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- 🚨 Trump vs. Gensler & Powell: Is the Power to Remove Them in His Hands?
🚨 Trump vs. Gensler & Powell: Is the Power to Remove Them in His Hands?
News
Ripple CEO Brad Garlinghouse talks about what Donald Trump’s re-election means for the crypto industry, the Securities and Exchange Commission (SEC) lawsuit end, and the potential launch of XRP ETF. Garlinghouse weighs on the crypto checklist to Trump, with clear regulation for the crypto industry as the major agenda.
In a recent podcast, crypto experts Murad Mahmudov and Arthur Hayes shared their insights on the evolving roles of meme coins, DeFi, and AI tokens. The experts highlight significant shifts and predict how these assets may function by 2025. Besides, they also discussed the ways in which the crypto space is evolving, with meme coins and DeFi tokens acting as distinct financial instruments with varying purposes and trajectories in the market.
Although Donald Trump has repeatedly attacked both Federal Reserve Chair Jerome Powell and SEC Chair Gary Gensler-even hinting that he might remove them-it’s generally assumed that he lacks legal grounds to remove these confirmed officials in the absence of legal wrongdoing on their part.
Markets
The BTC bulls have been confidently defending the $75,000 levels following the Donald Trump victory and the Fed rate cut this week. Earlier today, the Bitcoin price made a new all-time high above $77,000 leading to a similar surge in the altcoin space. However, investors remain curious as to what’s next for Bitcoin and if there’s more fuel in this rally.
Cryptocurrency prices today have again sparked market discussions globally, illustrating mixed trajectories. Bitcoin (BTC) price again touched a new ATH at the $77K mark, whereas Ethereum (ETH) and Solana (SOL) traded in the green territory. However, XRP price faced considerable volatility over the past day, trading in the red currently. Simultaneously, the meme coins sector also showcased mixed actions, sparking market speculations.
In a recent bold forecast, Standard Chartered said that Ethereum price is poised to hit $10,000 in the near term, sparking optimism amid the ongoing rally. Besides, the report also notes that besides ETH, Bitcoin is also gearing up for a strong run towards the north, potentially reaching the brief $200K mark. This forecast comes as the broader digital assets space is witnessing a positive momentum with Donald Trump’s election win and the 25bps Fed rate cut this week.