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Trump Administration Expected to Ease Crypto Regulations, Paving the Way for Crypto IPOs

Trump Administration Poised to Relax Cryptocurrency Regulations The election of Donald Trump as U.S. President is expected to usher in significant changes to cryptocurrency regulations, potentially benefiting major players in the crypto space. According to Barron’s , the administration may adopt a crypto-friendly stance , paving the way for initial public offerings (IPOs) by companies such as Circle and Kraken . With the anticipated appointment of crypto advocate Paul Atkins as SEC Chair, industry experts foresee a shift in policies governing stablecoins , crypto assets , and the broader digital currency ecosystem. What Eased Crypto Regulations Could Mean 1. IPO Opportunities for Crypto Firms Companies like Circle and Kraken have long sought IPO opportunities but faced regulatory hurdles under the SEC’s cautious approach. A more lenient regulatory environment could: Facilitate IPO filings. Increase institutional participation in the crypto market. Encourage innovation by reducing compliance barriers. 2. Relaxed Stablecoin Policies Stablecoins like USDC and Tether are integral to the crypto ecosystem, yet they have been under intense scrutiny. The Trump administration’s potential easing of stablecoin regulations could: Encourage innovation in the stablecoin sector. Provide clearer guidelines for issuers. Foster greater adoption in both retail and institutional markets. 3. Favorable SEC Stance on Crypto Under the anticipated leadership of Paul Atkins, the SEC may adopt a less restrictive approach to: Spot ETFs: Expanding beyond Bitcoin to include other cryptocurrencies. Crypto Custody: Simplifying compliance for custodians handling digital assets. Tokenized Securities: Facilitating new methods of raising capital. The Trump Administration’s Track Record on Crypto The Trump administration’s earlier tenure displayed mixed attitudes toward cryptocurrency. While former President Trump was vocal about his skepticism of Bitcoin, his administration oversaw: Increased blockchain initiatives. Proposals for crypto tax clarity. Early frameworks for stablecoin regulations. With Trump’s return to office, analysts expect a stronger focus on crypto innovation, driven by a growing acknowledgment of the industry’s potential economic impact. Industry Reactions and Expert Insights Optimism Among Crypto Advocates Crypto proponents have welcomed the prospect of eased regulations, seeing it as an opportunity to advance adoption and innovation. “This could be the turning point for U.S. crypto dominance.” – Anonymous Blockchain Expert “Easing restrictions on IPOs will bring credibility and funding to crypto companies.” – Market Analyst Caution from Regulators Critics warn that over-relaxation could lead to: Increased risks for investors. A rise in fraudulent projects. Reduced consumer protections. What This Means for the Crypto Market 1. Boost to Market Confidence A crypto-friendly regulatory environment could attract new investors and fuel market optimism. 2. Accelerated Institutional Adoption Relaxed rules may lower barriers for institutional players, encouraging deeper engagement with crypto assets. 3. Global Competitiveness As countries like Hong Kong and the UAE adopt crypto-friendly policies, the U.S. risks falling behind. Regulatory easing under Trump could position the U.S. as a global leader in the crypto space. Challenges Ahead While the Trump administration is expected to ease regulations, challenges remain: Regulatory Balancing Act: Striking a balance between fostering innovation and protecting investors. Public Perception: Addressing concerns over cryptocurrency’s association with fraud and volatility. International Competition: Competing with global hubs already embracing progressive crypto policies. Conclusion: A New Era for U.S. Crypto Policy? The expected relaxation of cryptocurrency regulations under the Trump administration signals a potential turning point for the industry. From enabling IPOs for firms like Circle and Kraken to revising stablecoin policies , these changes could unlock new opportunities for growth and innovation. While optimism is high, industry players must remain vigilant to ensure that progress is balanced with the necessary safeguards. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries. CoinOtag

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Solana Memecoin GIGA Rips 51% After Coinbase Adds Altcoin to Listing Roadmap

A Solana ( SOL )-based memecoin is surging by double digits after Coinbase added the crypto asset to its listing roadmap. Gigachad ( GIGA ), a crypto asset inspired by the photo shoot of Russian bodybuilder Ernest Khalimov, soared 51% as the top US crypto exchange made the announcement . GIGA was trading for $0.0414 Wednesday morning and shot up to a high of $0.0627. GIGA has since retraced and is trading for $0.04856 at time of writing. With a market cap of $467.5 million, GIGA is the 237th largest crypto project. Coinbase uses the listing roadmap for transparency and to prevent insider trading on coins prior to them being listed. Being placed on the listing roadmap means the firm has determined the asset will likely be available for trading in the future. The exchange also announced the roadmap listing of Ethereum ( ETH )-based Turbo ( TURBO ), a GPT-4 inspired memecoin. After the announcement, TURBO shot up from $0.007723 to $0.009075, a more than 17% jump. TURBO has since retraced and is trading for $0.008165 at time of writing. With a market cap of $563.1 million, TURBO is the 202nd largest crypto project. The two memecoins are among several others that Coinbase has recently indicated it will soon support. The exchange announced this week it was adding to its roadmap MOG Coin ( MOG ), a memecoin available on both the Ethereum and Base blockchains, as well as the new Solana-based memecoin Moo Deng ( MOODENG ). MOG is trading for $0.000002317 at time of writing, down 4.6% in the last 24 hours. Meanwhile, MOODENG is trading for $0.0001323, up 12.7% in the last 24 hours. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Solana Memecoin GIGA Rips 51% After Coinbase Adds Altcoin to Listing Roadmap appeared first on The Daily Hodl . CoinOtag