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Crypto

XRP Surges 19% on Regulatory Optimism and Stablecoin Hopes

Guavy AI Editorial Team
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XRP LINK LUSD
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The price of XRP surged by 19% on Friday following news that Congress needs to pass a 'fair version' of the Digital Asset Market Transparency Act, as stated by President Trump at a White House meeting with cryptocurrency and technology executives.

The event saw attendance from representatives of major players in the industry, including Coinbase, Gemini, Ripple, and Chainlink Labs. This regulatory optimism, coupled with positive ecosystem developments surrounding Ripple's stablecoin RLUSD, drove the price increase.

Ripple CEO Brad Garlinghouse attended the White House summit, where Michael Selig, Chairman of the CFTC, announced an end to 'regulation by enforcement'. This shift in approach is seen as a step towards greater clarity and stability for the cryptocurrency market.

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