### Ether Poised for $3,200 Surge Following Trump’s Election Victory; Coinbase Exec Calls for SEC Reforms

Following Donald Trump's recent re-election as President of the United States, optimism among cryptocurrency investors has surged, driving predictions for an impressive rise in Ether's value. Market analysts foresee a short-term breakout for Ether, potentially reaching above $3,200, largely due to the renewed risk appetite spurred by Trump's victory.

On November 6th, Trump's win was confirmed, igniting significant inflows into spot Ether exchange-traded funds (ETFs). Data from Farside Investors reported $52.3 million in net positive inflows on the day of the announcement, followed by an even larger influx of $79.7 million on November 7th. Bitfinex analysts have attributed this positive trend to the Republican win and anticipate that it will propel Ether out of its long-term trading range, establishing $3,200 as a near-term target.

Amid this optimistic environment, Paul Grewal, the Chief Legal Officer of Coinbase, has voiced a call for reform within the US Securities and Exchange Commission (SEC). Grewal advocates for the SEC to embrace a regulatory framework that favors open dialogue and innovation rather than litigation, a change he believes could flourish under Trump’s administration. With Trump indicating plans to dismiss SEC Chair Gary Gensler, the outlook for crypto regulations in the US could dramatically shift.

The excitement surrounding Trump's victory also led to a notable spike in cryptocurrency trading activity. Galaxy Digital, a prominent crypto trading firm, reported its largest trading day of the year on November 5th, as confirmed by CEO Michael Novogratz. This substantial trading volume has been perceived by Novogratz as a validation of the firm’s objectives, and his net worth reflected this sentiment, increasing by approximately $600 million to reach $4.6 billion, according to the Bloomberg Billionaires Index.

In other news, concerns have been raised regarding the fees for token listings on major cryptocurrency exchanges. Tron founder Justin Sun accused Coinbase of demanding exorbitant fees, amounting to $330 million for listing Tron’s TRX tokens. Despite these allegations, Coinbase CEO Brian Armstrong reaffirmed that asset listings on the platform are free, a statement made publicly via a post on X.

The crypto market’s response to the election results has been largely positive, with most of the top 100 cryptocurrencies by market capitalization closing the week in the green. Notably, the Neiro (NEIRO) memecoin emerged as the biggest gainer, with a rise exceeding 55%, followed closely by Raydium’s RAY token, which saw an increase of over 48%.

Overall, the ripple effects of Trump’s re-election on the cryptocurrency market are already evident, marked by both optimistic price projections for key assets like Ether and increased calls for regulatory reform.