SEC may reorganize due to Trump's reelection! Will these 2 coins be able to pass the ETF, will there be another pump?

Trump's return to the White House may promote SEC restructuring and changes in cryptocurrency policy

With Trump's re-election as the President of the United States, the Cryptocurrency market has seen optimism, and the prices of $XRP and Solana have significantly increased. The market expects that Trump's pro-encryption policies may prompt a substantial adjustment in the leadership of the Securities and Exchange Commission (SEC) in the United States. In particular, under the regulation of SEC Chairman Gary Gensler, the Cryptocurrency ETF applications have been repeatedly delayed, causing much complaint in the market, as it is believed that this policy restricts market innovation and development.

There are rumors in the industry that if Trump is elected, he may nominate 'Crypto Mom' Hester Peirce, who has a friendly stance on encryption, as SEC chairman, giving the market more regulatory flexibility and is expected to approve several Cryptocurrency ETF applications, including XRP and Solana ETFs. Earlier, 'encryption city' also compiled some candidates who may become the next SEC chairman.

$XRP market analyst Soldout_Vin pointed out that after Trump's election, $XRP price has departed from the previous consolidation period and is expected to usher in a new breakthrough. Since the election results were announced, $XRP price has risen sharply and has surpassed the important resistance zone. According to analysis, if the SEC does restructure and relax regulations on $XRP, the price of the currency may rise further. In addition, Solana has also shown strength, breaking through the important technical support level, and the market is optimistic about its ETF application being approved in the new regulatory environment.

Source: TradingView Analysts point out that the price of $XRP has broken free from the previous consolidation period and is expected to see a new breakthrough.

XRP and Solana ETF applications may benefit from the new policy

Market reports indicate that if the SEC undergoes a leadership reshuffle, the approval rate of Cryptocurrency ETFs is expected to increase significantly. Based on recent applications from companies such as Bitwise and Canary Capital, it is widely expected that $XRP and Solana ETFs will be favored in a friendly Crypto Assets policy environment.

$XRP has recently broken through $0.56 and attracted a large amount of long positions, indicating strong market confidence in its continuous price pump; Solana, on the other hand, rose to $188 after Trump's election, with analysts predicting that its price may further rise under technical support and even break through $300.

In addition, Bloomberg ETF's chief analyst, Erick Balchunas, pointed out that if the new government takes a more open stance on Cryptocurrency, the pass rate of Solana ETF is expected to rise to 20%, indicating that the market is full of expectations for policy changes after Trump's election. Overall, the market is optimistic about the approval of $XRP and Solana ETF, which will symbolize a new stage in the encryption market and is expected to attract a large influx of institutional funds, driving further price increases for both currencies.

Source: X Erick Balchunas said that if the new government takes a more open stance on cryptocurrency, the expected approval rate of Solana ETF will rise to 20%.

The long-term impact of Trump's election on the encryption market

Analysts generally believe that Trump's election may make Cryptocurrency part of the national assets, thus promoting more proactive regulatory policies. With the new government pushing for the SEC to re-evaluate the positioning of Cryptocurrency, the approval of XRP and Solana's ETF will further strengthen the United States' competitive advantage in the global Cryptocurrency industry. According to optimistic expectations from analysts, the price of $XRP is expected to reach $2 after obtaining ETF approval, and Solana may rise to $500. If the SEC can relax regulations, the Cryptocurrency market will enter a phase of accelerated development.

However, there are also critics warning that the Fluctuation of Cryptocurrency still exists with uncertainty, especially in the variables that may exist in future policies. Some are concerned that if the new regulatory policies are not perfect enough, it may cause market overheating and excessive Fluctuation in prices. Overall, the prospect of Trump's election bringing Favourable Information to the Cryptocurrency market is eye-catching, and whether XRP and Solana can pass the ETF approval in the next few years will become the market's focus of follow.

【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. The responsibility for investment is at one's own risk.