Gm tiger

X Empire's token, known as the "X token," is being listed on OKX with significant anticipation. Deposits for the token began on October 15, and trading for the X/USDT pair will go live on October 24, 2024, at 12:00 p.m. UTC. Withdrawals will be available starting October 25 at 10:00 a.m. UTC. The token listing is expected to draw significant attention from investors due to its strong presence in the Tap-to-Earn gaming space on Telegram, where players earn X tokens by participating in in-game activities.

Regarding Telegram details, X Empire has integrated its tokens into Telegram wallets, allowing users to send tokens without transaction fees, which is a feature that makes token transfers more convenient within the messaging platform.

The X Empire token is part of a game ecosystem where players can earn in-game currency, which can be converted into a real token with actual value on the market. The token has a total supply of 690 billion, with 70% allocated to the community, miners, and voucher holders, allowing immediate access with no lockups or vesting periods. The remaining 30% is reserved for development, new users, and future projects.

As for pricing, the X Empire token is projected to launch at around $0.0008 per token, assuming a market cap of $500 million. In a less favorable scenario, the price could drop to $0.0006. Early investors might benefit due to the immediate availability of tokens and the potential for growth.

For additional updates or community discussions, you can follow their official Telegram.

#XempirePresale

$ETH 🔐 Core Security Initiatives

1. Hybrid Proof Architecture for Layer 2 (L2) Finality

To bolster the security of L2 rollups, Ethereum co-founder Vitalik Buterin has proposed a hybrid proof system combining zero-knowledge (ZK) proofs, optimistic rollups, and trusted execution environments (TEEs). This approach aims to achieve rapid transaction finality while maintaining trustlessness. In this model, if two out of three mechanisms validate a rollup's state, finality is achieved instantly; otherwise, the system defaults to an optimistic model with a challenge period.

2. Proposer-Builder Separation (PBS)

As part of the "Scourge" phase, PBS is designed to mitigate censorship and Miner Extractable Value (MEV) attacks by separating block proposal and block construction duties among validators. This separation enhances decentralization and fairness in block creation.

3. Account Abstraction and Smart Contract Wallets

Ethereum is transitioning towards smart contract-based wallets through proposals like EIP-3074 and EIP-5003. This shift aims to improve wallet security, enable features like transaction batching and social recovery, and reduce reliance on externally owned accounts (EOAs).

---

🛡️ Privacy and Data Efficiency Enhancements

4. Proto-Danksharding and Data Blobs

The upcoming Pectra and Fusaka upgrades will introduce proto-danksharding, increasing data blob capacity per block. This enhancement will reduce transaction costs and improve scalability for L2 solutions.

5. Unified ZK Proof Aggregation

To streamline verification processes and reduce gas costs, Ethereum plans to implement a standardized proof aggregation layer. This system will allow multiple applications to combine their zero-knowledge proofs into a single, unified proof.

#EthereumSecurityInitiative 🔐 Core Security Initiatives

1. Hybrid Proof Architecture for Layer 2 (L2) Finality

To bolster the security of L2 rollups, Ethereum co-founder Vitalik Buterin has proposed a hybrid proof system combining zero-knowledge (ZK) proofs, optimistic rollups, and trusted execution environments (TEEs). This approach aims to achieve rapid transaction finality while maintaining trustlessness. In this model, if two out of three mechanisms validate a rollup's state, finality is achieved instantly; otherwise, the system defaults to an optimistic model with a challenge period.

2. Proposer-Builder Separation (PBS)

As part of the "Scourge" phase, PBS is designed to mitigate censorship and Miner Extractable Value (MEV) attacks by separating block proposal and block construction duties among validators. This separation enhances decentralization and fairness in block creation.

3. Account Abstraction and Smart Contract Wallets

Ethereum is transitioning towards smart contract-based wallets through proposals like EIP-3074 and EIP-5003. This shift aims to improve wallet security, enable features like transaction batching and social recovery, and reduce reliance on externally owned accounts (EOAs).

---

🛡️ Privacy and Data Efficiency Enhancements

4. Proto-Danksharding and Data Blobs

The upcoming Pectra and Fusaka upgrades will introduce proto-danksharding, increasing data blob capacity per block. This enhancement will reduce transaction costs and improve scalability for L2 solutions.

