transscreen.ru

Solana-based Bonk has increased in value by 190% over the past week and is trading near ATH 00000345; Floki is another trending memcoin, recording a 350% increase in price on its weekly chart and is 16th in terms of trading volume. Most of the triple-digit growth recorded over the past week is relatively new compared to more established memcoins such as Dogecoin and Shiba Inu.

The major memcoins of the past cycle have also seen bullish gains, with #Dogecoin posting a 90 percent weekly gain and #Shiba Inu posting a 175 percent gain.
The enthusiasm around memcoins is similar to the last bull rally in 2021, when Dogecoin led a bull rally backed by Elon Musk.
Each cycle of enthusiasm for memcoins and their price volatility has helped some investors realize large returns on their investments in a short period of time. However, many other investors have often suffered large losses. Many crypto veterans believe that these tokens have a negative impact on the overall #cryptocurrency market.
I am glad that you are making money with Mimcoin. But it does not benefit the market, and I'm not morally inclined to deal with it. If I could ignore the ethical dilemmas, it would definitely be a gold mine. But it's not for me.
Most of the mimcoins that experienced huge gains during the bull peak were also among the tokens that experienced the sharpest declines. Some of them have lost more than 80% of their value since the peak.
Read us at: Compass Investments
#transscreen.ru #InvestSmart

Attorneys for former FTX CEO Sam "SBF" Bankman-Fried have filed a motion in federal district court in Manhattan asking a federal judge to sentence SBF to between five and a quarter and six and a half years in prison after a jury found him guilty of multiple counts of fraud and money laundering last November. The maximum sentence, therefore, is 110 years.

SBF was charged with two counts of wire fraud, two counts of conspiracy to commit wire fraud, one count of securities fraud, one count of conspiracy to commit commodities fraud and one count of conspiracy to commit money laundering. On March 28, the federal judge hearing the SBF case, Louis A Kaplan, is scheduled to impose sentence.
Federal prosecutors were due to submit their sentencing recommendations on March 15, but a preliminary report (PSR) recommended a 100-year sentence for the former #FTX CEO.
FTX attorneys argued that the PSR's recommendation of a 100-year sentence was "barbaric" because SBF was a first-time offender with no criminal record and "joined at least four other guilty parties in a case where the victim could get - and always has gotten - 100 cents on the dollar.
Because FTX's bankruptcy provides for full restitution to customers, the submission said there would be zero damages to customers, creditors and investors. Legal counsel also cited numerous letters from friends and family strongly supporting a lenient resolution.
Cryptotokens have a long history.
Buy as many SOLs as you have for $3 now.
Sell everything you own.
FTX was one of the largest crypto exchanges, valued at $32 billion in January 2022, but collapsed in November of that year; SBF was found guilty of mismanaging $8 billion in customer funds and many other fraudulent activities.
Read us at: Compass Investments
#transscreen.ru #BlockchainFuture #CryptoNews #MarketInsights

Scott Bessent, President-elect Donald Trump's nominee to be the next Treasury Secretary, has taken steps to get rid of significant assets to avoid potential conflicts of interest.

Before Trump's inauguration, Bessent disclosed assets totaling at least $521 million, but the real value is likely much higher.
On January 11, the U. S. Office of Government Ethics released information about Bessent's assets, indicating the range of value of each. Mr. Bessent, founder of Key Square Capital Management, did not specify the exact value, and some assets were simply listed as over $BTC For example, Mr. Bessent owns residential real estate in the Bahamas worth between $5 million and $25 million.
Mr. Bessent also owns real estate valued between $5 million and $25 million in Cushing, North Carolina, as well as art and antiques valued between $1 million and $5 million.
Mr. Bessent is known for his successful large-scale currency trading on Wall Street and for founding Key Square to capitalize on global macroeconomic trends, but he also seems to be a passive investor.
He is a member of the SPDR S&P 500 #ETF , Invesco S&P 500 Equal Weight ETF and Invesco QQQ, which is tied to the Nasdaq 100 Index.
In addition, he holds more than $50 million in U. S. Treasuries and significant positions in the dollar, euro, Chinese yuan and Japanese yen. He holds significant positions in the dollar, euro, Chinese yuan and Japanese yen. Among his #cryptocurrency investments, Bessent lists the iShares #Bitcoin Trust ETF, which is valued between $2,50001 and $BTC Bessent's decision to divest himself of assets to avoid potential conflicts of interest and to sell certain assets within 90 days of Senate approval This is consistent with federal ethics rules for candidates.
These rules exist to ensure that public officials make decisions based on the public interest, not personal financial gain.
In addition to the asset sale, Mr.
Read us at: Compass Investments
#BlockchainFuture #transscreen.ru

Bitcoin's growing dominance has historically been bad news for altcoins, with BTC up 2.5% on the day while altcoins traded mostly flat or down.

