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Are you curious about the latest happenings in the world of cryptocurrency and how they are impacting the stock market? Well, you’ve come to the right place. At Extreme Investor Network, we pride ourselves on providing unique insights and valuable information that you won’t find anywhere else.
US Presidential Election Race: Bitcoin Reserve Pledge
As the 2024 US Presidential Election approaches, the influence of BTC price trends is becoming more significant. Rumors are swirling about Donald Trump planning to announce a Bitcoin Reserve Policy if elected, which has driven up BTC demand. Trump is scheduled to speak at Bitcoin 2024 on Saturday, July 27, and the possibility of the US becoming a BTC buyer could propel BTC to new highs.
On the other side of the aisle, Democratic Party front-runner Kamala Harris is also making moves to capture the crypto vote. News recently emerged of Harris planning to attend Bitcoin 2024. With bipartisan support for the US crypto space on the horizon, a potential US Bitcoin Reserve Policy could be a game changer for the market.
SEC vs. Ripple: Settlement Hopes Wane After SEC Closed Meeting
Speculation has been swirling about a potential settlement in the SEC vs. Ripple case, which briefly drove XRP to a high of $0.6378. Investors were hopeful after the SEC announced a closed meeting where Ripple could potentially discuss settlement terms.
However, despite the anticipation, there have been no updates from the closed meeting signaling a settlement. As a result, XRP has dipped below $0.60 as hopes for a resolution fade. Former SEC lawyer Marc Fagel and pro-crypto lawyer Bill Morgan have both cast doubt on the likelihood of a settlement, tempering expectations.
A settlement in the case would put an end to SEC plans to appeal against the Programmatic Sales of XRP ruling, which could have significant implications for the price of XRP. As we closely monitor the developments in this case, XRP could see a return to $1.00 on news of a settlement or a drop below $0.40 if the SEC appeals the ruling.
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