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President Donald Trump stated that crypto trade innovation is poised to “unleash an explosion of financial progress” and assist it broaden US greenback dominance.
Talking in a recorded video to the Digital Asset Summit, Trump stated he’s making a authorized framework that can liberate establishments to ”make investments, innovate and participate in one of the vital thrilling technological revolutions in fashionable historical past.”
These improvements will assist enhance the banking and funds techniques, whereas dollar-backed stablecoins will assist broaden the greenback’s dominance of worldwide finance, he stated.
“I can already see that the power and keenness of the crypto neighborhood is the form of spirit that constructed our nation and it’s thrilling to look at as you invent the way forward for finance,” he stated. ”It’s going to be proper right here within the USA. It’s I feel as large as you may get. Collectively we’ll make America the undisputed Bitcoin superpower and the crypto capital of the world.
Trump’s remarks got here as XRP surged after the SEC dropped its enchantment towards Ripple, and Arthur Hayes predicted Bitcoin’s backside at $77K.
XRP Rallies After Ripple SEC Case Ends
XRP rallied after the long-standing case between the Securities and Trade Fee and Ripple Labs, the corporate behind XRP, ended.
Ripple CEO Brad Garlinghouse shared the event in an X put up yesterday. He stated that the regulator dropped its enchantment towards a ruling that stated XRP shouldn’t be a safety when bought on the retail market.
That is it – the second we’ve been ready for. The SEC will drop its enchantment – a powerful victory for Ripple, for crypto, each manner you take a look at it.
The longer term is brilliant. Let’s construct. pic.twitter.com/7WsD0C92Cm
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
Traders reacted to the information positively, with XRP up over 6% within the final 24 hours to commerce at $2.47 as of seven:16 a.m. EST.
Trump Urges FOMC To Lower Curiosity Charges
XRP’s achieve within the final 24 hours was boosted by a broader crypto market rebound of greater than 1% after the Federal Open Market Committee (FOMC) introduced that it’s going to maintain rates of interest at between 4.25-4.5%, consistent with analyst expectations.
Whereas the crypto market reacted positively, Trump urged Fed officers to “do the best factor” and lower rates of interest.
“The Fed could be MUCH higher off CUTTING RATES as US Tariffs begin to transition (ease!) their manner into the financial system,” Trump wrote in a put up on Fact Social.
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