However, some traders believe that bitcoin's dominance is short-lived and that a crash is imminent, opening the market for #altcoins to rise.
In an Oct. 16 post, Benjamin Cowan, founder of ICT Crypto, predicted that bitcoin's dominance would reach 60 percent, while crypto investor "Coach K. Crypto" said bitcoin's dominance has peaked in this cycle, addressing his 129,000 subscribers X, #Bitcoin "has to collapse" before anything else happens, he told them.
The collapse [of bitcoin's dominance] is about to happen.
As a result, Mimcoin and other major altcoins are going to get their hands on it.
An analyst Moataz El-Sayed said on Oct. 14 that bitcoin's dominance is "about to collapse big time" and predicted the start of altcoin season.
Historically, bitcoin was one of the first assets to emerge when its dominance declined. According to TradingView, the ether-to-bitcoin ratio (BTC to #ETH conversion rate) is near its lowest level since April 2021 and was below 0.039 this week.
Bitcoin has remained largely unchanged since hitting an all-time high of $73,738 in March.
But it is now approaching the all-important psychological level of $69,000, a 2021 all-time high it has held for nearly three years.
Read us at: Compass Investments
#CryptoNews #transscreen.ru

History has proven that cryptocurrencies outperform other currencies during currency expansions.

Gold is up more than 30% this year, while the NASDAQ is up just 24.43%.
#Bitcoin (BTC) is currently leading the way, up more than 52% this year.
Data from #cryptocurrency provider Ecoinometrics underscores bitcoin's ability to thrive in times of currency growth.
While major economies face potential financial difficulties, bitcoin's response to the fall of fiat currencies is once again gaining attention. A key example of this was in 2020, when the U. S. and other governments around the world injected significant liquidity into their economies in response to the COVID-19 pandemic.
In this period, bitcoin significantly outperformed traditional assets, demonstrating its potential as a hedge against inflation and currency devaluation.
In the wake of the pandemic, central banks around the world took steps to ease monetary policy on a large scale. In the U. S. , for example, the M2 money supply increased by $6 trillion to overcome the economic impact of COVID-19. According to an analysis by Econometrics, bitcoin has benefited significantly from the influx of liquidity, unlike traditional assets. During this period, the cryptocurrency grew at an impressive #compound annual growth rate (CAGR) of around 150%.
This growth rate is well ahead of the NASDAQ, which grew at an annual rate of less than 50%, and gold, which lagged far behind.
Bitcoin's annual growth rate is about four times that of NASDAQ and 20 times that of gold.
The current economic situation is different from the aggressive financial expansion of 2020. Governments are not printing money at the same pace as they did during the pandemic.
As a result, the price of bitcoin has stabilized in recent months.

Despite the current calm, global fiscal challenges, such as rising budget deficits and debt levels, suggest that a new wave of liquidity injections may be on the horizon.

Read us at: Compass Investments
#transscreen.ru #InvestSmart

What is the secret to Ethereum's dominance? There is a growing demand for cryptocurrency ETFs among investors. Tron's lack of investment products has caused the network to lag behind the major USDT hubs in this cycle, as rapid interest in cryptocurrencies has led to a massive influx of funds into ETFs.

The recent rise in the market value of #Tether (USDT) on #Ethereum reflects some key moments in the cryptocurrency market. As a result, investors are trying to diversify their holdings with other large assets such as Ethereum.
During a fireside chat at Theblock's Emergency conference in Prague, Paolo Ardoino said he benefited from an injection of liquidity as most of the tether will be converted into stable coins.
December 5, Tether issued another 10 billion #USDT tokens to Ethereum.
Ethereum is the primary blockchain for USDT token issuance from at least 2018 through 2021-2024, and Tron has overtaken it as the network with the most USDT tokens issued. Throughout 2021 and the first half of 2022, Tron and Ethereum worked hand-in-hand as the main USDT chains. In 2022/7, Tron led until 11/15, when Ethereum overtook it.
Ethereum's position began to change when U. S. regulators approved the 1/10 bitcoin-ETF. This led to over $110 billion in inflows into this asset class. Ethereum Etf was only approved on May 7 and kept pace with Bitcoin ETFs until last week.
September 5, Ethereum Etf saw record inflows of ¥1 billion in four days at the 3500 level. The fund saw positive inflows for nine days, surpassing the cumulative net inflows of $ 1 billion.
Read us at: Compass Investments
#Crypto2024 #transscreen.ru

