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President Donald Trump stated that crypto trade innovation is poised to “unleash an explosion of financial development” and assist it increase US greenback dominance.
Talking in a recorded video to the Digital Asset Summit, Trump stated he’s making a authorized framework that may 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 increase the greenback’s dominance of world finance, he stated.
“I can already see that the power and keenness of the crypto group is the form of spirit that constructed our nation and it’s thrilling to observe as you invent the way forward for finance,” he stated. ”It’s going to be proper right here within the USA. It’s I believe as huge as you will get. Collectively we are going to 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 attraction in opposition to 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 Alternate Fee and Ripple Labs, the corporate behind XRP, ended.
Ripple CEO Brad Garlinghouse shared the event in an X publish yesterday. He stated that the regulator dropped its attraction in opposition to a ruling that stated XRP isn’t a safety when offered on the retail market.
That is it – the second we’ve been ready for. The SEC will drop its attraction – a powerful victory for Ripple, for crypto, each approach you have a look at it.
The longer term is vivid. Let’s construct. pic.twitter.com/7WsD0C92Cm
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
Buyers 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’ll preserve rates of interest at between 4.25-4.5%, in keeping with analyst expectations.
Whereas the crypto market reacted positively, Trump urged Fed officers to “do the suitable factor” and minimize rates of interest.
“The Fed could be MUCH higher off CUTTING RATES as US Tariffs begin to transition (ease!) their approach into the economic system,” Trump wrote in a publish on Fact Social.
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