5. Unified ZK Proof Aggregation

To streamline verification processes and reduce gas costs, Ethereum plans to implement a standardized proof aggregation layer. This system will allow multiple applications to combine their zero-knowledge proofs into a single, unified proof.

$USDC 🌐 Mastercard’s Stablecoin Integration

Global Acceptance: Mastercard is enabling consumers and businesses to use stablecoins as seamlessly as traditional currencies. Through partnerships with crypto-native platforms like MetaMask, Kraken, Gemini, and Binance, users can spend stablecoins via Mastercard-branded cards at over 150 million merchants worldwide .

MoonPay Collaboration: In a significant move, Mastercard has partnered with MoonPay to launch virtual Mastercard cards linked to users' stablecoin balances. This allows real-time conversion of stablecoins to fiat currency during transactions, facilitating everyday purchases without the need for prior conversion .

Infrastructure Enhancement: The partnership leverages Iron, a stablecoin payment infrastructure acquired by MoonPay, to support seamless stablecoin-powered payments and transform crypto wallets into digital bank accounts .

---

🌏 Regional Implementation: Stables in Asia-Pacific

Virtual Prepaid Card Launch: Australian fintech Stables has introduced the region's first stablecoin-only virtual prepaid Mastercard. Users can spend USDC stablecoins directly at any Mastercard-accepting merchant, both online and in-store .

User Experience: The Stables card offers features like no foreign exchange fees and compatibility with Apple Pay and Google Pay. It supports top-ups via local currencies or cryptocurrencies, including USDT, USDC, DAI, and PYUSD, across multiple blockchain networks .

---

🔍 Strategic Vision

Mastercard's initiatives reflect a broader strategy to integrate digital assets into mainstream finance. By facilitating stablecoin transactions and enhancing cross-border payment capabilities, Mastercard aims to provide users with a seamless and secure payment experience, bridging the traditional and digital financial ecosystems .

#MastercardStablecoinCards 🌐 Mastercard’s Stablecoin Integration

Global Acceptance: Mastercard is enabling consumers and businesses to use stablecoins as seamlessly as traditional currencies. Through partnerships with crypto-native platforms like MetaMask, Kraken, Gemini, and Binance, users can spend stablecoins via Mastercard-branded cards at over 150 million merchants worldwide .

MoonPay Collaboration: In a significant move, Mastercard has partnered with MoonPay to launch virtual Mastercard cards linked to users' stablecoin balances. This allows real-time conversion of stablecoins to fiat currency during transactions, facilitating everyday purchases without the need for prior conversion .

Infrastructure Enhancement: The partnership leverages Iron, a stablecoin payment infrastructure acquired by MoonPay, to support seamless stablecoin-powered payments and transform crypto wallets into digital bank accounts .

---

🌏 Regional Implementation: Stables in Asia-Pacific

Virtual Prepaid Card Launch: Australian fintech Stables has introduced the region's first stablecoin-only virtual prepaid Mastercard. Users can spend USDC stablecoins directly at any Mastercard-accepting merchant, both online and in-store .

User Experience: The Stables card offers features like no foreign exchange fees and compatibility with Apple Pay and Google Pay. It supports top-ups via local currencies or cryptocurrencies, including USDT, USDC, DAI, and PYUSD, across multiple blockchain networks .

---

🔍 Strategic Vision

Mastercard's initiatives reflect a broader strategy to integrate digital assets into mainstream finance. By facilitating stablecoin transactions and enhancing cross-border payment capabilities, Mastercard aims to provide users with a seamless and secure payment experience, bridging the traditional and digital financial ecosystems .

#BinancePizza Binance Pizza Day (Crypto Pizza Day)

Origin: On May 22, 2010, Laszlo Hanyecz paid 10,000 BTC for two pizzas — the first recorded purchase using Bitcoin.

Current Value (2025): That 10,000 BTC is now worth over $600 million, making it a legendary moment in crypto history.

Binance’s Role:

Celebrates "Binance Pizza Day" each year around May 22.

Hosts global pizza giveaways, community events, and Binance Pizza WODL (Word of the Day games).

Often partners with local pizzerias and influencers to promote crypto adoption.

Purpose:

Celebrate Bitcoin’s real-world utility.

Engage the crypto community with fun and rewards.

Reflect on how far crypto adoption has come.

