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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
Join the Trading Volume & Net Deposit Leaderboards to win from a 20 ETH prize pool
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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Or any o
- 🧠 #GateGiveaway# - Crypto Math Challenge！
💰 $10 Futures Voucher * 4 winners
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1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 4:00 AM July 22 (UTC)
- 🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
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Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd - 🚨 Gate Alpha Ambassador Recruitment is Now Open!
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XRP Soars Amid Trump Victory and SEC Leadership Shift
A new report published in the American Bankruptcy Law Journal by legal scholar Jessica G. McKinlay reveals a striking connection between XRP’s dramatic price surge and the political shift following Donald Trump’s 2024 presidential victory over Kamala Harris. According to the report, Trump’s crypto-friendly policies were instrumental in XRP’s remarkable 443% rally from November 5 to December 2, 2024, when its price climbed from $0.50 to $2.72. By mid-January 2025, XRP reached a seven-year high of $3.40, reflecting growing investor confidence fueled by Trump’s promises to support crypto innovation, clarify regulations, and reduce government interference.
The report also highlights the impact of the SEC’s leadership change, with Paul S. Atkins replacing Gary Gensler as chairman. This transition is widely viewed as beneficial for the crypto industry, bringing renewed hope for resolution in Ripple’s protracted legal battle with the SEC and spurring a bullish market reaction.
While XRP led the gains, Bitcoin and Ethereum also saw significant increases in late 2024, with Bitcoin rising 37.4% and hitting $100,000, and Ethereum surging 47.4%. The report praises Ethereum’s energy-efficient move to proof-of-stake but critiques Bitcoin’s environmental footprint and mining centralization.
Concluding, McKinlay’s report suggests that the combined effects of Trump’s regulatory stance and the SEC leadership overhaul created an environment that allowed XRP to thrive, illustrating how political changes can dramatically reshape crypto market dynamics.