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In the latest post, President-elect Donald Trump announced plans to select Paul Atkins as the new US Securities and Exchange Commission chair. This new development is currently dubbed a momentous change, ushering in more positivity in the cryptocurrency sector. Will this new development impact XRP’s price in a more positive way? Let’s find out.
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Paul Atkins As The New SEC Chair: What Happens Next?
The president-elect, Donald Trump, is busy these days building his “super league” by assigning credible cabinet roles to worthy competitors. In this wake, Trump has selected Paul Atkins as the new SEC chair. The development has prompted a wave of excitement to spread across the cryptocurrency domain.
Atkins is known exclusively for his pro-crypto stance and attitude. Under the newly elected SEC chair leadership, the domain is eager to find a solid footing especially XRP, as the token looks forward to ending its tough, years-old battle with the old SEC regime.
The anticipation surrounding the approvals of XRP ETF, followed by the closing of the Ripple-XRP case, is fueling the token rally. Investors are keenly awaiting to witness how Atkins will transform the cryptocurrency domain by establishing core policies that are meant to help the domain holistically and not restrict it in any way.
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AI Predicts XRP Price After Atkins Assumes The Role Of New US SEC Chair
Per AI, in a moderate scenario, XRP can surge to hit $2.75 to $3.75. It may happen if Atkins plays a crucial role in ushering in regulatory clarity concerning the domain. At the same time, the token may also touch the $3.50-$5.00 price mark if Atkins’s pro-crypto stance could help solidify XRP’s social standing and reputation.
Similarly, the portal predicts that the token may skyrocket to hit $7.00-$10.00 in the most bullish scenario. This development may happen if Ripple can clear all regulatory hurdles and gain approvals on existing XRP ETFs.
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