XRP News Today Ripple Report highlights Etf Momentum Builds; BTC for $ 102K

Market Optimism about SEC, which potentially draws its appeal against the programmatic sales of XRP decision, caused XRP demand. US President Trump’s nomination of former SEC Commissioner Paul Atkins as the next SEC chairman added to the momentum. Former SEC officials and legal experts believe that Atkins will turn the course on the agency’s crypto enforcement position.

However, the XRP fell back from its height on December 2024 of $ 3,3999 as investors are awaiting confirmation on the Ripple case. Some market participants believe that acting chairman Mark Uyeda can delay a decision until Paul Atkins joins.

Political change – USA changes against legislative clarity and bank access for crypto.

In a significant legislative shift, the SEC staff abolished Accounting Bulletin (SAB) 121 and opened the door to the banks to offer crypto-related services, including custody. SAB 121 required companies, including banks, to keep crypto assets on their balance even though they kept the cryptos during customer custody. The regulation made it expensive for banks to keep crypto under custody for clients, which limits crypto services and BTC demand.

Meanwhile, in January, US President Trump signed executive orders (EO) to promote innovation in the US digital asset space.

Institutional Momentum-5 issuers filed for a place XRP-ETF.