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The cryptocurrency market is currently facing a downturn, with Bitcoin trading around $95,000. Despite this, Ripple, Solana, and Shiba Inu are highlighted as promising cryptocurrencies for growth in 2025, driven by recent developments and community support. Ripple's legal victories and new stablecoin initiatives, Solana's potential ETF approvals, and Shiba Inu's upcoming TREAT token launch position these assets for potential recovery.
Ripple's ongoing legal battle with the SEC, initiated in December 2020 over allegations of unregistered securities sales of XRP, has seen accusations of unethical tactics from the agency, including harassment of Ripple's CEO. While Ripple has achieved some partial victories, including a recent ruling favoring its retail sales, the SEC's appeal has delayed a final resolution. Changes in SEC leadership could potentially benefit Ripple, but the complexity of the case warrants cautious optimism.
The program aims to support key projects in decentralized finance (DeFi) with investments between $50,000 and $250,000, offering funding, partnerships, and mentorship from notable accelerator partners. Ripple (XRP) shows promise as an altcoin due to potential legal victories against the SEC, while Solana's low valuation and AI integration suggest significant growth potential. Hyperliquid stands out for its efficient decentralized trading platform, and Bittensor is positioned at the intersection of AI and decentralized networks, making it a compelling investment for 2025.
Members of the US Congress, supported by cryptocurrency PACs, will be sworn in for the 119th session on January 3. Significant funding from groups like Fairshake influenced elections, with 10 new senators and 63 house members benefiting, potentially shaping future crypto legislation. With $103 million earmarked for the 2026 election cycle, the crypto industry aims to maintain its political influence.
Ripple's RLUSD stablecoin has been listed on Singapore's Independent Reserve, marking a significant step in its expansion within the competitive stablecoin market. Backed 1:1 by U.S. dollar reserves, government bonds, and cash equivalents, RLUSD aims to address financial inclusion gaps and enhance liquidity through partnerships with global exchanges. The formation of a high-profile advisory board, including figures like Sheila Bair and Raghuram Rajan, underscores Ripple's commitment to regulatory compliance and innovation in the digital asset space.
Pressure is mounting on SEC Chairman Gary Gensler to release an inspector general report regarding former chairman Jay Clayton, amid allegations of ethics violations by William Hinman. A recent letter highlights concerns over the SEC's inconsistent treatment of XRP and Ethereum, with legal experts demanding transparency. SEC Commissioner Joseph Grundfest criticized the lack of distinction between the two cryptocurrencies, questioning the fairness of the SEC's actions against XRP while Ether remains unscathed.
Ripple has appointed Raghuram Rajan, former Governor of the Reserve Bank of India, to its RLUSD stablecoin advisory board, which also includes notable figures like Sheila Bair and David Puth. Rajan's expertise in central banking and financial regulation is expected to enhance the stablecoin's compliance and credibility in a rapidly evolving financial landscape. His insights, alongside those of other board members, aim to ensure RLUSD's sustainable growth and trustworthiness in digital payments.
Ripple's long-awaited stablecoin, RLUSD, is set to launch on December 17, following approval from the NYDFS. The asset will be available for trading on platforms like MoonPay, Bitso, and CoinMENA, and has already positively influenced XRP's price, rising from $2.38 to $2.48. The stablecoin's advisory board includes notable figures such as Raghuram Rajan and Kenneth Montgomery.
Ripple's new stablecoin, Ripple USD (RLUSD), will debut for global trading on December 17, following approval from the New York Department of Financial Services. Backed 1:1 by US dollar deposits and short-term government securities, RLUSD aims to enhance cross-border payments and integrate with decentralized finance protocols.Key appointments to its advisory board include former Reserve Bank of India governor Raghuram Rajan and former Federal Reserve Bank of Boston COO Kenneth Montgomery, who will guide the stablecoin's regulatory and operational strategies.
Bitcoin supporters celebrated as Bernie Moreno defeated incumbent Ohio Senator Sherrod Brown, a key figure against crypto, in a race heavily funded by the crypto industry. With $40 million spent, Moreno's victory signals a shift towards a more pro-crypto Congress, as over 219 crypto-friendly candidates were elected nationwide. Following the election, Bitcoin surged to a record high above $75,000, reflecting the industry's optimism.
Chris Larsen
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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