美众议院通过FIT21法案
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How will the 2024 elections affect global crypto policy?
The 2024 Indian and US elections are seen as crucial for the future of global cryptocurrency policy. With India becoming a key player in the cryptocurrency market and the United States continuing to dominate, these election results could have a significant impact on the digital asset space. Let's take a deep dive into how the political environment in these two countries could affect the trajectory of cryptocurrency.
1. US Government
1) Trump's New Attitude on Cryptocurrency
Donald Trump's stance on cryptocurrency has taken a big turn. Once a staunch critic, he is now incorporating digital assets into his campaign strategy. His team has begun accepting donations in a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and even the funnily named Dogecoin (DOGE).
This shift is a strategic move to attract the growing crowd that is increasingly involved in cryptocurrency investment. Trump, who tweeted his skepticism about cryptocurrency in 2019, now sees the value of embracing this digital wave and acknowledging the growing political influence of cryptocurrency enthusiasts.
2) Tactical shift in the Biden administration
The Biden administration is also showing signs of a shift in cryptocurrency regulation. The Securities and Exchange Commission (SEC) recently approved a spot Ethereum exchange-traded fund (ETF), suggesting that their stance may be softening. The move appears to be a response to the growing political influence of the crypto community and a strategy to avoid alienating potential voters.
Experts like Haseeb Qureshi of Dragonfly believe that Biden's adjustment is an effort to win votes in a hotly contested election. The government seems to be balancing consumer protection and the growing demand for crypto-friendly policies.
2. India's growing cryptocurrency influence
1) India's current cryptocurrency situation
India is becoming a major player in the cryptocurrency space, with about 93.5 million cryptocurrency holders, accounting for about 6.55% of the population. Despite the rapid adoption of cryptocurrencies, the regulatory environment remains quite strict, such as the 1% source deduction tax levied on transactions.
The government of Prime Minister Narendra Modi is cautious about cryptocurrencies and is more concerned about broader economic and social issues. Compared to pressing issues such as unemployment and religious tensions, cryptocurrencies are still a secondary issue in their view.
2) Political parties' views on cryptocurrencies
In India, neither the ruling Bharatiya Janata Party (BJP) nor the Indian National Congress (INC) has made cryptocurrencies a major component of their policies. The BJP's manifesto mentions digital sovereignty and cybersecurity, but does not explicitly mention cryptocurrencies. Similarly, the Indian National Congress talks about the use of digital ledgers in agricultural transactions, but does not directly mention cryptocurrencies.
3) The future of India's cryptocurrency policy
Regardless of the election results, India's cryptocurrency policy is unlikely to change significantly in the short term. If the Modi government remains in power, the current cautious attitude is expected to continue. A victory by the opposition may bring new perspectives, but even if there is a policy shift, it is unlikely to happen immediately due to the existence of broader issues.
3. The impact of the US election results on cryptocurrency regulation
1) Possible impact of the Trump administration
The Trump administration may introduce a more friendly cryptocurrency regulatory environment to promote innovation and investment. Trump's acceptance of cryptocurrency donations and his forays into digital assets, such as his non-fungible token (NFT) project, indicate his support for the industry.
Experts such as MatterFi's Mihał Popieszalski believe that Trump's approach could appeal to young, tech-savvy voters who are active in the cryptocurrency space. The growing political influence of this group could push for more favorable regulatory policies.
2) Possible impact of the Biden administration
While showing some signs of easing, the Biden administration is likely to maintain a cautious stance, focusing on consumer protection and financial stability. Approval of a spot Ethereum exchange-traded fund (ETF) shows recognition of the legitimacy of cryptocurrencies, but strict regulation is still likely.
Popieszalski noted that the Biden administration is likely to emphasize regulatory clarity to create a more orderly and controlled cryptocurrency market. This approach could appease traditional financial markets while meeting the growing demand for digital assets.
