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Both Biden and Trump are actively engaging with the crypto community. Hereâs the breakdown: Trumpâs $BTC Conference Appearance: Former President Donald Trump made headlines by announcing his appearance at a $BTC conference. His presence in the crypto space has sparked discussions and curiosity. Bidenâs Team and Enthusiasts: Meanwhile, President Joe Bidenâs team is reaching out to crypto enthusiasts. Theyâre exploring ways to align with the Web3 movement and understand the potential impact of blockchain technology. Hit that like button and follow for more :) #TrumpCryptoSupport #BinanceTurns7 #Bitcoinâ #NewsAboutCrypto
đąBreaking News: SEC Clears Paxos: BUSD Not Deemed a Security
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Paxos, the issuer of the stablecoin Binance USD (BUSD), without recommending any enforcement action.
This decision follows a recent court ruling that dismissed a key securities charge against Binance. Essentially, the SEC has determined that BUSD does not qualify as a security.
This development could significantly impact future regulatory approaches to similar crypto assets in the U.S.
âFed Chair Powell Cautious on Rate Cuts Amid Inflation Concernsâ
Certainly! Federal Reserve Chair Jerome Powell recently reiterated that the central bank wonât cut interest rates until they have âgained greater confidence that inflation is moving sustainably towardâ their 2% goal1.
Despite last weekâs disappointing jobs report, Powell emphasized that the labor market remains strong, even though the unemployment rate edged up to 4.1% in June.
He acknowledged that recent inflation readings have shown some modest progress, but the data did not fully support greater confidence in achieving the 2% target.
Essentially, the Fed is cautious about adjusting rates too soon, as it could stall progress on inflation, but waiting too long could weaken economic activity and employment.
Pepe (PEPE): Meme Magic vs. $1 DreamâRibbiting Insights on the Froggy Journeyâ đžđ
Pepe (PEPE) Overview
$PEPE , inspired by the iconic âPepe the Frogâ meme, is a deflationary meme coin built on $ETH Ethereumâs ERC-20 standard. Its simplicity, transparency, and strong community set it apart. The projectâs phases include Meme, Vibe and HODL, and Meme Takeover.
Price Predictions
Hereâs a glimpse into the future, based on various forecasts:
2024: Average price of $0.0000126
2025: A whopping 13,709.52% increase to $0.00174
2030: Projected at $0.000065 (bullish prediction)
Can $PEPE Reach $1? While Pepeâs recent ATH was 0.00001718, hitting $1 seems unlikely. Why? The circulating supply stands at 420.67 trillion tokens. To reach $1, the market cap would exceed $420 trillionâmore than the entire worldâs GDP! So, while Pepeâs meme magic is strong, $1 might be a leap too far.