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👉👉👉 Could Trump’s win nix #SEC crypto suits? Critics say he’s ‘pandering’ for votes A crypto lawyer believes a #donaldtrump election win could lead to the dismissal of several SEC crypto lawsuits, although there are doubts due to his history of unfulfilled campaign promises. James Murphy, known as "MetaLawMan," advised against settling any crypto cases with the current SEC until after the election, anticipating a significantly different SEC if Trump wins, given his recent crypto-friendly stance. Over the past month, Trump has portrayed himself as the crypto industry’s ally, expressing his support for crypto, emphasizing the need for the U.S. to lead in the field, and promising to commute Silk Road founder Ross Ulbricht’s life sentence if elected. However, some remain skeptical. Adam Cochran of Cinneamhain Ventures noted Trump’s long history of reneging on promises, suggesting he, like Biden, is merely pandering for votes. Alexander Blume from Two Prime hedge fund echoed this sentiment, highlighting Trump's tendency to make and break promises for personal gain. According to PolitiFact, Trump broke more than half of the 102 promises he made during his 2016 presidential campaign, compromised on 23, and kept 24. Trump has previously made anti-crypto statements, declaring he was "not a fan of #bitcoin and other #cryptocurrencies " and calling them "based on thin air." In 2021, he labeled crypto as potentially "fake" and "a disaster waiting to happen." Despite these remarks, crypto lawyer Gabriel Shapiro argued that Trump's past comments are minor compared to what he describes as the Biden administration's intense scrutiny of the crypto sector. Mike Dudas, founder of The Block and now a venture capitalist, acknowledged that despite his strong dislike for Trump, Trump's promises could help him support his family and business. Currently, Trump holds a slight one-point lead over President Joe Biden in Morning Consult’s 2024 presidential election polling. The U.S. presidential election is scheduled for November 5. Source - cointelegraph.com #CryptoNewsđŸ”’đŸ“°đŸš«

👉👉👉 Could Trump’s win nix #SEC crypto suits? Critics say he’s ‘pandering’ for votes

A crypto lawyer believes a #donaldtrump election win could lead to the dismissal of several SEC crypto lawsuits, although there are doubts due to his history of unfulfilled campaign promises.

James Murphy, known as "MetaLawMan," advised against settling any crypto cases with the current SEC until after the election, anticipating a significantly different SEC if Trump wins, given his recent crypto-friendly stance. Over the past month, Trump has portrayed himself as the crypto industry’s ally, expressing his support for crypto, emphasizing the need for the U.S. to lead in the field, and promising to commute Silk Road founder Ross Ulbricht’s life sentence if elected.

However, some remain skeptical. Adam Cochran of Cinneamhain Ventures noted Trump’s long history of reneging on promises, suggesting he, like Biden, is merely pandering for votes. Alexander Blume from Two Prime hedge fund echoed this sentiment, highlighting Trump's tendency to make and break promises for personal gain. According to PolitiFact, Trump broke more than half of the 102 promises he made during his 2016 presidential campaign, compromised on 23, and kept 24.

Trump has previously made anti-crypto statements, declaring he was "not a fan of #bitcoin and other #cryptocurrencies " and calling them "based on thin air." In 2021, he labeled crypto as potentially "fake" and "a disaster waiting to happen." Despite these remarks, crypto lawyer Gabriel Shapiro argued that Trump's past comments are minor compared to what he describes as the Biden administration's intense scrutiny of the crypto sector.


Mike Dudas, founder of The Block and now a venture capitalist, acknowledged that despite his strong dislike for Trump, Trump's promises could help him support his family and business.

Currently, Trump holds a slight one-point lead over President Joe Biden in Morning Consult’s 2024 presidential election polling. The U.S. presidential election is scheduled for November 5.


