After an impressive rally in the past days, XRP is currently moving sideways trading at $1,76 with 2.7% losses in the 24-hour chart. However, the confirmation of Gary Gensler as the Securities and Exchange Commission (SEC) Chairman by the U.S. Senate could bring further benefits to the token.
XRP moving sideways in the 24-hour chart. Source: XRPUSDT Tradingview
With 53 votes in favor and 45 against, the U.S. Senate gave “a warm congratulations” to Gensler. The new SEC chairman has a seemingly more positive stance towards cryptocurrencies.
Before returning to public service, Gensler taught a course on cryptocurrencies and blockchain technology at the Massachusetts Institute of Technology (MIT).
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