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Trump's Crypto Dinners Could Rally Altcoins

Published 2 weeks ago3 minute read
Trump's Crypto Dinners Could Rally Altcoins

Recent events in the U.S., including political maneuvers and significant regulatory proposals, may trigger a surge in altcoins. Crypto insiders are closely monitoring President Trump's crypto-related activities and the new Digital Asset Market Structure Discussion Draft from House Republicans.

Trump’s Crypto Involvement: Trump's headline-grabbing crypto dinners, such as the $1.5M per plate ‘Crypto & AI Innovators Dinner’ and a gala for $TRUMP meme coin holders, have sparked ethical concerns. Lawmakers like Senator Elizabeth Warren and Rep. Adam Schiff have criticized Trump for potentially selling political access, especially given the involvement of Eric Trump's stablecoin USD1 and its significant investment from Abu Dhabi’s MGX Group. Accountable.US has labeled the $TRUMP gala as ‘nakedly corrupt,’ raising concerns about anonymous foreign holders and the concentration of token ownership among Trump affiliates. Despite these controversies, the $TRUMP meme coin's value increased after the dinner's announcement.

Crypto Regulation Reimagined: The Digital Asset Market Structure Discussion Draft introduced by House Republicans aims to democratize the market by reducing the influence of larger firms. Key provisions include defining an ‘affiliated person’ as owning over 1% of a project's digital commodity and exempting self-directed DeFi trading protocols from certain registrations. The SEC would be the primary regulator initially. While Republicans argue the bill will promote innovation and dollar dominance, it faces potential opposition, with Ranking Member Maxine Waters reportedly planning to block a discussion event. Regulation and clarity could help altcoins benefit from increased market interest.

Altcoins to Watch:

1. SUBBD – Utility in the Creator Economy: SUBBD ($SUBBD) is a Web3 creator platform integrating AI tools, designed with decentralization in mind. It aims to address platform fees, lack of ownership, and inefficient tools by offering a user-centric platform powered by the $SUBBD token. Currently selling for $0.055325 and having raised over $333K, SUBBD is gaining traction, offering a 20% staking reward.

2. BTC Bull Token – Tapping into Bitcoin’s Momentum: BTC Bull Token ($BTCBULL) allows investors to gain exposure to Bitcoin's momentum and earn passive income without buying $BTC. $BTCBULL holders using Best Wallet can receive $BTC airdrops when Bitcoin reaches $150K and $200K. Staking $BTCBULL offers potential rewards up to 77% APY. Priced at $0.0025, it has already provided early investors with a 6% increase in value and has raised over $5M.

3. Chill Guy – The Laid-Back Meme Coin: Chill Guy ($CHILLGUY) is a meme coin focused on mindfulness and relaxation. Operating on the Solana network, it has seen recent increases in trading volume and market cap. Priced at $0.04977, it has seen a small price increase recently, reflecting growing interest in its message of calm.

Navigating the Crypto Buzz: The current political and regulatory environment could bring projects like $SUBBD and $BTCBULL into focus. However, the crypto market remains volatile, and investment decisions should be made with caution and thorough research.

From Zeal News Studio(Terms and Conditions)
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