Ripple’s legal battle and Bitcoin’s surge highlight crypto’s growth amid Capitol Hill’s shifting stance.
Pro-Crypto Momentum on Capitol Hill
Ripple CEO Brad Garlinghouse called the 119th Congress the most pro-crypto in U.S. history. Garlinghouse said, “The journey is just beginning, but you can’t deny the energy & excitement already building across the industry. Let’s get to work.”
2025 is here and the Trump bull market is real. For Ripple, this is even more personal after Gensler’s SEC effectively froze our business opportunities here at home for years. The optimism is obvious and very deserved. Today: ✅75% of Ripple’s open roles are now US-based, while…
Republican Majority Favors Crypto
Pro-crypto Republicans now control both the House and Senate, holding a 219-215 majority in the House and 53-47 in the Senate. The party’s agenda seeks a regulatory framework that supports blockchain innovation while safeguarding investors.
SAB 121 Reflects Bipartisan Crypto Support
Despite President Biden’s veto, the bipartisan SAB 121 vote shows limited opposition to advancing U.S. blockchain leadership. The SEC mandate requires companies to report crypto holdings, signaling policy changes.
Anthony Scaramucci highlighted bipartisan support, stating, “All the Democrats under 60 years of age voted against the bill.”
Ripple Case Could Reshape Market Sentiment
Ripple’s SEC case remains pivotal, with the appeal deadline set for January 15. Legal experts believe the SEC’s stance may shift under new leadership after Chair Gary Gensler’s departure.
Former SEC lawyer Marc Fagel remarked, “The appeal will continue for now…but a new administration could move to dismiss the appeal.” An appeal withdrawal could favor XRP, boosting investor confidence and market performance.
XRP Price Trends Amid Legal Uncertainty
XRP has seen gains, closing at $2.4535 on January 3. Market speculation about an SEC withdrawal could drive the token past its 2018 high of $3.5505. However, an appeal would maintain legal uncertainty, potentially stalling its upward momentum.
Bitcoin Rallies with Market Optimism
Bitcoin approached the $100,000 mark, supported by resilient U.S. economic data and growing pro-crypto sentiment. The ISM Manufacturing PMI’s December rise boosted investor confidence, driving risk asset demand.
ETF Market and Strategic Bitcoin Reserve Proposal
On January 3, U.S. BTC-spot ETFs saw inflows of $655 million, highlighting growing institutional interest. Proposals for a Strategic Bitcoin Reserve (SBR) could further influence market dynamics.
Anthony Scaramucci noted the potential for significant government purchases, saying, “A US government acquisition of 500,000 BTC would shift the supply-demand balance in BTC’s favor.”
Crypto’s Future Hinges on Policy and Markets
As 2025 begins, XRP and BTC face critical regulatory and market developments. Progress on the SEC’s Ripple appeal and U.S. ETF inflows will play significant roles. Broader economic policies and global regulations will also shape the trajectory of the crypto market.
Disclaimer:
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