Donald Trump's win has raised hopes among crypto investors regarding favorable regulations. Known for his crypto-friendly association, Trump's re-election represents a significant milestone for the industry. Investors are particularly encouraged by the resignation of Gary Gensler, the SEC Chair.
The speculation around possible changes, such as the merge of two key regulatory bodies, the SEC and CFTC, has led to discussions on how it could influence the prices of cryptocurrencies like XRP and XLM. This optimism is reflective of broader sentiments in the market geared towards positive regulatory support.
