XRP price just caught a serious bid. The token jumped more than 8% in 24 hours after news broke that Ripple CEO Brad Garlinghouse secured a seat on the CFTC Innovation Advisory Committee.
Traders are clearly betting that having Ripple closer to regulators could shift the narrative around XRP.
Key Takeaways
- XRP rallied 8.09% to trade near $1.53 on news of the Ripple CEO’s federal appointment.
- The CFTC tapped Garlinghouse and other crypto leaders to advise on digital asset frameworks.
- Institutional flows are rising, with Goldman Sachs revealing a $152 million crypto ETF position.
Garlinghouse Joins Expanded CFTC Committee
This is a pretty big shift from Washington. The CFTC just expanded its Innovation Advisory Committee to 35 members,…
