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XRP (CRYPTO: XRP) is surging in Tuesday's trading. As of 11:45 a.m. ET, the cryptocurrency's price was up by 8.6% over the previous 24 hours. Meanwhile, Bitcoin was up 2.6%, and Ethereum was up 2.5%.
Eric Trump recently put forth a proposal that would exempt XRP from capital-gains tax requirements. Political and regulatory dynamics appear to be moving in favorable directions for XRP.