XRP Surges 45% on Regulatory Developments and Viral Prediction

XRP's price surged 45% to $1.45 after a series of regulatory developments in Washington and a viral prediction by XRP supporter CharuSan.

The US Treasury announced it would increase long-term bond buybacks, triggering $3 billion in short liquidations across crypto markets and fueling a market rally.

The Securities and Exchange Commission (SEC) proposed new fundraising exemptions for crypto assets, including a safe harbor provision that could benefit XRP's classification as a security or not.

CFTC Chair Michael Selig confirmed the regulator would proceed with formal crypto market regulations under current legal authority, easing concerns about regulatory delays.