Trump’s Memecoin Move Sparks Crypto Revolution: What You Need to Know!

by

This week has seen an increase in the use of Bitcoin within traditional financial systems around the world, with Thailand potentially greenlighting locally-based Bitcoin Exchange Traded Funds (ETFs), and Italy’s Intesa Sanpaolo bank making a significant investment in Bitcoin valued at over a million dollars.

The potential implications for U.S. cryptocurrency policies might stem from the forthcoming administration of President-elect Donald Trump, which could usher in major shifts. Among these changes could be a focus on cryptocurrencies as a national priority and the revocation of stringent Securities and Exchange Commission (SEC) regulations. Let’s delve further into this topic.

Bitcoin

The Securities and Exchange Commission (SEC) of Thailand is contemplating giving the green light to Bitcoin ETFs that are based locally, aiming to increase investment opportunities in cryptocurrencies and position the country as a leading center for digital assets.

The well-known Italian banking institution, Intesa Sanpaolo, has initiated its initial tentative moves into Bitcoin transactions by acquiring approximately one million dollars’ worth of cryptocurrency. This experimental purchase is a calculated move aimed at fulfilling customer requirements.

It’s expected that Donald Trump’s presidential inauguration could bring significant changes to Bitcoin and the broader cryptocurrency market.

Altcoins

BlockDAG addresses critical issues such as scalability and security to construct a network that seems perfectly designed for the future of decentralized technologies.

Just prior to his inauguration, the social media platforms associated with President-elect Donald Trump posted content that seems to represent a genuine Solana meme token named TRUMP.

With Bitcoin’s price fluctuations hovering around the $100,000 mark, it seems that we may be on the verge of entering a new phase in the bull market. It’s worth noting that among the various altcoins, Solana (SOL) appears to be well-positioned to drive this upcoming rally upwards.

Web3

Aurora Labs provides meme coin creators and developers of decentralized applications with their own ready-made blockchains through the introduction of their straightforward and accessible Aurora Cloud Console interface.

Somnia, a high-performance Layer 1 blockchain, has expressed its ambition to popularize web3 gaming, confident that it can distinguish itself in the rapidly expanding GameFi market.

After undergoing a successful four-month trial with more than 14 million participants, Sony has officially initiated the main operation of its Soneium blockchain system.

Regulation

In simpler terms, it means that once he takes office, President-elect Donald Trump intends to issue an official decree prioritizing cryptocurrencies at a national level in the United States. This move would grant the crypto industry a significant role within his government.

U.S. Senator Cynthia Lummis has pointed fingers at the Federal Deposit Insurance Corporation (FDIC), alleging they’ve been deleting records related to digital assets, based on tips from inside the organization itself.

As a crypto investor, I’ve learned that the United States Securities and Exchange Commission (SEC) has decided to escalate its legal dispute with Ripple Labs by officially appealing the initial ruling in our ongoing legal tussle.

As a crypto investor, I’m excited about the possibility of a change in U.S. policy under the new administration. On his first day in office, President-elect Donald Trump might overturn SAB 121 from the SEC, which could mean banks would be allowed to view cryptocurrencies as assets instead of liabilities. This shift could signal a more crypto-friendly stance by the U.S., potentially opening up new opportunities for growth and investment in this space.

Read More

2025-01-19 14:48