Trump’s Team in Talks With Crypto Leaders About Regulatory Adjustments: Report
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President-elect Donald Trump’s team is reportedly in discussions with cryptocurrency leaders about regulatory changes that could reshape the U.S. approach to digital assets.
According to sources, Trump plans to adopt a more lenient regulatory stance to fulfill his campaign promise of making the U.S. the “crypto capital of the planet.”
Crypto-Friendly Appointments
The Washington Post recently reported that Trump’s transition team is considering various crypto-friendly candidates for key financial regulatory positions such as the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Federal Deposit Insurance Corporation (FDIC).
The names reportedly under consideration for these bodies include Daniel Gallagher, a former SEC official now at Robinhood; Hester Peirce and Mark Uyeda, current Republican agency commissioners; and Paul Atkins, a former commissioner.
Trump’s team has also reportedly engaged with crypto firms to establish a new presidential council on digital currencies. These appointments are crucial, as the leaders of various agencies under Trump will have the authority to decide whether cryptocurrency will become a more integrated and formalized element of the financial system.
Following Trump’s victory, a16z projected a regulatory environment more conducive to the cryptocurrency industry. The venture capital firm believes this shift could turn most crypto tokens into “legitimate and lawful” financial tools.
Meanwhile, some Democrat lawmakers warn that loosening regulations could increase risks of fraud, manipulation, and instability, citing the 2022 FTX collapse as a cautionary example.
Hahahahahahaha that's what you think, they don't understand that the new generations of cryptocurrencies are very fluctuating for whales and the whales being intact try the boost that all meme coins need when buying in volume in the short term (lots of money flow) #GridTrading #square $VIC $VIDT $XRP
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ceyptosamran
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Bearish
$VIC where it will go in a possible drop 0.25-0.26 Damn you coin. Don't have hope for a coin of Vietnamese origin
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And why decentralize the economy and sell BTC when it is in a good moment and could rise more to give power to the meme coins since it would be useless to put it on the market if they will not have a future and for any investor it is an excellent option to generate large income by buying in volume
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simple simon the profiler
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Bullish
👀👀👀BIDEN ADMINISTRATION'S BITCOIN PLANS TO SELL OFF ALL BITCOIN TO THWART TRUMP'S PLAN 😳😳😳😳
The rumored sale of 213,000 Bitcoins by the Biden administration has sparked a heated debate, with former President Donald Trump cautioning against such a move . Trump has expressed his support for the crypto industry, vowing to protect the rights of Americans to self-custody digital assets . On the other hand, President Biden is reportedly seeking to regulate the American Bitcoin mining industry, citing China as an example .
The potential sale of Bitcoins has significant implications for global markets. Experts suggest that a sale of this magnitude could impact Bitcoin's value and potentially destabilize the cryptocurrency market . The move is also seen as a political confrontation between the Biden administration and Trump, who has pledged to never sell the U.S. government's Bitcoin holdings .
Key Points to Consider:
- _Regulatory Environment:_ The Biden administration's stance on cryptocurrency regulation could influence the market's response to the potential sale . - _Market Volatility:_ The sale of 213,000 Bitcoins could contribute to market fluctuations, affecting investors and traders . - _Political Implications:_ The confrontation between Biden and Trump on cryptocurrency policy may have broader implications for the 2024 presidential election .
Keep in mind that the situation is developing, and it's essential to stay informed about the latest updates and market analysis.
$OM $XRP $USDC meme coins on grid spot futures and perpetuals copytrade long
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Crypto Savvy Squad
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#TrumpNominatesMuskDOGE
Donald Trump recently proposed a plan to nominate Elon Musk to lead a new federal agency called the "Department of Government Efficiency," or "DOGE," if Trump is re-elected in 2024. This agency would aim to streamline federal operations by cutting back on what Musk and Trump view as wasteful spending and unnecessary government bureaucracy. The idea aligns with Musk's outspoken criticism of government inefficiency and waste, particularly regarding federal spending and regulation.
Trump envisions this new agency conducting a thorough financial and performance audit of all federal departments, identifying areas where spending could be reduced or operations made more efficient. Musk, with his background in tech and business, is being tapped as the ideal leader for this initiative, with Trump believing that Musk's private-sector approach could overhaul federal practices. Musk has even expressed interest in the concept on his social platform X (formerly Twitter), posting hints of his willingness to help reform government operations.
However, the proposal has sparked both interest and concern. Critics argue that Musk's management style, demonstrated in his drastic cost-cutting measures at companies like X, could lead to extensive job cuts and the dismantling of vital public services if applied on a governmental scale. Moreover, Musk's companies, such as Tesla and SpaceX, have faced challenges involving regulatory scrutiny, which raises questions about potential conflicts of interest if Musk were placed in charge of federal agency oversight.
