XRP has experienced a significant increase of approximately 15% in the last 24 hours, while Bitcoin and Ethereum have seen losses. This surge in XRP's price can be attributed to two factors: speculation around the potential resignation of SEC Chair Gary Gensler and Ripple's plans to launch its stablecoin, RLUSD. Gensler has emphasized the SEC's commitment to regulating the crypto sector and has clarified that Bitcoin is not considered a security. Ripple's RLUSD stablecoin aims to provide speed, security, and cost efficiency in payments and will be issued on the XRP Ledger and Ethereum blockchain. Ripple plans to launch RLUSD under a New York Trust license, ensuring rigorous oversight and transparency.



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