Dear Friends,
At the time of writing this article the global cryptomarket is valued at 2.29Trillion USD, which is a up of 2.49%.
BTC is trading firm at $62059 with a +2.39% up. Yesterday it gave a panic signal to all of us by going down to $58,800 marks for a while but it come up with a sharp.
ETH is trading at $3409 with a up of +1.79%.
US has also been a forefront in terms of policy decisions on cryptos.
Eventhough the former President and the Republican candidate now has also been tough talking on cryptos during his time. The Democratic Party and its President Joe Biden and his members are also not favour to cryptos rather.
As this being the situation, the global eco system is changing and there are various shout outs for the mainstream crypto adoptions.
Even part of the US MPs have written to SEC to consider the BTC & ETH ETF approvals.
The major break through has come in the way of approval of BTC ETF in January 2024 and this followed now with the ETH ETF amidst much confusions and controversies.
But the political stand in US on cryptos have changed a lot.
Donald Trump who considered as a tough guy on cryptos once, is now projecting himself as a crypto friendly man.
He in many times openly supported crypto and challenged his opponent Biden that he is making war against cryptos.
He also pointed out that the crypto assets is the need of the hour and there will be no future without cryptos.
He also released his own NFT during the campaign.
He also collected donations for his campaigns in terms of cryptos as well. This is a major focus shift in the view of cryptos
There are various news are out in the media that efforts are on to have Donald Trump to attend the famous annual Bitcoin 2024 conference- which is a highly anticipated event in the cryptocurrency and blockchain industry in the globe. The conference will be held from 25-27, July 2024 at the Music City Center, South Nashville in Tennessee.
If Donald Trump attends this conference, this will be considered as a major milestone for the crypto world.
Already Vivek Ramasamy who tried to contest in the US Presidential Election was in the confirmed speaker list.
In the meantime, it is also said that the US Congressman Matt Gaetz (R-Fla.) has introduced a bill that would allow federal income tax payments to be made in BTC.
We also anticipate that in the days to come, the SEC which is considered for its tough stand against cryptos and the crypto exchanges will also be softening too. The view on crypto coins over securities will also be challenged. If it happens in US, we highly anticipate that the world would also follow. These are the positive indictors for building a crypto friendly eco systems in the US. This will help cryptos unlike the geo-political tension that happened around the world and its is being a reason for its bleed will not happen and it would be ready for all the pump in the general crypto cycle movements!
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