Source - cointelegraph.com

#CryptoNewsđŸ”’đŸ“°đŸš«

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đŸ’„đŸ’„đŸ’„ #Layer2 #zkSync Token #Airdrop‬ May Be Launched Tomorrow Key Points: - zkSync announced a pre-game event starting tomorrow, sparking rumors of a token airdrop. - The zkSync token airdrop, expected this month, faces a ticker controversy with Polyhedra Network. - zkSync released the v24 upgrade, improving security and functionality for its Ethereum Layer 2 solution. Anticipated zkSync Token Airdrop - The #Ethereum Layer 2 network, zkSync, has unveiled a pre-game event beginning tomorrow, fueling speculation about a forthcoming token airdrop. Announced on platform X, zkSync encouraged users to enable notifications and follow the community account ZK Nation, dedicated to the protocol’s development and protection. Although specific details about the event are yet to be disclosed, the community is eagerly awaiting more information. Airdrop Expectations and Ticker Controversy - The community is buzzing with anticipation for the zkSync token airdrop, expected to be officially announced this month, with a total supply of 21 billion tokens. However, the choice of ticker symbol for the token has stirred some controversy. zkSync plans to use the ticker ‘ZK,’ which has already been claimed by Polyhedra Network. Despite this, zkSync may still proceed with the ZK ticker, noting that Binance has yet to list Polyhedra’s token. - Prominent figures in the ZK proof ecosystem, including Shafi Goldwasser, Silvio Micali, Sandeep Nailwal, Brendan Farmer, and Eli Ben-Sasson, have collectively criticized zkSync’s attempt to use the ZK ticker. After extensive discussions, Matter Labs, the company behind zkSync, has decided to withdraw all trademark applications for the term ‘ZK.’ v24 Upgrade Enhancements - In addition to the upcoming event, zkSync recently completed the v24 upgrade of its zkSync Era software on the mainnet. This latest release introduces several enhancements aimed at boosting security and functionality for the Ethereum Layer 2 scaling solution. Source - coincu.com #BinanceSquareTalks
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đŸ”„đŸ”„đŸ”„ #cardano prepares for Voltaire era with Node 9.0 launch Cardano's founder, Charles Hoskinson, has announced that the release of Cardano Node 9.0 is anticipated for June, setting the stage for the Chang hard fork and ushering in the Voltaire Age. In a recent post on X, Hoskinson stated, "It looks like June will be the month that Cardano Node will reach 9.0. This means that Cardano is Chang fork ready and waiting for 70 percent of the SPOs to install the new node. Then, a hard fork can occur pushing Cardano into the Age of Voltaire." The Chang hard fork represents a major milestone for Cardano, transitioning the blockchain into a new era of decentralized governance. Hoskinson expressed his vision for Cardano's future: "Cardano will be a decentralized civilization spanning the entire world with millions of residents. We’ll have the most advanced #Blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us." The Voltaire Age will introduce a governance system that empowers the community to engage in decision-making processes. Initially, governance features will be implemented as per CIP 1694, laying the groundwork for #Decentralized voting. The subsequent phase will enhance these features, allowing for proxy participation and treasury withdrawals, thus enabling the community to propose and fund projects within the Cardano ecosystem. Ahead of the Chang hard fork, Cardano released node version 8.9.2, addressing a critical issue in the peer-sharing networking feature, thereby bolstering the platform’s peer-to-peer networking capabilities. Cardano's native token, ADA, stands to gain from this significant upgrade. At the time of writing, ADA is trading at $0.441 and ranks among the top ten crypto assets by market capitalization, according to CoinGecko’s data. Source - cryptobriefing.com #CryptoTrends2024 #BinanceSquareTalks
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👉👉👉 Impact of shifting SEC policy on $ETH ‘yet to be seen’ — Consensys SC Bill Hughes, senior counsel at Consensys, discussed the firm's lawsuit against the SEC and the potential impact of political changes on crypto regulations at the Consensus 2024 conference. Hughes highlighted uncertainties around how the evolving political landscape might influence Consensys' case against the SEC over Ether (ETH). Recent legislative progress, spot Ether ETF approvals, and digital assets becoming key issues for presidential candidates mark significant developments. He viewed the approval of spot Ether #ETFs as a positive step, though its impact on SEC investigations remains unclear. In April, Consensys sued the SEC, alleging plans to regulate ETH as a security following a Wells notice about #Metamask Swaps and Staking products. The lawsuit came before the SEC's approval of filings to list and trade spot Ether ETFs, suggesting ETH's