4. Summary
The 2024 elections in India and the United States will undoubtedly play a key role in shaping global cryptocurrency policy. While the political landscape in India suggests a continuation of current restrictive policies, significant changes are likely to occur in the United States depending on the election results. Whether it’s Trump’s pro-crypto stance or Biden’s cautious approach, the future of cryptocurrency regulation will be significantly affected by these political dynamics.
The God of Wealth has created a high-quality circle. If you want to know more about the currency circle and first-hand cutting-edge information, click on the avatar to follow the God of Wealth. Quoli will publish market analysis and high-quality potential currency recommendations every day.
#美国大选比特币价格预测 #美国选举 #美众议院通过FIT21法案 #BTC走势分析 #加密货币成为美国总统大选政治筹码
The 2024 Indian and US elections are seen as crucial for the future of global cryptocurrency policy. With India becoming a key player in the cryptocurrency market and the United States continuing to dominate, these election results could have a significant impact on the digital asset space. Let's take a deep dive into how the political environment in these two countries could affect the trajectory of cryptocurrency.
1. US Government
1) Trump's New Attitude on Cryptocurrency
Donald Trump's stance on cryptocurrency has taken a big turn. Once a staunch critic, he is now incorporating digital assets into his campaign strategy. His team has begun accepting donations in a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and even the funnily named Dogecoin (DOGE).
This shift is a strategic move to attract the growing crowd that is increasingly involved in cryptocurrency investment. Trump, who tweeted his skepticism about cryptocurrency in 2019, now sees the value of embracing this digital wave and acknowledging the growing political influence of cryptocurrency enthusiasts.
2) Tactical shift in the Biden administration
The Biden administration is also showing signs of a shift in cryptocurrency regulation. The Securities and Exchange Commission (SEC) recently approved a spot Ethereum exchange-traded fund (ETF), suggesting that their stance may be softening. The move appears to be a response to the growing political influence of the crypto community and a strategy to avoid alienating potential voters.
Experts like Haseeb Qureshi of Dragonfly believe that Biden's adjustment is an effort to win votes in a hotly contested election. The government seems to be balancing consumer protection and the growing demand for crypto-friendly policies.
2. India's growing cryptocurrency influence
1) India's current cryptocurrency situation
India is becoming a major player in the cryptocurrency space, with about 93.5 million cryptocurrency holders, accounting for about 6.55% of the population. Despite the rapid adoption of cryptocurrencies, the regulatory environment remains quite strict, such as the 1% source deduction tax levied on transactions.
The government of Prime Minister Narendra Modi is cautious about cryptocurrencies and is more concerned about broader economic and social issues. Compared to pressing issues such as unemployment and religious tensions, cryptocurrencies are still a secondary issue in their view.
2) Political parties' views on cryptocurrencies
In India, neither the ruling Bharatiya Janata Party (BJP) nor the Indian National Congress (INC) has made cryptocurrencies a major component of their policies. The BJP's manifesto mentions digital sovereignty and cybersecurity, but does not explicitly mention cryptocurrencies. Similarly, the Indian National Congress talks about the use of digital ledgers in agricultural transactions, but does not directly mention cryptocurrencies.
3) The future of India's cryptocurrency policy
Regardless of the election results, India's cryptocurrency policy is unlikely to change significantly in the short term. If the Modi government remains in power, the current cautious attitude is expected to continue. A victory by the opposition may bring new perspectives, but even if there is a policy shift, it is unlikely to happen immediately due to the existence of broader issues.
3. The impact of the US election results on cryptocurrency regulation
1) Possible impact of the Trump administration
The Trump administration may introduce a more friendly cryptocurrency regulatory environment to promote innovation and investment. Trump's acceptance of cryptocurrency donations and his forays into digital assets, such as his non-fungible token (NFT) project, indicate his support for the industry.
Experts such as MatterFi's Mihał Popieszalski believe that Trump's approach could appeal to young, tech-savvy voters who are active in the cryptocurrency space. The growing political influence of this group could push for more favorable regulatory policies.
