Gary Gensler's resignation has sparked optimism in the crypto market, particularly for ETF applications involving assets like Solana ($SOL) and $XRP. The new SEC Chair, Paul Atkins, is seen as more pro-crypto, increasing the likelihood of ETF approvals. Analysts predict that successful approvals could attract billions in investments, significantly impacting market dynamics, especially with XRP recently capturing a large share of trading volume and Solana witnessing a surge in activity linked to the TRUMP meme coin.

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