The Ripple XRP token witnessed a notable increase, rising by 14% and exhibiting greater strength compared to Bitcoin on Thursday.
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Speculators anticipate that when Gary Gensler resigns from his position as the chief of the SEC, his successor, picked by Donald Trump, will halt the legal actions that the Securities and Exchange Commission has initiated against Ripple, Coinbase, Binance, and other cryptocurrency firms. Fundamentally, they are desiring a more cryptocurrency-supportive head of the Securities and Exchange Commission.
