XRP News Today: Trump Administration’s Crypto-Friendly Policies Boost XRP Market Sentiment

Recent developments in U.S. cryptocurrency policy have notably influenced Ripple’s XRP, which remains a major player in the crypto market despite over $100 million in legal expenses from its SEC battle.

Meanwhile, PlutoChain, a rising blockchain platform bringing AI and smart contracts to Bitcoin, is drawing attention from whales with its innovative approach. Here’s a closer look at what’s propelling these two projects forward.

Ripple Rides Regulatory Wave – What Trump’s Administration Means for XRP

Donald Trump’s administration has introduced crypto-friendly policies, boosting optimism for Ripple (XRP). With pro-crypto Paul Atkins as SEC Chair and a mandate to overhaul digital asset frameworks, regulatory clarity could drive growth for XRP and other cryptocurrencies.

Ripple’s utility in cross-border payments positions it for significant gains as institutional interest and liquidity grow under favorable policies. However, critics have raised concerns over Trump’s involvement in ventures like the $TRUMP token, citing ethical risks.

While the administration’s stance signals a promising future for digital currencies, observers caution against blurring the lines between politics and markets.

PlutoChain Aims to Transform Bitcoin with a Hybrid Layer-2 Solution

Transforming Bitcoin has long been a focus for blockchain innovators, and PlutoChain ($PLUTO) shows the potential to contribute to this vision.

By enabling Ethereum-style functionality on Bitcoin’s secure network, PlutoChain wants to introduce a new dimension to the blockchain’s utility. 

Its hybrid Layer-2 technology could address Bitcoin’s inherent limitations, offering an average block time of just 2 seconds (compared to Bitcoin’s 10-minute one) while slashing costs and improving scalability – issues that have long hindered the king of digital assets.

PlutoChain’s Ethereum Virtual Machine (EVM) compatibility could bridge the worlds of Bitcoin and Ethereum, possibly merging Ethereum’s developer-friendly infrastructure with Bitcoin’s unparalleled security.

This fusion might create fertile ground for decentralized applications (dApps), DeFi protocols, and NFT markets directly on Bitcoin – paving the way for the underdeveloped Bitcoin DeFi market to gain traction.

The governance system could be another interesting feature, as it gives users direct control over network direction. Paired with its audited security from SolidProof, QuillAudits, and Assure DeFi, this project has all the elements of a safe and reliable platform.

Scalability isn’t just theoretical – PlutoChain’s testnet processes over 43,200 daily transactions, showcasing real-world readiness.

Furthermore, it could unlock immense potential: Bitcoin’s current DeFi activity sits at just 0.13% of its market cap compared to Ethereum’s 10%. PlutoChain’s innovations could begin to close that gap.

By enabling a new chapter of dApps and advanced functionality, PlutoChain doesn’t just plan to enhance Bitcoin – it could reframe it as a dynamic platform for modern blockchain applications.

Final Words 

Ripple’s XRP is experiencing a wave of optimism as the Trump administration’s crypto-friendly policies foster a pro-innovation climate. XRP’s utility in cross-border payments could gain momentum.

Meanwhile, PlutoChain could redefine Bitcoin’s future. Its hybrid Layer-2 solution plans to enhance Bitcoin with Ethereum-style functionality, potentially enabling smart contracts and dApps. 

By bridging Bitcoin and Ethereum through EVM compatibility, this project could address scalability and possibly unlock Bitcoin’s untapped potential, hinting at a transformative era for the blockchain ecosystem.

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This article is purely informational and should not be interpreted as financial advice. Readers are encouraged to carry out their own due diligence. Predictions involve risk and may not undergo updates.