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- 🚨 Decoding Trump's Crypto Strategy: Will It Change the Regulatory Landscape?
🚨 Decoding Trump's Crypto Strategy: Will It Change the Regulatory Landscape?
CoinGape Media
October 16, 2024
News
With rising odds of a Donald Trump victory, Rep. Byron Donalds revealed plans for a significant regulatory shakeup in the crypto space.
As the odds of a Donald Trump victory in the upcoming US Presidential elections increase, the former US President is preparing for a major overhaul in the crypto regulatory infrastructure. Rep. Byron Donalds, the Republican congressman from Florida said on Wednesday that he and Trump discussed how to dismantle the regulatory “headlock” affecting the $2 trillion crypto market amid the hostile behavior from President Biden and VP Kamala Harris.
The US SEC likely has two more days to file its Form C to prevent its appeal getting dismissed in XRP lawsuit, says lawyers.
The U.S. Securities and Exchange Commission (SEC) has missed the Ripple lawsuit appeal deadline, fueling a debate in the XRP community about the appeal being dismissed by the Second Circuit Court. Here are the key findings shared by experts and lawyers on the delay in filing and its consequences for appeal in the lawsuit.
WhitePool, brought forward by WhiteBIT, has become a formidable player in the global crypto market in a very short time.
WhiteBit, one of Europe’s largest crypto exchanges, is in the news spotlight for all the right reasons. WhitePool by WhiteBIT made a big splash on October 8, 2024. In just one day, they mined six blocks, pocketing a cool $1,206,637, or 19.36 BTC. Not bad for a day’s work!
Markets
Crypto prices today have shown slight gains, with BTC maintaining a hold above the $67K mark. ETH, SOL, & XRP follow, noting marginal gains.
The crypto prices today have shown fluxing trajectories, sparking investor speculations globally. While Bitcoin (BTC) price held the $67K level, Ethereum (ETH), Solana (SOL), and XRP prices embarked upon a rollercoaster ride, gradually entering the green territory. Simultaneously, Dogecoin (DOGE) emerged as the day’s top gainers, gaining alongside the broader market trend.
Explore how Bitcoin price could hit a new all-time high as BTC open interest across crypto exchanges and CME has new highs.
With Bitcoin price hovering 8% percent below its all-time high (ATH) of $73,949, the crypto market sentiment is extremely bullish. Analysts across the board expect this time to be different and are looking for a breakout rally that ends the seven-month consolidation. The reason for this optimism is the recent uptick in open interest to new highs on top of the 10% BTC rally in the past week.
Analyst Benjamin Cowen suggests that a significant altcoin rally is unlikely this quarter due to strong DXY and rising Bitcoin dominance.
While the Bitcoin (BTC) price has been eyeing a move above $70,000 recently, top altcoins like Ethereum (ETH), BNB, and Solana (SOL) have picked up much pace in this resurgence. Market analysts believe that it’s too early to call for an altcoin rally and might not happen in the fourth quarter of this year.