XRP news today: Amonyx Urges XRP Buy Amid 2025 Tax Reform Hopes, ETF Filings

Generated by AI AgentCoin World
Saturday, May 3, 2025 9:53 am ET1min read

Amonyx, a prominent cryptocurrency commentator, issued a concise yet impactful statement on X, urging investors to "Buy $XRP NOW. Something HUGE is coming." This statement has sparked significant interest and speculation within the cryptocurrency community, particularly regarding the potential political and institutional developments that could influence the value and trajectory of XRP.

The timing of Amonyx's statement coincides with various reports and analyses that suggest a transformative period for the digital asset. One key element driving this optimism is a theory reported by Times Tabloid, which attributes the future performance of XRP to proposed U.S. tax reforms that could be introduced by President Donald Trump in 2025. This theory, originating from crypto commentator All Things XRP, posits that the elimination of federal income taxes for individuals earning under $200,000 a year could have far-reaching implications for consumer behavior and investment trends.

If implemented, this tax overhaul would affect an estimated 90% of American workers, potentially increasing their disposable income. The theory suggests that with fewer tax burdens, individuals would have greater flexibility in deploying their capital, which could accelerate the adoption of digital assets like XRP. The hypothesis is grounded in the expectation that increased liquidity among retail investors may translate into higher levels of speculative investment, thereby benefiting the cryptocurrency sector more broadly.

In addition to political speculation, institutional developments concerning XRP are also gaining prominence. Another report from Times Tabloid highlights the status of several pending applications for spot XRP Exchange-Traded Funds (ETFs) in the United States. Prominent cryptocurrency figure Crypto Eri recently listed seven ETF filings under regulatory review, with anticipated decision windows extending from May to October 2025. The entities involved in these filings include Bitwise, Grayscale, 21Shares Core, Canary Capital,

, CoinShares, and Franklin Templeton. Approval of any of these ETFs would mark a significant milestone for XRP, potentially granting the asset a new layer of institutional legitimacy and opening the door to broader investor participation.

While the U.S. Securities and Exchange Commission (SEC) has yet to issue formal decisions on these applications, multiple filings from recognized financial firms have boosted expectations of eventual approval. This institutional momentum, combined with the potential for radical tax reform, appears to inform Amonyx’s call to action. Though no official announcement has yet confirmed the precise nature of the “HUGE” event alluded to by Amonyx, recent narratives from credible sources provide a basis for the influencer’s assertive stance. As both political and financial landscapes evolve, XRP remains under close observation by market participants for its next growth.

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