Oklahoma State Senator Dusty Devers has introduced a bill to allow employees to be paid in bitcoin and allow businesses to accept the digital asset as payment.

The #Bitcoin Freedom Act, known as SB 325, is an Oklahoma bill. It seeks to establish a framework for the use of bitcoin and allows the use of bitcoin in transactions, salaries, and investments while ensuring compliance with legal requirements.
Any employee, business, corporation, other organization, or resident of the state may negotiate and accept payments and compensation, including salaries, wages, and other compensation in
For state employees who choose to receive their salaries in bitcoin, the bill requires an agreement with the state to determine whether or not SB 325 is established by the state. LIN_BREAK. Employees will be able to choose whether to receive their paychecks in bitcoins, U. S. dollars or both, and will be able to change their choice at the beginning of each pay period.
Devers said the legislation is a necessary step to protect Oklahomans from inflation.
At a time when inflation is eroding the purchasing power of hardworking Oklahomans, bitcoin offers a unique opportunity to protect incomes and investments, Devers contrasted bitcoin's fixed supply with the U. S. dollar printed in Washington, D. C. Not for nothing has President Trump campaigned on bitcoin and spoken at high-profile bitcoin-related events, Devers said. There is no question that bitcoin has entered the mainstream of our economy and is an important part of our financial future.
Read us at: Compass Investments
#transscreen.ru #Crypto2024 #CryptoNews #InvestSmart

BlackRock is set to expand its cryptocurrency product offering by launching an ETP bitcoin fund in Europe, following the rapid growth of US-listed bitcoin fund iShares Bitcoin Trust (IBIT)

The new fund is expected to be based in Switzerland and could launch as soon as this month. The new fund is expected to be based in Switzerland and could launch as early as this month.
The world's largest asset manager, which oversees $4.4 trillion in #ETF assets worldwide, is expanding its digital asset offering beyond North America. The move marks BlackRock's first #cryptocurrency ETP in the European market.
U. S. #bitcoin ETFs have seen significant inflows since their debut last year, with 12 funds raising a total of more than $116 billion, according to data compiled by Bloomberg. BlackRock's iShares Bitcoin Trust (IBIT) was the best-performing ETF in history.
Read us at: Compass Investments
#transscreen.ru #TrendingTopic

Google plans to invest $75 billion in artificial intelligence infrastructure by 2025 Google CEO Sundar Pichai revealed plans for a significant increase in the company's capital spending, predicting $75 billion in 2025, up 43% from $32.3 billion last year.

The main goal of these investments is to develop artificial intelligence (AI) with a focus on the development of artificial intelligence (AI). This dramatic increase in investment is in line with trends in the technology industry: competitors such as Meta are also significantly increasing their spending on AI;
#AI has become one of Google's main revenue drivers, contributing to the company's overall revenue growth of 12% year-on-year to $96.5 billion. Google Cloud revenue also grew 10%, driven by strong growth in AI services and solutions.
Despite these positive results, Alphabet's total revenue was slightly below analysts' expectations, and the company's share price fell by 7% in afternoon trading.
Read us at: Compass Investments
#CryptoUpdates #transscreen.ru #FinTechInnovations #CompassInvestments

Fetch.ai, a cryptocurrency company with artificial intelligence built on Cosmos, announced a $10 million gas pedal to support startups developing solutions focused on AI agents, quantum computing and high-performance technologies.

