XRP Surges 18% Following White House Crypto Regulatory Summit
XRP jumped 18.7% after President Trump met with executives from Ripple and Coinbase to discuss digital asset policy, breaking months of sluggish price action across the crypto market.
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XRP jumped 18.7% after President Trump met with executives from Ripple and Coinbase to discuss digital asset policy, breaking months of sluggish price action across the crypto market.
Bitcoin climbed to $77,132 on Friday, capping off a week of heavy gains driven by macroeconomic policy shifts and forced liquidations of short positions.
The U.S. Senate has scheduled a procedural vote for September 15 on the Clarity Act, landmark legislation designed to create a federal regulatory framework for digital assets and grant the CFTC oversight of crypto spot markets.
XRP climbed back toward $1.29 following a 30 percent weekly gain, outperforming typical market correlations during a broader digital asset rally sparked by macro announcements and crypto industry meetings in Washington.
US spot XRP exchange-traded funds recorded $5.81 million in daily net inflows on August 18, providing a modest bump in capital as the underlying token repeatedly tested the $1 price mark.
The Commodity Futures Trading Commission has launched an internal review into phrase-based 'mention markets' hosted on prediction platforms, adding to growing regulatory and legal headwinds facing the event trading sector.