The market bid up cryptocurrencies this week ahead of President Trump’s inauguration, which could change the industry’s landscape. We know the lead regulators at the Securities and Exchange Commission (SEC) will be replaced, and a friendlier Congress could also help the industry.
According to data provided by S&P Global Market Intelligence, XRP (XRP -2.18%) was up as much as 43.2% since last Friday’s stock market close and is currently up 37.3%. Hedera (HBAR -4.84%) jumped 41% and settled in at a 31.4% gain for the week, and Stellar (XLM -3.79%) was up 20% at its high and is now trading up 14.3%.
The crypto landscape is changing
No cryptocurrency has felt more heat over the past four years than XRP, which was one of the SEC’s first targets. But the company fought off those legal battles and has become something of a cult cryptocurrency as regulatory changes hit.
To show the momentum…
