Trump’s 2024 Win Could Pave the Way for XRP & Solana ETFs: Bloomberg Analysis
- Bloomberg analyst Eric Balchunas suggests a Trump victory could lead to easier approval of XRP and Solana ETFs.
- Current SEC Chairman Gary Gensler’s strict stance on crypto regulations hampers new ETF approvals.
- Bitwise has registered an entity in Delaware to advance an XRP ETF, but SEC appeals could delay progress.
Balchunas likens the scenario to a “Trump Call,” implying that applicants for XRP and Solana ETFs are essentially betting on Trump’s win to replace Gensler with a more crypto-friendly SEC chair. This could significantly ease the regulatory pathway for these ETFs.
The outcome of the 2024 U.S. presidential election could have profound implications for the crypto market, potentially altering the regulatory landscape and opening up new investment opportunities.