This gas pedal will operate through the Fetch. ai Innovation Lab, which is designed to connect research with real-world applications. According to a press release sent to Cointelegraph, the lab, which has centers in San Francisco, London and India, will be funded by Humayun Sheikh, CEO of
Fetch. ai and chairman of ASI Alliance, spoke to Cointelegraph about Fetch. ai's funding, mentorship and access to agency technology to help startups scale globally.
the European Cryptoasset Market Regulation (MiCA) has been hailed as an important step forward for the #cryptocurrency industry, despite initial concerns about possible over-regulation when it was first introduced.
MiCA is the world's first comprehensive regulatory framework for cryptocurrencies and will come into full force for cryptoasset service providers on December 30, 2024.
Zekret founder, institutional regulation and #blockchain infrastructure specialist According to Dmitry Radin, CTO of Fideum, a company specializing in regulation and blockchain infrastructure for institutional investors, concerns about over-regulation remain, but in the long run it will be positive for the cryptocurrency industry.
In the long run, [MiCA] is absolutely positive. Any regulation helps the market grow. It leads to more money and more users, Radin told Cointelegraph at Emergence Prague.
However, Radin said the regulations are aimed at identifying "weak points of control" in the cryptocurrency space, which could lead to increased scrutiny of individual investors and end users of cryptocurrency platforms.
insider trading is suspected. At least 15 blockchain wallets have turned an initial investment of $14,600 into more than $20 million, raising concerns about transparency and fairness in the cryptocurrency market.
Memecoin Launchpad Pump. fun.
an analytics firm.
Read us at: Compass Investments
#CompassInvestments #transscreen.ru #CryptoMarketTrends

Binance Coin (BNB) recently bounced off the uptrend line near $675, indicating sustained upward momentum and continued strong bull market structure.

The trend line acts as dynamic support, which is consistent with underlying strength and indicates
resistance at $797.46 is a clear target for buyers. #BNB is consolidating between $675 and $700, forming a pattern of lower lows, which indicates increasing buying pressure. A break above $700 would be a good indicator of a strong bull market structure. BREAK A break above $700 is likely to trigger momentum towards $797.46, supported by Binance's unrivaled ecosystem. The uptrend line and favorable risk-reward ratio reflect investor confidence.
the structure suggests that BNB may maintain bullish momentum, providing an opportunity for strategic entry ahead of the next expected rally.
the BNB index price was 1 below the maximum pain level of $740 throughout the week, closing at $689.51 on January 14. The maximum pain level remained unchanged, indicating an important resistance zone.
the index price fluctuated between USD 680 and USD 720, with support around USD 680 being tested several times. After a brief decline, the price recovered slightly.
This situation suggests that if the buying momentum strengthens, the price may exceed $740. The level of maximum pain is a key resistance, above which the price may rise significantly.
The chart shows that BNB crowd sentiment is -0.12, with a slight bearish bias. The contrast in
indicates a divergence as institutional investor confidence remains positive, while retail investor sentiment is leaning towards caution.
On the other hand, the positive stance of smart money suggests accumulation of funds and confidence in the growth potential of BNB. The divergence may indicate a potential price movement if the market sentiment is in line with institutional trends.
if the bullish momentum from the smart money continues, BNB may test higher resistance levels and exceed USD 250.

Read us at: Compass Investments
#CryptoMarketTrends #MarketInsights #transscreen.ru #CompassInvestments

The U.S. has regained leadership in the cryptocurrency market.

Thanks to the launch of ETFs and Trump's promises, the U. S. has regained leadership in the #cryptocurrency market.
Thanks to the launch of ETFs and Trump's promises, the U. S. has regained leadership in the cryptocurrency market. The U. S. has regained leadership in the cryptocurrency market after Asia claimed leadership in the field for most of 2023.
the U. S. has regained leadership in the cryptocurrency market, Bloomberg reported. This was due to the re-election of Donald Trump as president, as well as the growing demand for cryptocurrency derivatives and exchange-traded funds (ETFs).
The surge in the digital currency sector was accelerated by the successful launch of #Bitcoin ETFs in the U. S. in early 2024. In addition, Trump's victory, which promised to make the U. S. the cryptocurrency capital of the world, further fueled enthusiasm in the U. S. cryptocurrency market.
As a result, the U. S. has returned to the center of attention in the cryptocurrency sector, after Asia dominated the industry for most of 2023. The region is a big beneficiary of the tough measures taken by the Joe Biden administration, which President Trump intends to repeal, the publication writes.
the share of daily bitcoin/dollar transactions during trading hours in the United States rose from 40% in 2021 to about 53%. According to analysts, this shift in liquidity advantage toward the U. S. is due to increased institutional participation.
In 2024, bitcoin and #Ethereum ETFs were approved in the U. S.. The industry expects ETFs for other cryptocurrencies to launch under President Trump. ETFs for Solana, XRP, Litecoin, HBAR and Blend have already been filed with the U. S. Securities and Exchange Commission (SEC).
Open interest (number of open contracts) in bitcoin and Ethereum futures on the Chicago Mercantile Exchange (CME) reached a record high this year.
Read us at: Compass Investments
#CryptoAdoption #transscreen.ru

Animecoin Foundation has announced the launch of its cultural coin ANIME on Ethereum and Arbitrum this month.

