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  • 🚨 Binance vs. SEC: Can CZ Turn the Tide? What’s Next for Crypto Regulation?

🚨 Binance vs. SEC: Can CZ Turn the Tide? What’s Next for Crypto Regulation?

News

The 2024 US elections have changed the dynamics of the crypto industry bringing it to the forefront of the global financial industry. In a first-of-its-kind development, crypto donations in this presidential election have exceeded $238 million, outpacing traditional industries like oil and pharma. This is likely to make lawmakers at Washington more favorable toward the digital assets industry.

As the cryptocurrency market continues to buzz with anticipation, ChatGPT has become the latest tool for investors seeking to forecast Bitcoin price. With its real-time information features and AI-driven capabilities, the OpenAI tool has emerged as a key player in the crypto price prediction space.

In the latest development, lawyers representing crypto exchange Binance and its founder Changpeng Zhao (CZ) have filed a motion to dismiss the SEC lawsuit. Last month, the US securities regulator amended the original complaint regarding the “crypto asset securities”, to which Binance responded on Monday.

Markets

Crypto prices today have set off waves of concerns among market participants globally. Bitcoin (BTC) price waned to the $68K level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP prices witnessed a falling action. Simultaneously, the global crypto market cap dipped 0.99% at press time, reaching $2.23 trillion. However, the total market volume witnessed a 12.5% increase in value to $82.04 billion.

Crypto exchange behemoth Binance on Tuesday revealed a vital announcement on meme coins POPCAT & MEW (Cat in a Dogs World). The exchange primarily revealed that it is adding the perpetual contracts for the mentioned meme tokens to its futures copy trading platform. In light of this new enhanced offering revealed by one of the leading exchanges, market watchers speculate whether the Solana meme coins could rally ahead.

Investors are keeping a close eye on how different outcomes in the 2024 U.S. presidential elections could impact the cryptocurrency market. Political shifts can influence regulations, causing notable price changes in cryptocurrencies. This article highlights three cryptos to buy – Rexas Finance, Solana, and Dogecoin – that experts anticipate could see significant growth, with some predictions indicating a potential 300% increase in ideal market circumstances.