This initiative, while ambitious, reflects Trump's broader agenda to reduce government spending and reduce federal influence, a plan that could have significant economic and social impacts if implemented as intended.
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#BecomeCreator $USDC on Spot and who mentioned in the morning that TRX has no future Why join if all the posts are mine as it is here
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tradingfuturo
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Bullish
$BTC
Hello comrades, should I close or not? What do you specialists say? Although it does not go beyond 62,340, it is in a very complicated resistance, but watch out, I have faith and if my calculations are correct, we will go to 64,300 following the one-day chart.#BinanceTournament" #BinanceTurns7 #IntroToCopytrading
🔶 October is shaping up to be an exhilarating month for cryptocurrency enthusiasts, especially those keen on securing free tokens through airdrops. Airdrops have become a popular way for projects to distribute tokens while engaging with their communities. With numerous projects launching this month, we’ve compiled a list of the top 10 Telegram airdrops you won’t want to miss. Let’s dive in! 1. CryptoFuture (CFT) CryptoFuture is making waves with its innovative platform that promises to revolutionize decentralized finance. Their airdrop is designed to reward early supporters. Join their Telegram group, complete a few simple tasks, and you could snag some CFT tokens to kickstart your journey in DeFi. 🔶How to Participate: - Join the Telegram group. - Complete tasks outlined in the pinned message. 2. GreenToken (GT) Sustainability meets cryptocurrency with GreenToken. This project focuses on eco-friendly initiatives and aims to incentivize green practices. Their October airdrop will distribute GT tokens to participants who help promote their mission. 🔶How to Participate: - Follow them on social media. - Share their posts and tag friends. 3. AirdropX (AX) AirdropX is all about simplifying access to airdrops. Their upcoming airdrop aims to reward users who engage with their platform. This is a fantastic opportunity for anyone looking to expand their crypto portfolio. 🔶How to Participate: - Join their Telegram. - Refer friends to earn additional AX tokens. 4. MetaSports (MSP) The gaming industry is booming, and MetaSports is at the forefront of this revolution. Their airdrop focuses on community engagement and gaming enthusiasts. Participants can earn MSP tokens by completing in-game challenges and promoting the project. How to Participate: - Join the Telegram group. - Play games and share your achievements. 5. DeFi Galaxy (DFG) DeFi Galaxy is a cutting-edge project aiming to provide users with access to various DeFi protocols through a single platform. Their October airdrop promises generous rewards for community members who spread the word about their unique services. How to Participate: - Join their Telegram channel. - Share your thoughts and invite friends. 6. ArtChain (ARTC) ArtChain is merging art and blockchain technology, providing a platform for artists to tokenize their work. Their airdrop is aimed at artists and art enthusiasts alike. By joining their Telegram, you can participate in their creative revolution. 🔶 How to Participate: - Join the Telegram community. - Showcase your art or favorite artists. 7. HealthCoin (HLC) HealthCoin is focused on promoting wellness through blockchain technology. Their October airdrop encourages participants to share health tips and wellness content in exchange for HLC tokens. This initiative not only rewards you but also contributes to a healthier community. 🔶How to Participate: - Join their Telegram group. - Share health-related tips and content. 8. TravelToken (TTC) TravelToken is set to change the way we experience travel. Their airdrop will reward participants who engage with their platform, share travel stories, and promote sustainable travel options. It’s a perfect chance for travel enthusiasts to gain free tokens! 🔶How to Participate: - Join the Telegram community. - Share your travel experiences. 9. EduCoin (EDU) EduCoin is revolutionizing online education by providing affordable courses and certifications through blockchain technology. Their airdrop in October is geared towards students and educators looking to enhance their learning experience. Participating can earn you EDU tokens while promoting education. 🔶 How to Participate: - Join their Telegram channel. - Engage with educational content and share with peers. 10. TechToken (TKT) TechToken is at the forefront of technology innovation, focusing on blockchain solutions for businesses. Their upcoming airdrop aims to create awareness around their services while rewarding early adopters. This is a must-watch for tech enthusiasts! How to Participate: - Join the Telegram group. - Participate in discussions and share insights. 🔶Final Thoughts October offers a plethora of airdrop opportunities for crypto enthusiasts to explore. By participating in these Telegram airdrops, you not only stand a chance to earn free tokens but also become an integral part of exciting new projects. Always ensure you follow the official channels and complete the necessary tasks to qualify for these airdrops. Don’t miss out on these incredible opportunities—join the communities, engage actively, and watch your crypto portfolio grow! Happy airdropping! 🚀#moonbix #HBODocumentarySatoshiRevealed #BinanceLaunchpoolSCR
To maintain GLOBAL financial stability is not to disturb the big WHALES AND give priority to new developments for a POWERFUL growth in the economy and greater stability both financial and business and adopting for daily use would be magnificent because it would revolutionize a new technological era and infrastructure and for certain disasters (it is a financial option without harming the economy)