Animecoin Foundation, which is associated with the popular
FT project Azuki, will issue a total of 10 billion ANIME tokens, nearly 77% of which will be in circulation on day one.
The Animecoin Foundation intends to "transform the animation ecosystem into a creative, community-owned economy" through the issuance of tokens. For decades, Anime has shaped global culture, from art to fashion, music to games. Starting as a niche subculture, anime has grown into one of the most passionate fandoms in the world, with over a billion fans. However, these fans remain passive consumers. Until now, more than half of
ANIME's total
ANIME is accounted for by the Web3 community, led by Azuki, one of the original members of the Anime Coin Foundation. Azuki's community
Azuki receives 37.5% of the total offering, or 3.75 billion tokens. Another 13% is allocated for "community development, that is, the distribution of tokens managed by ANIME #token holders and future AnimeDAOs to "fund community incentives and initiatives.
Other anime-related projects, Web 3 users of the Kaito analytics platform and some #Arbitrum projects will receive a portion of the 2% of ANIME tokens allocated to the partner community.
ANIME tokens have long been expected, but the official announcement of Azuki's 'NFT' rate helped the project's price on the floor (the lowest asset price on the exchange) rise nearly 9% to 13.67 ETH or $41,505 in the past 24 hours, according to
F Price Floor.
His fellow Azuki Elementals and Beanz also rose in value, climbing 9.6% and 7.4%, respectively.
PENGU, the Pudgy Penguins ecosystem token on Solana, launched on Tuesday and quickly entered the top 100 cryptocurrencies. currencies. According to CoinGecko, the Pudgy Penguins token is currently trading at around $0.0335 and has a market capitalization of around $ 2.

Read us at: Compass Investments
#transscreen.ru #MarketInsights #BlockchainFuture

Cryptocurrency markets fell after President Trump announced he would impose stiff tariffs on imports from Canada, Mexico and China starting Tuesday.

Canada and Mexico imposed retaliatory tariffs, while China promised appropriate countermeasures and said it would file a lawsuit at the WTO.
meme coins were particularly hard hit by the downturn, with many major coins experiencing double-digit percentage drops. Over the past week, Trump's memcoin has fallen nearly 30%.
the #cryptocurrency market reacted to President Trump's plan to impose tariffs of 25% on imports from Canada and Mexico and 10% on Canadian energy and Chinese products with a widespread sell-off that hit memcoins particularly hard. But the sell-off is over. The White House announced that tariffs on imports would go into effect on Tuesday because the three governments had not done enough to stop the flow of drugs into the United States. In response, Canada announced retaliatory tariffs, and Mexico and China promised similar retaliatory measures. On Sunday, China announced it would file a complaint with the World Trade Organization over the tariffs.
The Block's GMCI #Solana Memes Index tracks the top solana memes coins by market capitalization, including Dogwifhat and Bonk, but the conservative-minded market reacted to a Wall Street Journal editorial calling
the stupidest trade war in history, falling more than 13% in the past 24 hours and 30% in the past week. According to The Block's Official Trump Prices page, Trump's official Mimecoin has fallen 7% in the last 24 hours and 30% in the last week. Melania's Memecoins are also struggling, down 5% in the last 24 hours and about 38% in the last week.
According to CoinMarketCap, 19 of the top 20 memcoins by market capitalization have fallen in value by more than 20% over the past seven days. (The only exception is Shibai, which fell in price by 17.3% over the week).

This will be America's golden age! Will it be painful? Maybe it will, maybe it won't.

