone should have in their home.
DangoBuds's Wireless Bluetooth 5.0 Earbuds delivers incredible performance for at much cheaper price than nearest competitors. These high quality premium earbuds are perfect for taking hands free phone calls, working out, and delivers one of the the best voice and sound quality available on the market, comparable to the premium brands in the market.
DangoBuds comes with their ergonomic design give extreme wear-ability and comfort. Once in your ears, they stay there. You can take part in intense activities like running, climbing, camping or horse-riding without the slightest worry that your earphones are going to slip out.
The DangoBuds next generation earbuds have a 3-hour battery life (100 hours on standby) and each set includes a charging case that can power up your buds in just minutes. DangoBuds can also be used separately, or as a pair.
It's ideal as a gifts for your friends and family members.
TVCasterMax is a new device that's disrupting the cable TV industry. It uses cutting-edge technology to let you mirror all audio and video from your smartphone to your TV. The possibilities are endless. Watch YouTube, TV streaming services, powerpoint presentations, or simply browse the internet using your large TV as the screen and sound!
It is incredibly easy to use and small enough to be taken anywhere. Use it at home or bring it to the office. Simply plug it into any TV screen using an HDMI Cable, link it with your smartphone and you're ready to watch your mobile on the big screen! It's a perfect device you should have at home.
Your home's air can be 2-5 times more polluted than outside, containing dust, microbes and pollutants that can cause fatigue, headaches, congestion, and allergic reactions. When you spend 90% of your time indoors, this is major health issue. In fact, polluted air is ranked in the EPA's top five environmental dangers.
Proton Pure is a smart home device that improves the quality of your air indoors. In 30 minutes, it automatically filters 99.7% of invisible 0.1 micron particles - including dust, pollen, pet dander, and mold - in a 500 square feet space.
The MUAMA translator is the ideal device for all holidaymakers, business travellers and employees who frequently encounter language barriers. Difficulties caused by language barriers will soon be a thing of the past!
With just a few button clicks, language can be translated into over 43 languages in real time. The ultimate gadget for every traveller.
As we all know, loud snoring can sound like a freight train! The loud and awful noise can positively RUIN your partner’s sleep - leading to bad moods, arguments, even resentment!
Thankfully, this new breakthrough device can put an end to snoring forever! It uses intelligent technology to monitor for any indication of snoring – and if it detects any, it emits sensory feedback which stops the snoring dead in its tracks!
Copyright © 2024 drtrumpcare.com