XRP, Solana and Litecoin Danger Dropping $30B Market if Kamala Harris Defeats Trump…

Additional emphasizing his assist for the trade, Trump launched his personal official cryptocurrency, World Liberty Monetary (WLFI)  on October 16, 2024.

Whereas the WLFI mission struggled to realize traction, might lovers applauded the transfer as a serious endorsement for friendlier regulatory regime, which may speed up the approvals for the continued lite if he wins on the polls on Nov 5.

Conclusion: Crypto Merchants Betting Massive on Trump Win

A win for Kamala Harris within the Nov 5 election may see XRP, Litecoin and Solana miss out on the possibility to tug capital inflows from main US-govt regulated company traders like Pension Funds, endowments, and insurance coverage corporations.

Notably the Biden/Harris regime has been closely criticized for stiffing blockchain expertise progress and innovation within the US, with lengthy protracted lawsuits in opposition to main crypto corporations together with the likes of Coinbase, Binance and Ripple.

Nate Geraci, president of the ETF Retailer, additionally echoes this outlook.

“It appears extremely unlikely Harris administration would approve extra spot crypto ETFs, not less than not anytime quickly after the election,”

Nate Geraci, President, ETF Retailer.

With out entry to those trillion-dollar institutional capital pool XRP, Solana and  Solana now danger being sidelined from accessing the government-approved ETF market value $30.1 billion as of Nov three.

Towards the backdrop of Four-years of authorized onslaught from the Biden/Harris regime in opposition to main gamers inside the crypto sector, markets specialists have hinted that Litecoin (LTC), Solana (SOL), and Ripple (XRP) are unlikely to be permitted besides Republican get together nominee, Donald Trump wins the November 5 Presidential elections.