Trading Portfolio Summary

1. Equities (Stocks)

AAPL (Apple Inc.) – 20 shares @ $190

TSLA (Tesla Inc.) – 10 shares @ $170

MSFT (Microsoft Corp.) – 15 shares @ $320

2. Cryptocurrencies

Bitcoin (BTC) – 0.5 BTC @ $62,000

Ethereum (ETH) – 2 ETH @ $3,200

Solana (SOL) – 20 SOL @ $145

3. ETFs & Mutual Funds

SPY (S&P 500 ETF) – 5 shares @ $500

VTI (Vanguard Total Stock Market) – 8 shares @ $240

4. Commodities

Gold (XAU/USD) – 1 oz @ $2,350

Silver (XAG/USD) – 10 oz @ $28

5. Forex

EUR/USD – Long 10,000 units @ 1.0850

USD/JPY – Short 5,000 units @ 155.30

6. Cash Holdings

USD: $2,000

Stablecoins (e.g., USDT, USDC): $1,500

keep increasing

$BTC 1. Purpose of Regulation:

Prevent money laundering and terrorist financing (AML/CFT).

Protect investors from fraud and scams.

Ensure financial stability and consumer safety.

2. Key Regulatory Areas:

Exchanges: Most countries require crypto exchanges to register, verify user identity (KYC), and follow AML rules.

Taxation: Profits from crypto trading are often taxed as capital gains or income.

Securities Laws: Some crypto assets may be classified as securities, requiring compliance with financial market regulations.

Stablecoins: Increasing scrutiny, especially around backing assets and systemic risk.

ICO/Token Sales: Often subject to securities or fundraising laws.

3. Global Approach:

United States: Complex, with multiple agencies (SEC, CFTC, IRS) involved.

European Union: Implementing MiCA (Markets in Crypto-Assets Regulation) to create a unified framework.

India: No official ban, but strict tax rules (30% gains tax and 1% TDS).

China: Crypto trading and mining banned.

UAE/Singapore: Developing crypto-friendly regulatory environments.

#CryptoRegulation 1. Purpose of Regulation:

Prevent money laundering and terrorist financing (AML/CFT).

Protect investors from fraud and scams.

Ensure financial stability and consumer safety.

2. Key Regulatory Areas:

Exchanges: Most countries require crypto exchanges to register, verify user identity (KYC), and follow AML rules.

Taxation: Profits from crypto trading are often taxed as capital gains or income.

Securities Laws: Some crypto assets may be classified as securities, requiring compliance with financial market regulations.

Stablecoins: Increasing scrutiny, especially around backing assets and systemic risk.

ICO/Token Sales: Often subject to securities or fundraising laws.

3. Global Approach:

United States: Complex, with multiple agencies (SEC, CFTC, IRS) involved.

European Union: Implementing MiCA (Markets in Crypto-Assets Regulation) to create a unified framework.

India: No official ban, but strict tax rules (30% gains tax and 1% TDS).

China: Crypto trading and mining banned.

UAE/Singapore: Developing crypto-friendly regulatory environments.

$BTC Overview of Trump's 2025 Tariff Policy

In April 2025, President Trump invoked the International Emergency Economic Powers Act (IEEPA) to declare a national emergency over the U.S. trade deficit. This led to the implementation of a 10% universal tariff on all imports, effective April 5. Additionally, higher "reciprocal tariffs" were imposed on countries with substantial trade surpluses with the U.S., such as China, Mexico, and the European Union .

The administration's goal was to bolster domestic manufacturing, reduce the trade deficit, and encourage companies to relocate production to the U.S. U.S. Trade Representative Jamieson Greer emphasized that these tariffs are central to revitalizing domestic industries and securing supply chains .

---

🔹 Economic Impact

Consumer Spending: A study by the National Retail Federation estimated that the tariffs could reduce American consumers' spending power by up to $78 billion annually, particularly affecting goods like apparel, toys, and electronics .

Market Volatility: The announcement of the tariffs led to significant market turbulence in April, with stock markets losing approximately $6 trillion in value. Although markets have since rebounded, the long-term effects on GDP growth and consumer confidence remain concerns .

Trade Relations: The tariffs strained relationships with key trading partners. China responded with retaliatory tariffs, leading to a temporary 90-day truce where both nations agreed to reduce certain tariffs .

