Ripple (XRP), Litecoin, and Cardano have seen a significant increase of $10B in their market value. This surge comes as Paul Atkins is appointed by Trump to replace Gensler. Atkins, a former SEC commissioner, is expected to bring a different perspective to the regulatory landscape of cryptocurrencies.
In light of these developments, a crypto tax expert has weighed in on the situation. It remains to be seen how Atkins’ appointment will impact the cryptocurrency market and whether it will lead to more regulations or a more favorable environment for digital assets.
Overall, the market is reacting positively to these changes, with Ripple (XRP), Litecoin, and Cardano all experiencing gains. Investors are closely monitoring the situation to see how the market will continue to evolve in the coming days.