Crypto dance moves

New Trump administration accelerates crypto reforms.

The U.S. financial watchdog, the SEC, appears poised to take major steps in crypto regulation immediately following President Trump’s inauguration. Sources suggest the new SEC leadership could begin implementing sweeping reforms as early as next week.

Just days before the inauguration, the first-ever U.S. Crypto Gala will also take place. Organized by Trump’s crypto advisor David Sacks, this event brings together key industry players to celebrate this new direction. The gala underscores strong support for a pro-crypto stance within the U.S. economic policy.

This proactive approach and symbolic celebration send a powerful message: the crypto industry could see rapid acceleration under Trump. It paints a clear picture of the ambition to position the U.S. as a global leader in blockchain technology, fostering an attractive environment for businesses and investors alike.

XRP climbs back to the top 3.

XRP, the coin developed by Ripple Labs, has made a remarkable comeback, reclaiming its spot among the top three cryptocurrencies by market cap with a value exceeding $159 billion. This marks a significant turning point for XRP, which has been held back for years by ongoing legal battles between Ripple and the SEC.

The legal dispute, centered around whether XRP is a security, created significant uncertainty for Ripple and its investors. However, with policy shifts under the new Trump administration, the outlook for Ripple appears to be clearing rapidly. This has sparked a wave of optimism, attracting both retail and institutional investors.

Another positive indicator is the launch of Ripple’s new stablecoin, RLUSD, alongside speculation about the potential approval of a spot XRP ETF. These developments, coupled with a more favorable regulatory environment, have significantly boosted demand for XRP, driving its price to new heights.

Lower than expected inflation boosts crypto and stock markets.

Last week, the ISM report caused jitters across financial markets. The data showed the U.S. economy was stronger than expected, stoking fears that inflation would remain high and interest rate cuts would be delayed further.

However, core inflation figures released yesterday came in lower than anticipated. Core inflation is one of the most critical metrics for investors, and the decline reinforced expectations that the Federal Reserve could have more room to lower interest rates and stimulate the economy this year.

The crypto market responded immediately, with Bitcoin surging back above $100,000. With the lower inflation data and anticipated rate cuts, sentiment across the crypto market remains bullish.