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- 🚨 CFTC's New Role in Crypto Under Trump: Opportunities and Challenges Ahead 🏛
🚨 CFTC's New Role in Crypto Under Trump: Opportunities and Challenges Ahead 🏛
CoinGape Media
November 27, 2024
News
The incoming Donald Trump administration is considering expanding the regulatory authority of the Commodity Futures Trading Commission (CFTC) to cover the $3 trillion digital asset market. This potential move is part of an initiative to reshape financial regulations in the U.S. under President-elect Trump. The decision could mark a major shift in how the crypto market is regulated.
A district court has granted the U.S. Securities and Exchange Commission’s (SEC) motion to file an omnibus brief in response to the lawsuit dismissal. The motion came in response to requests by Binance, Changpeng Zhao and Binance US to dismiss the amended complaint. The court’s decision on the dismissal of the complaint is still pending.
The memecoin market is buzzing with excitement, and Pepeto ($PEPETO) stands at the forefront, promising to reshape the landscape ahead of the 2025 bull run. With its mission to adopt and support all memecoins through its ecosystem, Pepeto’s exchange, bridge, and swap platform aim to set new standards for interoperability, accessibility, and liquidity.
Markets
The crypto prices today have largely followed a concerning bearish trend. Bitcoin (BTC) witnessed a sharp drop, reaching the $91K level. Ethereum (ETH), Solana (SOL), and XRP also significantly declined over the past day. Meanwhile, Algorand (ALGO) and Fantom (FTM) emerged as the top gainers in the last 24 hours.
The overall market cap has decreased by 2%, currently at $3.18 trillion. Additionally, the overall trading volume has dropped by 9%, now at $220 billion. Let’s explore the performance of top cryptocurrencies as reflected in the crypto prices today on November 27.
After setting up an all-time high (ATH) at $99,690 on November 22, BTC crashed 8.88% in total and created a local bottom at $90,835. Will Bitcoin recover and visit $100,000 or continue its descent to $77,000? Bitcoin (BTC) price today trades at $93,908.0 on 1 PM. BTC price hit a daily high of $94,615.0 today after a 1.57% move on November 27.
Binance has expanded its trading offerings by adding new pairs and trading bots services for trending crypto. Binance Spot will launch pairs for crypto including Apecoin (APE), Hedera (HBAR), Book of Meme (BOME), and other key tokens. Also, Shiba Inu (SHIB) is part of the expansion to enhance liquidity and support for SHIB’s growing demand.