2) Possible impact of the Biden administration
While showing some signs of easing, the Biden administration is likely to maintain a cautious stance, focusing on consumer protection and financial stability. Approval of a spot Ethereum exchange-traded fund (ETF) shows recognition of the legitimacy of cryptocurrencies, but strict regulation is still likely.
Popieszalski noted that the Biden administration is likely to emphasize regulatory clarity to create a more orderly and controlled cryptocurrency market. This approach could appease traditional financial markets while meeting the growing demand for digital assets.
4. Summary
The 2024 elections in India and the United States will undoubtedly play a key role in shaping global cryptocurrency policy. While the political landscape in India suggests a continuation of current restrictive policies, significant changes are likely to occur in the United States depending on the election results. Whether it’s Trump’s pro-crypto stance or Biden’s cautious approach, the future of cryptocurrency regulation will be significantly affected by these political dynamics.
The God of Wealth has created a high-quality circle. If you want to know more about the currency circle and first-hand cutting-edge information, click on the avatar to follow the God of Wealth. Quoli will publish market analysis and high-quality potential currency recommendations every day.
#美国大选比特币价格预测 #美国选举 #美众议院通过FIT21法案 #BTC走势分析 #加密货币成为美国总统大选政治筹码
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Recently, every half a month, or even every week, we have to look at the data of the Federal Reserve and the United States. The correlation is getting stronger and stronger. On the way to rise, we don’t know which data is a speed bump and which data is a booster. In the end, as long as it is not a cliff, it will continue to fluctuate upward, right?
From the current general direction, the market may not necessarily fluctuate upward. After all, with the strong correlation with the US stock market and the US economy, it is now racing against time. Who are we racing against? It is racing against the US election. Not only the currency circle is racing, but also the stock market and the financial market are racing.
At present, the US economy is like a blown-up balloon, expanding every day (high interest rates). Although it has not reached its limit yet, it will definitely burst if it continues to expand like this. The only way to prevent this balloon from bursting is to deflate the balloon (lower interest rates), rather than poke it with a needle (black swan).
If the "soft road" approach is still maintained before the US election, then there is still a channel for relief in the US election for the market, but if it is punctured before the election, the US election may be the beginning of "blowing the balloon" again.
If you want to know more about the currency circle and get first-hand cutting-edge information, click on the avatar to follow Caishen, who will publish market analysis and recommend high-quality potential currencies every day.
#美众议院通过FIT21法案 #现货以太坊ETF获美SEC批准 #ETH
From the current general direction, the market may not necessarily fluctuate upward. After all, with the strong correlation with the US stock market and the US economy, it is now racing against time. Who are we racing against? It is racing against the US election. Not only the currency circle is racing, but also the stock market and the financial market are racing.
At present, the US economy is like a blown-up balloon, expanding every day (high interest rates). Although it has not reached its limit yet, it will definitely burst if it continues to expand like this. The only way to prevent this balloon from bursting is to deflate the balloon (lower interest rates), rather than poke it with a needle (black swan).
If the "soft road" approach is still maintained before the US election, then there is still a channel for relief in the US election for the market, but if it is punctured before the election, the US election may be the beginning of "blowing the balloon" again.
If you want to know more about the currency circle and get first-hand cutting-edge information, click on the avatar to follow Caishen, who will publish market analysis and recommend high-quality potential currencies every day.
#美众议院通过FIT21法案 #现货以太坊ETF获美SEC批准 #ETH
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Being passive is the fate of traders.
2024.6.1:
According to The Block, citing sources, the U.S. Securities and Exchange Commission (SEC) requires potential Ethereum spot ETF issuers to submit a revised S-1 form by Friday. After that, the SEC will provide a first round of comments, and the issuer will then make further changes. People familiar with the matter expect that the S-1 form will take at least two rounds of draft submissions before it is ready. Analysts expect that S-1 approval will take several weeks.
Account status: total capital of 550,000 (including dividends), principal of 150,000, and a rate of return of 300%. The total equity of the contract account is 495,000, and the total position is 544,000.
