CandleFocus Ripple Chairman Chris Larsen's Net Worth Is Up $6 Billion Since Election Day
2024-12-03
Author: Content Editor
XRP, the cryptocurrency behind the XRP Ledger blockchain, has experienced a significant surge in value since Donald Trump's presidential election victory on November 5th. It has increased by as much as 440% and reached its highest price since the initial coin offering boom in 2017-2018. This rise has resulted in a substantial increase in wealth for Ripple Labs co-founder Chris Larsen, who holds a significant amount of XRP tokens. The surge in XRP's value is largely attributed to expectations of a pro-crypto regulatory climate under President Trump. XRP has faced scrutiny from the Securities and Exchange Commission (SEC) for selling unregistered securities, but there is hope that a resolution will be reached and allow for the listing of XRP ETFs.
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