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The vice chairman of the Federal Deposit Insurance Corporation says the regulator needs a “new direction” – and that he expects it to begin later this month. In a new speech , Vice Chairman Travis Hill acknowledges that the FDIC sent “pause” letters to over 20 banks, asking them to stop doing business with crypto firms – a revelation unearthed from a Freedom of Information Act (FOIA) request submitted by digital asset exchange Coinbase. According to Coinbase Chief Legal Officer Paul Grewal, the unredacted documents showed a “coordinated effort” to shut down crypto activity in the US. Says Hill, “I continue to think a much better approach would have been – and remains – for the agencies to clearly and transparently describe for the public what activities are legally permissible and how to conduct them in accordance with safety and soundness standards. And if regulatory approvals are needed, those must be acted upon in a timely way, which has not been the case in recent years.” Hill also criticized the regulator’s US banking industry’s agenda of “debanking,” or the deliberate shutting down or freezing of bank accounts of crypto firms. Several high-profile personalities in the crypto space claimed to be victims of the practice. Hill says the right to one’s bank account should be foundational to the modern economy. “Closely related to the agencies’ recent approach to digital assets is the problem of ‘debanking.’ Over the past few years, there have been various accounts of individuals and businesses associated with the crypto industry losing access to bank accounts without explanation. This follows a long history of other types of customers experiencing the problem of debanking, including the politically disfavored business groups targeted by the original ‘Operation Choke Point,’ individuals associated with certain religious or political groups, and many others.” 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. Featured Image: Shutterstock/Warm_Tail The post FDIC Vice Chairman Calls for Clear and Transparent Crypto Regulation Following Trump Inauguration appeared first on The Daily Hodl .
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Famous ETF Expert Made 10 Predictions for the Cryptocurrency Market in 2025 – “XRP, Solana…”
Nate Geraci, president of The ETF Store, has made bold predictions about cryptocurrency ETFs, predicting transformative change under the new Trump administration. Geraci predicts 2025 as the “Year of Crypto ETFs,” citing a more crypto-friendly regulatory environment and significant changes in leadership at the U.S. Securities and Exchange Commission (SEC). Geraci believes the Trump administration will take a markedly different stance on digital assets than its predecessor. He notes that crypto advocate Paul Atkins is expected to be appointed as SEC Chairman, and a new “chief crypto officer” role has been created to be filled by Silicon Valley veteran David Sacks. A crypto advisory council made up of industry executives, led by Sacks, will reportedly help shape the administration’s digital asset policies. Related News: Adopting Bitcoin Provided El Salvador with an Unanticipated Benefit - Official Data Revealed In this context, Geraci made ten important predictions for the cryptocurrency ETF market: Bitcoin Spot ETFs to Surpass Gold ETFs: Geraci predicts that spot Bitcoin ETFs will surpass physical gold ETFs in terms of asset size, driven by increasing institutional and retail interest in Bitcoin. Spot Ethereum ETF Options Trading: Approval for Ethereum ETF options trading is on the horizon, signaling greater flexibility for investors. In-Kind Creation/Redemption for Bitcoin and Ethereum ETFs: Regulatory changes could allow for in-kind creation and redemption, streamlining the ETF market. Ethereum Staking ETFs: Spot Ethereum ETFs with staking features are expected to emerge, adding a new dimension to crypto ETFs. Launch of Innovative ETFs: Bitwise is expected to launch the Bitcoin Standard Corporations ETF, which focuses on companies that have adopted the “Bitcoin standard” with assets exceeding $1 billion. Proliferation of Crypto ETFs: Geraci predicts that at least 50 more crypto-related ETFs will emerge, ranging from options-based products to Bitcoin bond ETFs. Spot Solana ETFs: Solana spot ETFs are awaiting approval. Spot XRP ETFs: Spot XRP ETFs are also expected to receive regulatory approval. Crypto Index ETFs: Bitwise and Grayscale likely to receive approval for crypto index ETFs. Vanguard`s Entry Into Crypto ETFs: Vanguard, known for its conservative approach, may finally allow brokerage access to spot Bitcoin and Ethereum ETFs. Much of this progress, Geraci noted, will depend on regulatory clarity, particularly around whether digital assets are classified as securities or commodities. This clarity is expected to determine the jurisdiction of the SEC and the Commodity Futures Trading Commission (CFTC). *This is not investment advice. Continue Reading: Famous ETF Expert Made 10 Predictions for the Cryptocurrency Market in 2025 – “XRP, Solana…” The Daily Hodl
Cardano (ADA) Price Prediction For January 13
The post Cardano (ADA) Price Prediction For January 13 appeared first on Coinpedia Fintech News The overall cryptocurrency market seems confusing due to the significant price fluctuations in the past few days. Amid this market uncertainty, crypto whales appear to be accumulating Cardano (ADA) tokens, as reported by a prominent crypto expert on X (formerly Twitter). Whales Buy 90 Million ADA Token In a post on X, an expert noted that whales have purchased a significant 90 million ADA tokens in the past 96 hours, which equates to the last four days. This substantial accumulation indicates an ideal buying opportunity and potential for an upside rally. Whales have bought over 90 million #Cardano $ADA in the last 96 hours! pic.twitter.com/MkP8PFUmzE — Ali (@ali_charts) January 12, 2025 However, the ADA price appears to be struggling and facing a decline after yesterday’s impressive gain of over 7%. Current Price Momentum Currently, ADA is trading near $0.968 and has experienced a price decline of over 2.85% in the past 24 hours. However, during the same period, due to the recent breakout of the bullish price action pattern, investors and traders have shown strong participation in the token, resulting in a 27.5% increase in trading volume. Cardano (ADA) Price Action and Upcoming Levels With the recent price decline, the ADA price has reached the breakout level, and it appears that the price has come to this level for a retest, aiming for further upside momentum. As long as the altcoin maintains itself above the 200 Exponential Moving Average (EMA) on the four-hour time frame and the $0.955 level, ADA remains bullish. Source: Trading View ADA Price Prediction Based on the recent price action, there is a strong possibility that ADA could soar by 17.5% to reach the next resistance level of $1.135 in the coming days. On the positive side, ADA’s Relative Strength Index (RSI) is neither in the overbought area nor oversold, indicating that the asset has enough room for significant upside momentum. This bullish price action pattern and recent whale activity indicate potential upside momentum and an ideal buying opportunity. The Daily Hodl
