I think I've heard a user earlier which states that Trump is a big scam. I think he was referring on him and his promises about cryptos and Bitcoins. Imagine if he won and if it's true? That could cause a massive disappointment from the crypto community. That was also their fault anyways because they immediately believed on the guy despite knowing that he is involved on some anomalies before. With that being said, imagine if he also put a ban in cryptos?
Though it must not be a global one, rather it is only effective on the same country he is living. That would be a total disaster.
XRP on the other hand is a coin made by a bank, so no wonder why many banks warmly supports this coin. Despite of it, I don't think XRP can replace SWIFT because it is more established than it and we must not forget that XRP is still a crypto, I mean maybe some operations which are essential may not really be possible because of that fact.
If what you only want is a boom, then there are still cryptos which can possibly do that. It's not SEC that decides to give up on their agendas but it was XRP who courageously fought its battle and it's worth it because they finally won at the end.
Of course. We can never know for sure until Trump wins the election. If he backs down, the crypto community will vote for Democrats. As simple as that. I don't think he wants that to happen. Right? Crypto-friendly regulations would certainly benefit XRP in the long term. With the SEC backing down, the road is clear for XRP to reach new heights.
The most exciting thing would be the launch of a new stablecoin. Ripple (the company) could position itself as the leader in the stablecoins industry. Perhaps, this will become America's new CBDC? The stablecoin + the XRPL replacing SWIFT would result in higher market prices for the "cryptocurrency" over the long term. It would be the preferred coin of banks worldwide. Who knows what surprises we'll find in the future?