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Cryptocurrencies appear to be standing on a dangerous precipice amid a combination of legal battles, regulatory decisions and a potential shift in sentiment. As we approach the end of May, the coming weeks bring a series of critically important events.
A Big Week for Binance and Ethereum ETFs
A Nigerian court has denied bail to Binance executive Tigran Gambaryan, who faces charges of tax evasion and money laundering, leaving crypto enthusiasts in Africa facing a worrying situation. The continuation of this legal battle is important because it could damage Binance's operations on the continent and lead to a retreat or a long battle for legitimacy.
The US Securities and Exchange Commission (SEC) will rule on the first spot Ether ETF application by May 23. However, this decision is full of uncertainties. A recent SEC filing points to Ethereum (ETH) potentially being classified as a security, which could complicate the approval process. While some experts, such as BlackRock's CEO Larry Fink, believe spot ETH ETFs could still be approved, ETH's classification as a security remains unclear. This classification may also have an impact on market fluctuations and other altcoins that may affect Ethereum.
What Does the FIT21 Law Mean for Cryptocurrencies?
As the House of Representatives prepares to vote on the Financial Innovation and Technology for the 21st Century Act (FIT21), the crypto industry is waiting. Nearly 60 crypto companies have called on lawmakers to support the bill's passage. If passed, this legislation would create the necessary regulatory framework for digital assets, offer important consumer protections, and designate the CFTC as the primary regulator.
But this bill faces an uphill battle. Despite bipartisan support in the Senate, President Biden's stance is uncertain due to the potential influence of influential figures such as Senator Elizabeth Warren and SEC Chairman Gary Gensler. The veto threat looms large and the bill's fate remains uncertain.
These upcoming events represent a turning point in the crypto market's relationship with the traditional financial system. A positive outcome in Nigeria, ETF approval and passage of the FIT21 bill, could mark a period of increased adoption and institutional investment. But any negative outcome could lead to a new wave of skepticism and market volatility.
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Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can get it done in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.
