XRP Rally Fueled by U.S. Lawmakers, Say 34% of South Korean Investors in New Survey
Main Idea
A survey of South Korean investors shows optimism towards Bitcoin and XRP, with regulatory developments in the U.S. influencing market sentiment and XRP's price rally.
Key Points
1. 49.4% of South Korean investors expect Bitcoin’s price to rise, reflecting shifting market sentiment.
2. 34% of respondents attribute XRP’s recent price rally to U.S. crypto legislation and legal developments.
3. Legal uncertainty remains for XRP, as the SEC has not disclosed its stance on appealing the Ripple court decision, delaying potential XRP-linked spot ETF approvals.
4. The GENIUS Act was signed, but the CLARITY Act's progress is pending, affecting regulatory clarity for cryptocurrencies.
5. Ripple is pursuing a banking license and advancing its On-Demand Liquidity (ODL) product, including integrating the RLUSD stablecoin for cross-border remittances.
Description
49.4% of Korean investors expect Bitcoin to rise amid shifting market sentiment 34% of respondents credit U.S. crypto legislation for XRP’s recent price rally SEC delay and pending CLARITY Act continue to affect XRP ETF approval prospects A new investor sentiment survey conducted in South Korea from July 22 to 25 shows growing positive sentiment toward Bitcoin and renewed interest in XRP, driven by recent U.S. regulatory developments. The weekly poll, from CoinNess and Cratos, shows how investor...
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