---

🔹 Legal and Political Challenges

The use of IEEPA to impose tariffs has faced legal scrutiny. Several lawsuits argue that the act does not authorize tariffs in non-emergency situations. Small businesses have reported difficulties in financial planning due to the sudden implementation of these tariffs .

Politically, the tariffs have sparked debates. Critics, including former U.S. Secretary of Labor Robert Reich, argue that the tariffs won't effectively revive manufacturing jobs and may harm workers by increasing costs and undermining unions .

---

🔹

#TrumpTariffs Overview of Trump's 2025 Tariff Policy

In April 2025, President Trump invoked the International Emergency Economic Powers Act (IEEPA) to declare a national emergency over the U.S. trade deficit. This led to the implementation of a 10% universal tariff on all imports, effective April 5. Additionally, higher "reciprocal tariffs" were imposed on countries with substantial trade surpluses with the U.S., such as China, Mexico, and the European Union .

The administration's goal was to bolster domestic manufacturing, reduce the trade deficit, and encourage companies to relocate production to the U.S. U.S. Trade Representative Jamieson Greer emphasized that these tariffs are central to revitalizing domestic industries and securing supply chains .

---

🔹 Economic Impact

Consumer Spending: A study by the National Retail Federation estimated that the tariffs could reduce American consumers' spending power by up to $78 billion annually, particularly affecting goods like apparel, toys, and electronics .

Market Volatility: The announcement of the tariffs led to significant market turbulence in April, with stock markets losing approximately $6 trillion in value. Although markets have since rebounded, the long-term effects on GDP growth and consumer confidence remain concerns .

Trade Relations: The tariffs strained relationships with key trading partners. China responded with retaliatory tariffs, leading to a temporary 90-day truce where both nations agreed to reduce certain tariffs .

---

🔹 Legal and Political Challenges

The use of IEEPA to impose tariffs has faced legal scrutiny. Several lawsuits argue that the act does not authorize tariffs in non-emergency situations. Small businesses have reported difficulties in financial planning due to the sudden implementation of these tariffs .

Politically, the tariffs have sparked debates. Critics, including former U.S. Secretary of Labor Robert Reich, argue that the tariffs won't effectively revive manufacturing jobs and may harm workers by increasing costs and undermining unions .

Solv Protocol (SOLV) is currently trading at approximately $0.0406, reflecting a modest daily gain of 3.02%. The token has seen intraday fluctuations between a low of $0.03796 and a high of $0.0409.

Key Metrics:

Market Cap: ~$59.5 million

24-Hour Trading Volume: ~$33.8 million

Circulating Supply: ~1.48 billion SOLV

Max Supply: 9.66 billion SOLV

Trading Platforms: SOLV is actively traded on several centralized exchanges, including:

Bybit: SOLV/USDT pair with a 24-hour volume of ~$2.09 million

Bitget: ~$5.6 million

Gate.io: ~$2.26 million

MEXC: ~$2.04 million

HTX (formerly Huobi): ~$3.67 million

Recent Performance: Over the past week, SOLV has appreciated by approximately 7.9%, outperforming many tokens within the BNB Chain ecosystem. However, it remains about 74% below its all-time high of $0.156, reached in January 2025.

About Solv Protocol: Solv Protocol is a decentralized finance (DeFi) platform focused on providing liquidity and yield infrastructure for digital assets. It offers products like SolvBTC, enabling users to earn DeFi yields and participate in cross-chain point farming. The platform is backed by notable investors such as Binance Labs and Blockchain Capital and has undergone security audits by firms like Certik and Quantstamp.

For real-time updates and trading, you can monitor SOLV on platforms like CoinMarketCap and CoinGecko.

$BTC As of May 13, 2025, Bitcoin (BTC) is trading at approximately $104,068, reflecting a modest daily gain of about 1.1%. The cryptocurrency reached an intraday high of $104,136 and a low of $101,065, indicating continued volatility around key resistance levels near $105,000.

The recent price movements are influenced by several factors:

Inflation Data: The U.S. Consumer Price Index (CPI) for April showed a year-over-year increase of 2.3%, slightly below expectations. This cooling inflation data has bolstered optimism in the crypto markets, with traders speculating on potential Federal Reserve rate cuts.

Regulatory Developments: Arizona's recent veto of crypto-related bills has introduced some regulatory uncertainty, contributing to market caution.

Institutional Adoption: Coinbase's upcoming inclusion in the S&P 500 index on May 19 is seen as a significant milestone for the cryptocurrency sector, potentially attracting more institutional investment.

