DTX, an emerging altcoin, has the potential to soar to a $5 billion market cap if incoming SEC Chairman Paul Atkins softens crypto regulations. This could be boosted further by the approval of an Ripple XRP ETF, paving the way for greater institutional involvement in the crypto market.
With market conditions shifting, both DTX and XRP could see significant gains. In this article, we will discuss the possible outcomes and what it means for investors and the future of crypto.
The vote on SEC Commissioner Caroline Crenshaw’s reappointment is scheduled for Wednesday, December 18, according to Fox Business. Congress will adjourn for the year on Friday, December 20. If Crenshaw is not reappointed, former President Trump could nominate a new Commissioner.
Crenshaw’s renomination has received a lot of attention. She is one of the three Democratic Commissioners at the SEC and voted against allowing Bitcoin (BTC) spot ETFs.
The SEC also has an important case in the Ripple (XRP) lawsuit. The SEC must file its opening brief for the appeal by January 15. If Crenshaw is reappointed, the three Democrats at the SEC will likely vote to continue with the appeal. This could lead to more selling pressure on XRP, but some investors hope the SEC will eventually drop the appeal.
If the SEC does drop the appeal, it could be a big win for Ripple (XRP) and the broader U.S. digital asset market. This would make the court ruling in July 2023, which found that Programmatic Sales of Ripple do not count as securities, even more important.
Ripple (XRP) is currently around $1.30, and many people expect an XRP ETF to launch soon. Ripple’s CEO, Garlinghouse, believes an XRP ETF in the US is likely, especially after the Bitwise Physical XRP ETF was launched for European investors.
The news about RLUSD being approved is still spreading, and investors are preparing for more updates. XRP’s price increased by 3% over the week, but its market volume dropped by 23%, now at $9.13 billion.
Ripple is becoming one of the most promising cryptocurrencies this year, with more developments and use cases. Many investors who made gains from XRP are now putting their money into the new DTX Exchange ICO, hoping for big returns, with some expecting a 1000x growth by Q1 2025.
DTX Exchange (DTX) is the most popular presale token this year. It is built on a strong and creative platform that offers many features, such as the non-custodial Phoenix Wallet, 1000x leverage, and the VulcanX hybrid blockchain. These features make DTX Exchange a powerful player in the crypto trading world.
DTX Exchange combines the best parts of centralized and decentralized exchanges, giving users the advantages of both.
The platform is designed to be easy to use and includes privacy features like a no-KYC registration process. This makes it ideal for investors who want to trade without revealing their identities.
DTX is currently in Stage 6 of its public presale, priced at $0.12. This offers a 500% ROI for early buyers who purchased it at $0.02. Additionally, Stage 6 buyers will receive a 67% return after the presale cryptocurrency is listed on major markets at $0.20.
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