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The 2024 US election marks a pivotal moment for the crypto industry, with a pro-crypto Congress and a supportive president-elect poised to enhance the US's status in technology and innovation. However, effective progress hinges on regulators shifting from enforcement to thoughtful policy that recognizes the unique nature of decentralized technologies, ensuring that while activities are regulated, the technology itself remains free from undue constraints. Clear, transparent policies are essential to foster innovation and attract new entrepreneurs, ultimately paving the way for a more equitable financial system.
The crypto market is poised for significant institutional interest in 2025, with asset managers potentially adjusting allocations to include bitcoin as a standard asset. This shift may be driven by a desire to capitalize on recent BTC rallies and the emergence of new derivative products like Bitcoin ETFs. Additionally, the tokenization of financial assets and advancements in stablecoin regulation could further enhance institutional adoption, contingent on clearer regulatory frameworks.
The Trump family's cryptocurrency venture, World Liberty Financial, has sparked controversy following a $30 million investment from the Tron platform, linked to funding groups like Hamas and Hezbollah. Eric Trump lauded the UAE's blockchain leadership at the Bitcoin MENA conference, while concerns arise over potential conflicts of interest involving key figures like Steve Witkoff, recently appointed as special envoy to the Middle East. The situation poses a significant test for the Trump administration's commitment to responsible crypto regulation amid growing US-UAE partnerships in fintech.
Bitcoin is projected to peak at $180,000 in Q1 2025, with Ethereum, Solana, and Sui expected to surpass $6,000, $500, and $10, respectively. However, a mid-year retracement could see Bitcoin drop by 30% and altcoins by up to 60% before a recovery in Q4. Regulatory clarity in the U.S. and advancements in Bitcoin Layer-2 solutions are anticipated to accelerate crypto adoption, positioning Bitcoin as a central player in DeFi.
U.S. Representative French Hill, newly appointed chair of the House Financial Services Committee, is prioritizing digital asset legislation in 2025. He aims to establish a clear regulatory framework for digital assets and stablecoins, addressing the current "regulation by enforcement" approach under the SEC. Hill's agenda includes investigating politically motivated debanking practices and fostering an environment for innovation in the crypto sector.
Congressman French Hill, newly elected chair of the House Financial Services Committee, is prioritizing comprehensive crypto regulations to eliminate confusion and foster innovation. His agenda includes simplifying oversight, reducing banking restrictions, and encouraging IPOs, while addressing the regulatory gaps in the $1 trillion US crypto market. Hill also expressed caution regarding the concept of a national Bitcoin reserve, highlighting concerns over volatility and federal overreach.
Representative French Hill, the incoming chair of the House Financial Services Committee, aims to relax banking regulations and standardize crypto market structures to encourage IPOs. He emphasized the need for clear digital asset regulations and expressed uncertainty about establishing a national Bitcoin reserve, despite growing support in various states.
Coinbase Europe has announced the delisting of several stablecoins, including Tether's USDT, to comply with the EU's Markets in Crypto-Assets (MiCA) regulation, which requires stablecoin issuers to obtain e-money authorization. Tether expressed concerns over the rushed actions of exchanges and is finalizing its plans for compliance in the region. Meanwhile, USDC and EURC remain compliant and will continue to be supported on the platform.
Chase Hero, associated with Trump's World Liberty Financial, claims that in the crypto space, compelling narratives can drive immense profits, likening it to selling anything with the right story. As cryptocurrencies face regulatory scrutiny, experts debate whether they should be classified as commodities or securities, with the SEC and CFTC vying for oversight. Under a Trump administration, potential deregulation could benefit the crypto industry, raising concerns about investor protection amid a landscape rife with scams and fraud.
Solana is nearing $1 trillion in total decentralized exchange (DEX) trading volume, currently at $920 million, driven by a surge in memecoin activity. The total value locked (TVL) in liquidity pools is also on the rise, expected to exceed $2 billion soon. Leading the charge are platforms like Raydium, Orca, and Meteora, with Raydium recently surpassing Uniswap to become the top DEX by trading volume.

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