Transaction record:
Currency: REN📈Limit Buy
Price: 0.06987
Amount: $1500.0
Time: 05:14:41
Currency: NOT📉Market Sell
Price: 0.01128
Amount: $2114.7
Time: 00:31:46
Currency: MTL📈Limit Buy
Price: 1.661
Amount: $1499.6
Time: 13:44:19
Risk warning: Leverage is not a devil, it is just a tool to improve the utilization rate of funds. Leverage itself has no risk, the real risk comes from human nature.
#BTC #现货以太坊ETF获美SEC批准 #美众议院通过FIT21法案 #MegadropLista #meme板块关注热点 $BTC $ETH $SOL
2024.6.1:
According to The Block, citing sources, the U.S. Securities and Exchange Commission (SEC) requires potential Ethereum spot ETF issuers to submit a revised S-1 form by Friday. After that, the SEC will provide a first round of comments, and the issuer will then make further changes. People familiar with the matter expect that the S-1 form will take at least two rounds of draft submissions before it is ready. Analysts expect that S-1 approval will take several weeks.
Account status: total capital of 550,000 (including dividends), principal of 150,000, and a rate of return of 300%. The total equity of the contract account is 495,000, and the total position is 544,000.
Transaction record:
Currency: REN📈Limit Buy
Price: 0.06987
Amount: $1500.0
Time: 05:14:41
Currency: NOT📉Market Sell
Price: 0.01128
Amount: $2114.7
Time: 00:31:46
Currency: MTL📈Limit Buy
Price: 1.661
Amount: $1499.6
Time: 13:44:19
Risk warning: Leverage is not a devil, it is just a tool to improve the utilization rate of funds. Leverage itself has no risk, the real risk comes from human nature.
#BTC #现货以太坊ETF获美SEC批准 #美众议院通过FIT21法案 #MegadropLista #meme板块关注热点 $BTC $ETH $SOL
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$BOME $PEPE $SHIB
Urgent Update: Whales Enter the Market, Pepe Remains Strong
Today, we observed that many whales continued to buy and accumulate Pepecoin, causing a sharp rise in prices. On-chain holdings are also increasing rapidly.
Binance data shows that the top 5 addresses have purchased more than $40 billion of PEPE.
The chart shows that further upward trends are likely, supported by positive sentiment and FOMO. The next major support level is around the $0.000013 area.
Data source: Binance Insight Don't miss the good airdrops in the bull market. This year, $SOL has performed very well. Recently,#SOLAIis giving out benefits, super big wool.
How to receive it, open the browser (solan
aai.net) and fill in the sol wallet address to receive an airdrop every day.
There are only a few days left for the event, don't miss the good opportunity.
To get the airdrop, you need to hoard more coins. If you want to get the big money, the early on-chain pre-sale is a good choice. If you have time, use time to exchange for space. If you don’t have time, just pre-sell some coins at the lowest price.
Remember to share with friends to get extra airdrop rewards!
Urgent Update: Whales Enter the Market, Pepe Remains Strong
Today, we observed that many whales continued to buy and accumulate Pepecoin, causing a sharp rise in prices. On-chain holdings are also increasing rapidly.
Binance data shows that the top 5 addresses have purchased more than $40 billion of PEPE.
The chart shows that further upward trends are likely, supported by positive sentiment and FOMO. The next major support level is around the $0.000013 area.
Data source: Binance Insight Don't miss the good airdrops in the bull market. This year, $SOL has performed very well. Recently,#SOLAIis giving out benefits, super big wool.
How to receive it, open the browser (solan
aai.net) and fill in the sol wallet address to receive an airdrop every day.
There are only a few days left for the event, don't miss the good opportunity.
To get the airdrop, you need to hoard more coins. If you want to get the big money, the early on-chain pre-sale is a good choice. If you have time, use time to exchange for space. If you don’t have time, just pre-sell some coins at the lowest price.
Remember to share with friends to get extra airdrop rewards!