Read us at: Compass Investments
#transscreen.ru #CryptoUpdates #FinTechInnovations

Ripple transfers 300 million XRP, fueling speculation in the market

Ripple Labs recently made headlines by transferring an impressive 300 million #XRP (worth over $682 million) to an undisclosed wallet, which raised questions about the company
this transaction,
this transaction followed a series of high-profile moves, including the publication of the wallet earlier this month, which resulted in a 15% increase in the price of XRP. The exact reason for the latest transaction is still unclear, but the presence of multiple addresses associated with the wallet could be part of Ripple's ongoing operational process or preparation for future projects
#Ripple is working on the XRP Ledger (XRPL). With a focus on improvement and adoption across the broader crypto space, the company continues to promote the utility of XRP; Stablecoin's RLUSD currently runs on both XRPL and #Ethereum , making Ripple's efforts to establish XRP as a universal asset more apparent.
Read us at: Compass Investments
#transscreen.ru #TokenEconomy

In this article:Bitcoin price rises above $102,400.

The positive premium indicates that U. S. investors are looking to boost their #BTC holdings.
On his first day in the White House, Trump is expected to issue several executive orders related to #cryptocurrencies . He is expected to issue an executive order.
#Bitcoin (BTC) has surged ahead of President-elect Donald Trump's inauguration, with renewed interest from U. S. investors pushing rates higher. At the time of writing, the major cryptocurrency's exchange rate stood at $124.71 million, up more than 2% over the past 24 hours.
Recent data from analytics platform CryptoQuant shows that Coinbase's key premium indicator has recovered. This indicator tracks the price difference between Coinbase's BTC/USD and Binance's BTC/USDT and reflects sentiment in the U. S.
Burak Kesmeci, author of CryptoQuant, wrote the following on his blog Quicktake, in which he writes that as BTC continues to rise, U. S. investors are showing new buying interest.
Read us at: Compass Investments
#TokenEconomy #transscreen.ru

The developers of Friend.tech have announced Spring Airdrop.

The teaser caused a buzz online, but didn't have the desired effect.
After briefly being in the spotlight, Friend. tech activity faded amid privacy, security, and user experience issues.
After a few months in the spotlight, interest in former basic social media sensation Friend. tech has faded completely. In the midst of this downturn, the platform's developers appear to be making one last attempt to get Friend. tech back into the attention of crypto investors.
Since Friend. tech's appearance on the crypto scene in August 2023, rumors of an airdrop of tokens have been swirling around it. On August 18, 2023, the Friend. tech project confirmed these rumors with an air-drop of tokens to users that lasted for six months, after which it was announced that it would serve a "special purpose.
On August 20, 2023, speculation of an air-drop of tokens was further heightened when users noted that Friend. tech's Series A funding included warrants for tokens. However, interest in the platform has waned in recent months, and the hype and excitement around a possible airdrop of airdots has subsided.
On February 24, 2024, the Friend. tech team posted an image of a rabbit with a parachute descending from the sky with a box of diamonds. The caption to the post read:
"The rabbits are preparing for their most dangerous mission this spring.
Following this post, speculation surrounding Friend. tech's aerial mission skyrocketed, causing considerable excitement and discussion among users. However, this excitement has not yet resulted in significant activity on the platform.
Are Friend. tech users ignoring the bait?
According to the Friend. tech Dune Analytics panel from 21. co, the platform's index #rose slightly after recent teasers, but is still on a downtrend and far from historical highs.

On Feb. 24, Friend.

Friend.
Read us at: Compass Investments
#CryptoTrends #CryptoNews #transscreen.ru #TrendingTopic

The crypto industry is asking the House of Representatives to pass the important FIT21 bill next week, aimed at clarifying U.S. regulations and maintaining global competitiveness.

-Share:
The crypto industry is asking the House of Representatives to pass the important FIT21 bill next week, aimed at clarifying U. S. regulations and maintaining global competitiveness.
The FIT21 bill, which aims to create a comprehensive US regulatory framework for #digital assets, is expected to come up for a vote next week. The #cryptocurrency sector has urged House leaders to support this important bill. Many industry representatives have signed letters to key members of the U. S. House of Representatives advocating for passage of the 21st Century Financial Innovation and Technology Act.
The letter emphasizes that passage of the bill will help the United States remain globally competitive as the House of Representatives stands ready for a vote. The vote is a historic moment for the U. S. cryptocurrency industry and could lead to long-awaited regulation. Major associations and companies including Coinbase, Kraken and Andreessen Horowitz have been criticized by House Speaker Mike Johnson (Louisiana Republican) and Minority Leader Hakeem Jeffries (New Jersey Democrat). A vote on the Financial Innovation and Technology for the 21st Century Act (FIT21) is scheduled to take place next week, with action scheduled for mid-week.
The bill seeks to designate the CFTC as the primary regulator of digital assets and define its responsibilities, as opposed to the SEC, by providing consumer protections, including rules for the safekeeping and treatment of customer assets in bankruptcy, as well as imposing safeguards against risky behavior.
Passage of this bill has the potential to advance #blockchain technology and digital assets, expand access to financial services, and protect national security," the letter said. "It is critical for the United States to maintain its leadership in financial innovation.

