My No. 1 Cryptocurrency to Buy Now That Donald Trump Won the Election (Hint: Not Bitcoin)

Crypto stakeholders got exactly what they wanted with Donald Trump's election win. The price of Bitcoin is at all-time highs of more than $85,000. Trump positioned himself as an advocate for crypto, pledging regulatory reform. I expect the sector to continue to march higher. While I am sure Bitcoin and many other cryptocurrencies will benefit, as many tokens tend to move in parallel, my No. 1 cryptocurrency to buy after Trump's win is not Bitcoin.Although Bitcoin has almost doubled this year, the price of XRP (CRYPTO: XRP) is down about 2%. Ripple Labs founders Brad Garlinghouse and Chris Larsen created XRP in 2012. Originally, Ripple and XRP's main use case was making cross-border payments more efficient with nearly real-time settlements that remove the intermediary required in bank transactions.XRP, though, has struggled since it became the target of a Securities and Exchange Commission (SEC) lawsuit. The SEC sued Ripple, Garlinghouse, and Larsen, claiming they sold XRP as an unregistered security in 2012. Crypto stakeholders and industry-watchers have monitored the case carefully because it had ramifications regarding how much authority the SEC would have to regulate cryptocurrencies as securities. Ripple and its founders won the case, but the SEC has appealed parts of the court decision.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool