The XRP vs SEC drama has long suppressed XRP token prices—but that could change with the election of Trump.
The historic re-election of Donald Trump could mean wholesale changes in the SEC, sparking a bull run immediately after the news of his election.
Solana token prices, meanwhile, spiked up to $185, sparking speculation of a potential retest of its ATH to close out the year.
Is the XRP vs SEC drama about to end?
The protracted XRP vs SEC legal tussle has dampened XRP price action for so long, with XRP failing thus far to sniff anywhere remotely close to $1 this year. The XRP vs SEC lawsuit, centered around the alleged sale of unregistered securities, has caused XRP to underperform the absurd price predictions XRP bulls had in 2024.
But here’s another twist to the XRP vs SEC saga that has had XRP backers buzzing—the election of Donald Trump. With the election of Trump and the potential merry-go-round at the SEC, XRP bulls are hoping that the president-elect could put the XRP vs SEC tiff to rest—and open the door for XRP to finally go on a much-delayed pump.
Solana primed for a retest to close out the year
Solana has performed well all year, with the Layer-1 blockchain network pulling off a sensational comeback from its January 2023 nadir of $9 to peak at $211 last March. While Solana cooled off for most of the third quarter, the re-election of Trump could be the spark it needs to retest its 2021 all-time high of $260.
Solana has been one of the best-performing L1 networks off the strength of its meme coin sector, and that doesn’t look likely to change anytime soon. Solana looks good value to continue its strong performances well into 2025. Add a potentially pro-crypto president-elect, and we could be looking at new heights for Solana in the coming year.
XRP vs SEC fallout may bring far-ranging consequences for crypto
The election of Trump has industry pundits whispering about a potential change of policy for the United States Securities and Exchange Commission. Current SEC Chair Gary Gensler, for one, has been seen as anti-crypto due to the numerous legal challenges that the government agency has mounted against XRP. However, any potential change at the SEC helm could trigger a much-needed laissez-faire approach and a fresh new bull run for the broader crypto industry under Trump.
Just recently, Bitcoin minted a new all-time high at $75,000 after early returns indicated Trump winning—and his pro-crypto stance could spark a new bull run. If the macroeconomic situation continues to improve, we could see a new golden era for crypto.
