Altcoins Gain Momentum with Gensler’s Exit News; XRP, SOL Rally

Quick Summary:

Most altcoins also outperformed BTC, which is an early sign of capital rotation into smaller, riskier tokens as bitcoin’s pace holds back.

Under the Biden administration, the SEC has led a crackdown on the industry, which resulted in a record high of 46 enforcement actions last year.

This development if successful, would be enormous for Ripple after its longstanding legal issues within the US which will drive institutional interest in the token.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: News Bitcoin Crypto news Ripple (XRP)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 15:11:22 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23766648

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Main Topics: Crypto

Official Website: coinpedia.org

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Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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