Technical indicators suggest that Bitcoin is maintaining strong support above the $100,000 mark, with bullish momentum observed on daily charts. Analysts are watching for a potential breakout above $105,000, which could signal the next leg higher in the ongoing bull run.

For a more detailed analysis of Bitcoin's current market position, you might find the following video insightful:

#CryptoCPIWatch The term "crypto round table reward" has been associated with a recent high-profile event involving a cryptocurrency launched by former U.S. President Donald Trump. In January 2025, Trump introduced the $TRUMP coin, which quickly gained attention and amassed a market capitalization exceeding $2 billion. To promote the coin, a contest was held where the top 220 buyers would be rewarded with an exclusive dinner with President Trump. This event is scheduled for May 22, 2025, at the Trump National Golf Club in Virginia. Additionally, the top 25 holders are invited to a VIP reception with the president.

While this initiative has garnered significant interest, it has also raised ethical concerns. Critics argue that such promotions could lead to potential conflicts of interest, especially considering the pseudonymous nature of cryptocurrency transactions. There are apprehensions about foreign entities potentially using this avenue to gain influence, prompting Senator Richard Blumenthal to initiate an ethics inquiry into the matter.

In the broader context, the use of crypto rewards in fundraising and promotional activities is not new. A study titled "The Effect of Crypto Rewards in Fundraising: From a Quasi-Experiment to a Dictator Game" explored how crypto-based thank-you gifts, such as NFTs, influence donor behavior. The research found that while such rewards can increase the number of donations, they might also lead to smaller individual contributions.

In summary, while crypto-based rewards like exclusive events can be effective promotional tools, they also bring forth ethical and regulatory challenges that need careful consideration.

#CryptoRoundTableRemarks The term "crypto round table reward" has been associated with a recent high-profile event involving a cryptocurrency launched by former U.S. President Donald Trump. In January 2025, Trump introduced the $TRUMP coin, which quickly gained attention and amassed a market capitalization exceeding $2 billion. To promote the coin, a contest was held where the top 220 buyers would be rewarded with an exclusive dinner with President Trump. This event is scheduled for May 22, 2025, at the Trump National Golf Club in Virginia. Additionally, the top 25 holders are invited to a VIP reception with the president.

While this initiative has garnered significant interest, it has also raised ethical concerns. Critics argue that such promotions could lead to potential conflicts of interest, especially considering the pseudonymous nature of cryptocurrency transactions. There are apprehensions about foreign entities potentially using this avenue to gain influence, prompting Senator Richard Blumenthal to initiate an ethics inquiry into the matter.

In the broader context, the use of crypto rewards in fundraising and promotional activities is not new. A study titled "The Effect of Crypto Rewards in Fundraising: From a Quasi-Experiment to a Dictator Game" explored how crypto-based thank-you gifts, such as NFTs, influence donor behavior. The research found that while such rewards can increase the number of donations, they might also lead to smaller individual contributions.

In summary, while crypto-based rewards like exclusive events can be effective promotional tools, they also bring forth ethical and regulatory challenges that need careful consideration.

#CryptoCPIWatch The U.S. Consumer Price Index (CPI) for April 2025 showed a year-over-year increase of 2.3%, slightly below the anticipated 2.4% and down from March's 2.4% . This cooling inflation data sparked optimism in the crypto markets, with Bitcoin (BTC) and Ethereum (ETH) experiencing price surges as traders speculated on potential Federal Reserve rate cuts .

Despite this positive momentum, broader macroeconomic factors, such as ongoing U.S.–China trade tensions and tariff uncertainties, continue to influence market sentiment . While the CPI report provides a bullish signal for cryptocurrencies, investors should remain cautious and monitor upcoming economic indicators that could impact the Federal Reserve's policy decisions.

For a more in-depth analysis of the CPI's impact on the crypto market, you might find the following video insightful:

#FOMCMeeting As of May 6, 2025, the Federal Open Market Committee (FOMC) is convening for its scheduled two-day policy meeting. The consensus among analysts and market participants is that the Federal Reserve will maintain the current federal funds rate at 4.25%–4.50%, resisting calls for immediate rate cuts despite signs of economic slowdown.

