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Cryptocurrency News Articles
Five Cryptocurrencies to Consider Ahead of President-elect Donald Trump’s Inauguration
Jan 19, 2025 at 11:02 pm
As of January 19, 2025, the cryptocurrency market is experiencing significant activity ahead of President-elect Donald Trump’s inauguration on January 20.
With President-elect Donald Trump’s inauguration approaching on January 20, the cryptocurrency market is experiencing significant activity.
Several cryptocurrencies are positioned to benefit from the political climate and potential regulatory changes.
Here are five cryptocurrencies to consider in the lead-up to Trump’s return to office:
1. XRP Surges as President-Elect Trump’s Inauguration Nears
XRP has recently surged, reaching an all-time high of $3.02 on January 15.
This increase is largely attributed to investor optimism surrounding the ongoing legal battle between Ripple Labs Inc., the developer of XRP, and the Securities and Exchange Commission (SEC).
The SEC’s lawsuit against Ripple Labs, filed in 2020, alleges that XRP was sold illegally as an unregistered digital-asset security.
However, a federal judge ruled in July 2023 that XRP is not a security when sold to the general public on digital-asset exchanges.
With President-elect Trump’s impending return to office and potential changes in SEC leadership favoring the crypto sector, there is hope that the case might be dropped.
2. Dogecoin (DOGE) Poised for Gains with President-Elect Trump’s Return
Dogecoin has been riding a wave of popularity, influenced by figures like Elon Musk.
Recent speculation about Musk’s potential role in shaping DOGE after the inauguration has added fuel to the fire.
Speculation is mounting about the potential cryptocurrencies that may benefit from President-elect Donald Trump’s return to office.
With Trump’s administration expected to be more crypto-friendly, several digital assets are positioned to experience a boost in the coming weeks.
Here are five cryptocurrencies to consider in the lead-up to Trump’s inauguration on January 20.
1. XRP Surges as President-Elect Trump’s Inauguration Nears
XRP has recently surged, reaching an all-time high of $3.02 on January 15.
This increase is largely attributed to investor optimism surrounding the ongoing legal battle between Ripple Labs Inc., the developer of XRP, and the Securities and Exchange Commission (SEC).
The SEC’s lawsuit against Ripple Labs, filed in 2020, alleges that XRP was sold illegally as an unregistered digital-asset security.
However, a federal judge ruled in July 2023 that XRP is not a security when sold to the general public on digital-asset exchanges.
With President-elect Trump’s impending return to office and potential changes in SEC leadership favoring the crypto sector, there is hope that the case might be dropped.
2. Dogecoin (DOGE) Poised for Gains with President-Elect Trump’s Return
Dogecoin has been riding a wave of popularity, influenced by figures like Elon Musk.
Recent speculation about Musk’s potential role in shaping DOGE after the inauguration has added fuel to the fire.
Speculation is mounting about the potential cryptocurrencies that may benefit from President-elect Donald Trump’s return to office.
With Trump’s administration expected to be more crypto-friendly, several digital assets are positioned to experience a boost in the coming weeks.
Here are five cryptocurrencies to consider in the lead-up to Trump’s inauguration on January 20.
1. XRP Surges as President-Elect Trump’s Inauguration Nears
XRP has recently surged, reaching an all-time high of $3.02 on January 15.
This increase is largely attributed to investor optimism surrounding the ongoing legal battle between Ripple Labs Inc., the developer of XRP, and the Securities and Exchange Commission (SEC).
The SEC’s lawsuit against Ripple Labs, filed in 2020, alleges that XRP was sold illegally as an unregistered digital-asset security.
However, a federal judge ruled in July 2023 that XRP is not a security when sold to the general public on digital-asset exchanges.
With President-elect Trump’s impending return to office and potential changes in SEC leadership favoring the crypto sector, there is hope that the case might be dropped.
2. Dogecoin (DOGE) Poised for Gains with President-Elect Trump’s Return
Dogecoin has been riding a wave of popularity, influenced by figures like Elon Musk.
Recent speculation about Musk’s potential role in shaping DOGE after the inauguration has added fuel to the fire.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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