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President Donald Trump has said that the innovation of the encryption industry is about to “launch the economic growth explosion” and helps it expand the dominance of the US dollar.
Speaking in a recorded video to The summit of digital assetsTrump said he creates a legal framework that liberates institutions “investment, innovation and participation in one of the most exciting technological revolutions in modern history.”
He said that these innovations will help improve banking and payments systems, while the dollar -backed Stablecoins will help expand the dominance of the dollar for global finance.
He said: “I can already see that the energy and passion of the encryption community is the type of spirit that has built our country and it is exciting to watch while inventing the future of financing.” “It will be here in the United States of America. I think it is as much as possible. We will make together America the power of indisputable bitcoin and the coding capital in the world.
Trump’s comments came when XRP rose after SEC dropped its appeal against Ripple, and Arthur Hayes expected Bitcoin at $ 77,000.
XRP gatherings after the SEC ripples end
XRP gathered after the long condition between Securities and Stock Exchange Committee And Ripple Labs, the company behind XRP, is over.
Brad Garlinghouse, CEO of Ripple Development Company, participated in the X publication yesterday. He said that the organizer dropped its call against the ruling, which said that XRP was not safe when it was sold in the retail market.
This is – the moment we are waiting for. SEC will drop its attractiveness – a resounding victory for Ripple, for encryption, every way you look.
The future is bright. Let’s build. pic.twitter.com/7wsd0c92cm
Brandinghouse March 19, 2025
Investors’ reaction to the news was positively, with Xrp More than 6 % rose in the last 24 hours of trading at $ 2.47 as of 7:16 am EST.
Trump urges FOMC to reduce interest rates
XRP profit has been strengthened during the past 24 hours by the recovery of a wider encryption market by more than 1 % after the FOMC Open Market Committee announced that it will maintain interest rates between 4.25-4.5 %, in line with analysts’ expectations.
While the encryption market reaction was positive, Trump He urged federal reserve officials to “do the right thing” and reduce interest rates.
“The Federal Reserve Bank will be much better in setting cut rates as American definitions begin to move (easily!) On their way to the economy,” Trump wrote in a post on the social truth.
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