The 4-year legal battle of Ripple has finally come to an end. The SEC has dropped its lawsuit against Ripple, and there are currently no legal troubles from regulators for Ripple.
During Trump's current term, the government's cryptocurrency policy has fully shifted to support and encouragement, with legal actions against cryptocurrency practitioners like Coinbase and Gemini being rescinded after 25 years.
As a result of this news, XRP surged over 10% instantly, while ETH, SOL, and ADA also experienced increases. However, market confidence in mainstream assets remains insufficient, which is related to the recent pullback of high-risk assets like U.S. tech stocks. Following the approval of cryptocurrency spot ETFs, the entry of traditional fund company players has led to the market trends of cryptocurrency assets becoming increasingly similar to those of the traditional stock market, with signs of convergence in influencing factors.
How long this rapid rebound can last is highly questionable, and it could potentially be pushed back down to where it started in a few hours. 07933827670
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