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President Donald Trump said that cryptographic industry innovation is about to “release an explosion in economic growth” and help him extend the domination of the US dollar.
Speaking in a video recorded in Digital Asset Summit, Trump said that he was creating a legal framework that will release institutions to “invest, innovate and participate in one of the most exciting technological revolutions in modern history”.
These innovations will help improve banking and payment systems, while the stable-coated dollars will help expand the domination of the dollar in world finance, he said.
“I can already see that the energy and passion of the cryptographic community are the kind of spirit that has built our country and that it is exciting to look at that you invent the future of finance,” he said. “It will be here in the United States. I think as large as possible. Together, we will make America the undisputed Bitcoin superpower and the cryptographic world capital.
Trump’s remarks came when XRP jumped after the dry abandoned its call against Ripple, and Arthur Hayes predicted the Bitcoin background at $ 77,000.
XRP rallies after the end of the Ripple Dry case
XRP rallied after the long -standing case between the Commission of securities And Ripple Labs, the company behind XRP, ended.
The CEO of Ripple, Brad Garlinghouse, shared the development in an X Post yesterday. He said that the regulator had abandoned his appeal against a decision that said that XRP was not a title when it is sold on the retail market.
That’s it – the moment when we were waiting for. The dry will abandon its appeal – a resounding victory for Ripple, for the crypto, all the ways you look at it.
The future is brilliant. Let’s build. pic.twitter.com/7wsd0c92cm
– Brad Garlinghouse (@bgarlinghouse) March 19, 2025
Investors reacted positively to news, with Xrp More than 6% in the last 24 hours to negotiate at $ 2.47 at 7:16 a.m.
Trump urges the FOMC to reduce interest rates
The gain of XRP in the last 24 hours has been stimulated by a larger cryptography market of more than 1% after the Federal Open Market Committee (FOMC) announced that it would keep interest rates between 4.25 and 4.5%, in accordance with the expectations of analysts.
While the cryptography market reacts positively, Asset Exhorted Fed officials to “do the right thing” and reduce interest rates.
“The Fed would be much better to reduce reduction rates while American prices are starting to pass (facilitate!) The path of the economy,” wrote Trump in an article on Truth Social.
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