recognition as a commodity. Hughes questioned how political changes might affect SEC decisions, expressing doubts about major regulatory shifts. He suggested the approval of spot Ether ETFs might be the only favorable action from the SEC for crypto. The U.S. Senate is set to consider the Financial Innovation and Technology for the 21st Century Act (FIT21), aiming to clarify the SEC's role over digital assets and provide the Commodity Futures Trading Commission (#CFTC ) a framework for regulating tokens as commodities. Hughes speculated on internal SEC politics driving policy decisions, with external pressures potentially influencing outcomes. Chair Gensler indicated that the SEC would take time to approve S-1 registration statements for spot Ether ETFs, with ETF analyst Eric Balchunas predicting a July 4 launch. In summary, political and regulatory changes continue to influence Consensys' lawsuit against the SEC and the broader crypto regulatory environment. Source - cointelegraph.com #CryptoTrends2024
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đŸ”„đŸ”„đŸ”„ Is #Ethereum (ETH) Going to Lose $4,000? #Solana⁩ at $170: Was It Fakeout? $XRP Remains Stable Ethereum appears to be facing challenges near the $4,000 mark, showing a lack of momentum to surpass or even reach this level. Currently, Ethereum is trading within a tightening range, typically indicative of consolidation preceding a potential breakout. Key levels to monitor are approximately $3,900 as resistance and $3,626 as support. The $3,626 support level has been tested repeatedly, with bullish momentum requiring a decisive breakthrough of the $3,900 resistance. Low trading volumes suggest limited buying pressure. Ethereum's RSI at 65.88 reflects a neutral stance. A breach of $3,626 could lead to a drop towards the 50-day moving average at $3,298, while surpassing $3,900 might drive Ethereum towards $4,000 and beyond. Solana Nears $170 Solana is approaching the $170 threshold, potentially aiming to surpass it soon. Currently, Solana is trading within a narrow range, with $165.84 serving as immediate support after retracting from $170. Key support levels to monitor are $156.52 and $151.66, historically significant for providing support. If Solana maintains support above $165.84, it might attempt another push towards $170. However, breaking below $156.52 could indicate a bearish trend, possibly leading to a decline towards $150 or lower. XRP Exhibits Stability XRP has demonstrated remarkable stability lately, consistently hovering around $0.52. Currently in a consolidation phase, XRP maintains the $0.50 support level, while resistance levels stand at approximately $0.55 and $0.57. The moving averages offer additional insights, with the 50-day acting as support and the 200-day and 100-day serving as resistance levels. Consistent trading volumes indicate sustained interest, while the RSI at 51.89 suggests a relatively stable market. A break above the $0.55 resistance level could propel XRP towards $0.57 and higher, while a drop below $0.50 may indicate a bearish trend. Source - u.toda #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency
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đŸ’„đŸ’„đŸ’„ #CryptoMarket tumble seen as quick shakeout, traders expect 'bullish' rebound Bitcoin ($BTC ), Ether ($ETH ), and the wider altcoin market faced a downturn post the release of robust U.S. employment data on June 7. This unexpected turn was viewed by traders as a temporary "shakeout" before resuming the upward trend. Pseudonymous crypto trader il Capo of Crypto noted on June 7 a "strong sell-off into support," especially impacting altcoins, interpreting it as a market shakeout, where simultaneous selling occurs due to uncertainty. The U.S. Employment Situation Summary Report revealed higher-than-expected job growth, contrary to analysts' predictions, potentially affecting decisions on inflation and Bitcoin's trajectory. Markus Thielen, head of research at 10x Research, speculated that a weaker report could prompt rate cuts, while attention turns to the upcoming CPI inflation report. Despite the unexpected data, Thielen suggested the employment report didn't directly trigger the crypto market drop, describing the data as "mixed," with an increase in part-time workers. Traders are monitoring key support levels, with il Capo of Crypto suggesting a bullish continuation if these levels hold. Bitcoin dipped 1.99%, Ether 3.22%, and altcoins suffered more significant losses, like Pepe ($PEPE ) dropping 10.54%. Other traders saw the downturn as a buying opportunity, expressing optimism about the market's long-term prospects. They view the recent dip as a precursor to a real bullish phase, indicating readiness to buy the dips for a potential quick turnaround trade. Despite the market's reaction to the employment data, many traders anticipate a bullish continuation once the current shakeout stabilizes. Source - cointelegraph.com
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