Key Points:

Interest Rates: The Fed is expected to keep rates steady, emphasizing a cautious approach amid economic uncertainties. Despite a 0.3% GDP contraction in Q1 and rising jobless claims, the central bank remains focused on controlling inflation, which stood at 2.6% in March.

Inflation and Tariffs: Recent tariffs implemented by the Trump administration have contributed to inflationary pressures, complicating the Fed's policy decisions. While inflation has cooled from previous highs, the central bank is wary of potential stagflation—a combination of stagnant growth and persistent inflation.

Market Expectations: Financial markets are pricing in potential rate cuts later in the year, possibly starting in July or December, contingent on further economic data. However, Fed officials, including Chair Jerome Powell, have signaled a "wait-and-see" approach, prioritizing long-term economic stability over short-term market pressures.

Balance Sheet Policy: In March, the Fed decided to slow the pace of its balance sheet reduction, reducing the monthly redemption cap on Treasury securities from $25 billion to $5 billion, while maintaining the $35 billion cap on agency debt and mortgage-backed securities. This move reflects increased uncertainty around the economic outlook and aims to ensure adequate liquidity in the financial system.

The Fed's policy statement and Chair Powell's press conference, scheduled for May 7, are anticipated to provide further insights into the central bank's assessment of economic conditions and future policy direction.

#USHouseMarketStructureDraft On May 5, 2025, U.S. House Republicans unveiled a comprehensive discussion draft of the Digital Asset Market Structure Act, aiming to establish a clear regulatory framework for cryptocurrencies and digital assets.

Key Provisions of the Draft:

1. Regulatory Jurisdiction:

The draft delineates responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Digital assets deemed sufficiently decentralized—where no single entity controls more than 10% of the token supply—would be classified as commodities under CFTC oversight.

Assets that are centralized or function like securities would fall under SEC regulation.

2. Decentralization Criteria:

Projects must disclose if any affiliated party holds more than 1% of the token supply, a reduction from the previous 5% threshold, to promote transparency and reduce the influence of large stakeholders.

3. Investor Access:

The draft removes wealth and income restrictions, allowing broader retail investor participation in digital asset markets by eliminating accredited investor requirements.

4. Secondary Market Transactions:

Secondary sales of digital commodities would not be considered securities transactions unless they confer ownership rights or profit claims in the issuer's business.

5. Stablecoins and Legacy Networks:

Stablecoins are defined separately and are not automatically categorized as securities.

The draft includes provisions to assess the legal status of blockchain networks launched prior to the enactment of the legislation.

Political Context:

The draft has sparked political debate. Representative Maxine Waters, a leading Democrat on the House Financial Services Committee, has expressed concerns about the bill, particularly regarding potential conflicts of interest involving President Trump's crypto holdings. She has indicated plans to block a joint hearing on the bill unless provisions are included to prevent elected officials from profiting from crypto investments.

#USHouseMarketStructureDraft On May 5, 2025, U.S. House Republicans unveiled a comprehensive discussion draft of the Digital Asset Market Structure Act, aiming to establish a clear regulatory framework for cryptocurrencies and digital assets.

Key Provisions of the Draft:

1. Regulatory Jurisdiction:

The draft delineates responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Digital assets deemed sufficiently decentralized—where no single entity controls more than 10% of the token supply—would be classified as commodities under CFTC oversight.

Assets that are centralized or function like securities would fall under SEC regulation.

2. Decentralization Criteria:

Projects must disclose if any affiliated party holds more than 1% of the token supply, a reduction from the previous 5% threshold, to promote transparency and reduce the influence of large stakeholders.

3. Investor Access:

The draft removes wealth and income restrictions, allowing broader retail investor participation in digital asset markets by eliminating accredited investor requirements.

4. Secondary Market Transactions:

Secondary sales of digital commodities would not be considered securities transactions unless they confer ownership rights or profit claims in the issuer's business.

5. Stablecoins and Legacy Networks:

Stablecoins are defined separately and are not automatically categorized as securities.

The draft includes provisions to assess the legal status of blockchain networks launched prior to the enactment of the legislation.

Political Context:

The draft has sparked political debate. Representative Maxine Waters, a leading Democrat on the House Financial Services Committee, has expressed concerns about the bill, particularly regarding potential conflicts of interest involving President Trump's crypto holdings. She has indicated plans to block a joint hearing on the bill unless provisions are included to prevent elected officials from profiting from crypto investments.