Read us at: Compass Investments
#transscreen.ru #TrendingTopic

Tether, a leading issuer of stable coins, is reportedly in talks with members of the U.S. Congress to develop a comprehensive regulation of stable coins at the federal level.

According to Fox Business reporter Eleanor Terrett, #Tether according to Fox Business reporter Eleanor Terrett, Tether is reportedly in talks with House Finance Committee #Digital Assets Subcommittee Chairman Brian Steil and Representative French Hill over the STABLE Act. Both lawmakers introduced the bill on Feb. 6, and the discussion with Tether is an important step in shaping the conversation about stable coin oversight.
From me: offshore stable coin giant @Tether_ is working with U. S. lawmakers to influence the regulation of these fiat currencies in the United States. Work with them: The
@ STABLE Act is a piece of legislation aimed at regulating stable coin issuers operating in the US. The Act will require these companies to maintain an asset reserve at a one-to-one ratio, pre-approved by regulators and audited monthly by an independent U. S. accounting firm.
By applying these measures, the bill will ensure that stable coins (traditional assets such as the U. S. dollar and the U. S. dollar) are fully backed and transparent for transactions using stablecoins (digital currencies tied to traditional assets such as the U. S. dollar). Ultimately, the STABLE Act aims to enhance consumer protection and financial stability in the rapidly growing market for digital assets.
In addition, Paolo Ardoino, CEO of Tether, told Terrett that the company is working on two other projects. He added that the company is working on two stablecoin bills and that Tether will comply with the law no matter how it evolves.
We're not going to throw in the towel and let Tether die just because it doesn't adapt to U. S. law, the CEO said. However, there is still a lot of uncertainty about what will actually happen.
Under the proposed rules, Tether would be audited monthly by a U. S.
Tether's active dialog with U. S.

Read us at: Compass Investments
#news #transscreen.ru

The Trump Effect? Oklahoma has joined a growing list of states proposing to use bitcoin as a strategic reserve asset. The bill was introduced in Oklahoma on Wednesday amid a growing national trend of states looking to capitalize on the cryptocurrency's comeback potential.

What happened: the bill, known as House Bill 1203 or the Strategic #Bitcoin Reserve Act, was introduced in the Oklahoma House of Representatives by Cody Maynard.
The bill would allow Oklahoma pension funds and savings accounts to redirect a portion of their assets into bitcoin, which is considered an inflation hedge.
The state treasurer announced that the average market value of $500 billion (about $55 trillion) to invest in #digital assets. Currently, only bitcoin, worth $1.97 trillion, meets this requirement.
Maynard said the assets will be managed responsibly to meet the requirements of fund managers, provide residents with a reliable income and protect their purchasing power from inflationary pressures.
Bitcoin represents freedom from the bureaucracy that prints our purchasing power. It is a symbol For those who believe in financial freedom and sound monetary principles, bitcoin is the ultimate store of value.
Why it matters: Oklahoma isn't the only state taking this initiative. In November 2024, Pennsylvania passed the Bitcoin Strategic Reserve Act, allowing up to 10% of the state treasury's $7 billion reserve to be invested in bitcoin. A month later, Texas introduced a similar bill, the 'Texas Bitcoin Strategic Reserve Act,' which proposed creating a special fund in the state treasury to hold bitcoin as a financial asset for at least five years.
Similarly, Ohio, North Dakota
Dennis Porter, founder of Satoshi Action Fund, a bitcoin advocacy organization that is helping draft these bills, said they are halfway to their goal of passing bitcoin reserve bills in 12 states.
Oklahoma became the sixth state to adopt a strategic bitcoin reserve policy, which, if passed into law, would allow the state to buy bitcoin.

Read us at: Compass Investments
#CryptoUpdates #CryptoNews #transscreen.ru