metafisical wrote:The SEC's last anti-crypto commissioner, Caroline Crenshaw, will not have her term renewed. The SEC will now have individuals who are either pro-crypto or neutral to it. There are two vacancies in the SEC. Trump can nominate more pro-crypto people to fill those vacancies (Senate Banking Committee votes to appoint or not) or choose to leave them vacant.
As a crypto holder, this was the news I was waiting for. I am hoping for clear crypto rules so that US financial institutions can start adopting crypto more freely.
BTW, if you are looking for cryptocurrencies that have growth potential but also utility, look to XRP and HBar.
XRP is everything wrong with crypto in my opinion. 100% pre-mine by Ripple Labs with a design goal of dumping on retail investors. They have printed 100 billion XRP and have been using as a funding source for years. There is 5,000x more XRP than BTC which caps the upside potential.
Unfortunately, their business model is worse than just dumping on retail. They are collaborating with governments to help build a digital prison and enslave people with CBDCs. They also spend heavily on marketing so most of the influencers hyping XRP are on the payroll.
There is also some fishy stuff like the ledger missing 32,000 blocks which are all early transactions. I'm not saying it can't continue to pump but be careful. The Ripple Labs team is going to keep dumping on retail and eventually the bubble will pop.