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Bitcoin Rises with Trump’s Win: What the Crypto Industry Can Expect from the New Presidency
The Bitcoin investors and the broader crypto industry celebrate Donald Trump’s victory in the U.S. presidential election. They definitely have reasons for it.

Given Trump’s campaign promises to support the crypto business, many in the industry saw him as the clear choice. Particularly, Trump’s campaign accepted cryptocurrency donations, and he even used crypto to treat supporters to burgers in September. All this signaled a new kind of financial strategy. It’s no surprise that Bitcoin surged to a new all-time high once the results were clear, breaking past $75,000 for the first time.
The crypto industry contributed a hefty $130 million to support a pro-crypto candidate. This investment is expected to pay off well under a Trump administration. The incoming Congress is also anticipated to be the most crypto-friendly in history. Especially, compared to the Biden administration, which practiced a generally adversarial crypto policy. Trump in his turn has promised to end this hostile approach and position the U.S. as "the crypto capital of the planet."
This summer, at a Bitcoin conference in Nashville, Trump promised to support Bitcoin miners, protect crypto investors, and, crucially, fire SEC head Gary Gensler, who has been seen as an obstacle to crypto growth. Beyond these promises, Trump’s most appealing pledge to the crypto world was his plan to establish a supportive regulatory environment for digital assets.
It's also worth noting Trump's confidence in Bitcoin’s potential. He regards it as a tool to help the U.S. overcome economic instability and handle the problem of the immense national debt. Trump also suggested the possibility of adopting Bitcoin as a reserve currency.
I'm certain that exciting times lie ahead, and one thing is clear: a new chapter for the crypto industry is beginning.
#Bitcoin #Trump2024 #BTC #BitcoinRally #ProCrypto

Key Takeaways:
$XRP surged to $3.65, surpassing its 2018 record high.The GENIUS Act, signed by President Trump, introduces clear stablecoin regulations.Ripple’s momentum signals a new era for U.S. crypto leadership.
Ripple’s $XRP has officially broken past its previous all-time high, reaching $3.65 following the signing of the GENIUS Act by the U.S. President Donald Trump. This landmark legislation marks a pivotal shift in the regulatory landscape for digital assets, especially stablecoins. With Ripple’s RLUSD poised to play a central role, the crypto community is buzzing with optimism. Let’s unpack what this means for XRP, Ripple, and the broader market.
XRP Breaks 2018 Record, Enters Price Discovery
XRP’s rally was swift and decisive, climbing 16% in a single day and topping its previous peak of $3.40 from January 2018. The surge was fueled by strong hourly momentum and a spike in derivatives activity, with open interest crossing $10 billion. This breakout places $XRP firmly in price discovery territory, signaling bullish sentiment across both retail and institutional investors.
GENIUS Act Ushers in Regulatory Clarity
The GENIUS Act, now law, establishes a federal framework for stablecoins, requiring issuers to hold reserves equal to their outstanding tokens. Ripple’s RLUSD is expected to be a cornerstone of this system, aligning with the company’s long-term vision to rival traditional financial networks like SWIFT. The bill’s passage reflects growing bipartisan support for crypto innovation in Washington.
Ripple’s Vision Gains Global Momentum
Ripple CEO Brad Garlinghouse hailed the moment as “historic,” emphasizing the significance of regulatory clarity for the industry. With the CLARITY Act also advancing, Ripple is positioning itself as a leader in digital finance. The company’s presence at the White House and its expanding institutional partnerships underscore its rising influence in shaping global crypto policy.
#RippleUpdate #ProCrypto #Xrp🔥🔥