Opinion: Trump is favoring certain tokens, but may accelerate the approval of ETFs for altcoins like SOL, XRP etc
ChainCatcher news, according to pymnts reports, after Trump announced the inclusion of XRP, ADA, and even SOL in the strategic crypto reserve, he received strong criticism from insiders in the industry. However, Chris Chung, founder of Solana ecosystem DEX Titan said that the current issue is whether we will see some practical details about crypto legislation in the foreseeable future.
He further explained: "It's clear that President Trump is now a driving force behind the trend of the crypto market; he definitely favors certain cryptocurrencies. But I believe that a vote of confidence from the U.S. government could accelerate approval for altcoin ETFs including Solana and XRP as well as other tokens awaiting SEC decisions."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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