XRPUSD – Daily Chart – 22.01.25Explore our expert analysis here on the SEC’s next move and its implications for XRP’s future.Bitcoin Responds to Shifting US Crypto Regulatory LandscapeMeanwhile, bitcoin (BTC) extended its post-Trump inauguration rally as investors reacted favorably to the latest SEC maneuvers. The increased regulatory activity aligned with President Trump’s pro-crypto agenda, fueling speculation about a US Strategic Bitcoin Reserve (SBR).Markets also anticipate a wave of crypto-related executive orders, including potentially repealing Joe Biden’s veto of the bipartisan vote to withdraw the SEC’s Staff Accounting Bulletin 121 (SAB 121).SAB 121 is an SEC requirement for companies, including banks, to hold crypto assets on their balance sheets even if they hold the cryptos under customer custody. This regulation increases the cost for banks to hold crypto for clients. Consequently, it limits the availability of crypto services. A repeal would open the door to US banks offering crypto-related services, boosting BTC demand.Amicus Curiae attorney John E. Deaton commented on the US crypto market outlook, stating,“There will be speed bumps along the way (e.g. Trump/Melania Coins), bad actors will resurface, we may even see ICO 2.0, and there will be big disagreements within the industry (e.g. Bitcoin v Crypto), but let’s hope rising from the chaos will be the Golden Age of Innovation.”Bitcoin Price OutlookOn Tuesday, January 21, BTC rallied 3.56%, following Monday’s 0.96% gain to close at $106,055. Significantly, BTC closed above the crucial $100k level for the fifth consecutive day, underscoring robust demand.BTC’s price trends hinge on Trump’s executive orders, SBR developments, and US BTC-spot ETF flows.An executive order withdrawing SAB 121, US BTC-spot ETF inflows, and positive US SBR developments could drive BTC beyond Monday’s record high of $109,312. Conversely, falling bets on an SBR and BTC-spot ETF outflows could drag BTC toward $95k.
Mer. Gen 22nd, 2025
