AI-X narxX

Trench Lessons: Intuition Coin 1: It's been weeks since the trenches have been silent, however, for the first time I had the gut feeling to buy a coin but ended up talking myself out of it. It’s up 12x. Coin 2: Someone recommended a coin to me. I had a gut feeling not to buy…

update: 20x since I faded myself

Under President Donald Trump, the US government is working toward establishing clear regulations for the crypto industry. At a Friday meeting with crypto industry executives at the White House, Trump announced that he has asked Congress to pass crypto legislation before the August recess. Coinbase CEO Brian Armstrong considers the development historic. He cites two key achievements from the recent summit at the White House: clearer regulatory clarity and the establishment of a Strategic Bitcoin Reserve in the US. Armstrong noted that the development translates to economic growth in the United States, and his company will hire about 1,000 employees due to the renewed growth. Related: US Congress Targets Crypto Bill by 2025: Pro-Crypto Senator Cynthia Lummis Drives Senate Agenda Based on the summit’s outcome, renowned crypto lawyer John Deaton noted that the US crypto industry is about to enter a new era. In his latest post on X, Deaton highlighted that the US plans to establish stablecoin legislation as part of a regulatory restructuring that will introduce significant changes in the crypto industry. In the meantime, Deaton noted that the US government will introduce a new market structure to replace the 1930 statutes and 1946 case law as they apply to modern blockchain and AI technologies. Furthermore, there would be centralized exchange oversight, preventing the commingling of customer funds. That would protect centralized exchange users in case of bankruptcy. Deaton expects the new regulatory structure to include a tax policy reform for the crypto industry and also deliver an accredited investor rule reform. Overall, the famous crypto lawyer thinks the latest move by Trump is a step in the right direction for the crypto industry in America. Highlighting the latest steps by the authorities, another renowned crypto lawyer, Jeremy Hogan, noted that the US Office of the Comptroller released an interpretive letter explicitly allowing banks to use distributed ledgers and stablecoins for banking activities. Related: 27 US States Introduce Bitcoin and Crypto Bills Amid Growing Institutional Interest According to a section of the letter, a bank may validate, store, and record payment transactions by serving as a node on an INVN. Likewise, a bank may use INVNs and related stablecoins to facilitate other permissible payment activities. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Ripple CEO Brad Garlinghouse described the past week as a turning point for the cryptocurrency industry. He pointed to high-level discussions at the White House Crypto Summit and the Commodity Futures Trading Commission (CFTC) CEO Roundtable. Garlinghouse highlighted the key regulatory priorities that emerged from the meeting, on social media platform X. They included Congressional action on crypto legislation, a Bitcoin reserve, and support for stablecoins backed by the U.S. Treasuries. Garlinghouse also expressed optimism about the administration’s stance, contrasting it sharply with the previous Biden administration, which he characterized had been hostile towards crypto. That made him acknowledge the significance of the latest discussions, all the more, noting strong support for a fair regulatory framework that can transition to the industry’s growth. Related: Garlinghouse Heads to White House Crypto Summit: XRP’s Role in Trump’s US Reserve in Focus Garlinghouse also urged the industry to move past internal divisions and focus on achieving regulatory clarity. He criticized the ongoing “maxi-induced noise” and infighting, stating that the crypto sector should work together to ensure a level playing field. “We will continue to champion the need for a fair regulatory environment,” he said. Further, Garlinghouse thanked President Donald Trump, White House AI and Crypto Czar David Sacks, and Representative Bo Hines for facilitating crypto discussions at the White House and CFTC Commissioner Caroline Pham for hosting the regulatory roundtable. Legal expert Bill Morgan echoed Garlinghouse’s statement as a “very positive and grateful take” on what he called a “monumental week” for crypto. He noted the stark contrast to the regulatory climate just six months ago. Despite these positive developments, the SEC’s lawsuit against Ripple remains active. Unlike many other cases that have been dropped, Ripple’s legal battle continues at the appellate court. Related: SEC Drops Multiple Lawsuits and Investigations Against Crypto Firms—Here’s the List It’s worth noting that the SEC has paused or dismissed multiple lawsuits and investigations involving major cryptocurrency firms in recent weeks. Companies like Binance, Coinbase, Kraken, and Uniswap have benefited from the SEC’s recent action. However, Ripple remains in a holding pattern, awaiting its fate. Experts suggest the delay in Ripple’s case stems from the fact that the lawsuit has received a binding decision. Consequently, a quick settlement is not as straightforward as in other cases without a final judgment. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Word @SpiderCrypto0x