Altcoin to Fall Significantly: Analyst Says #Cryptocurrency | Cryptos Headlines发布于币安广场

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2023年7月21日

Altcoin to Fall Significantly: Analyst Says#CryptocurrencyNews  #NFT  #Web3  #Blockchain 
#BNB $BNB 

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Gary Gensler Reacts to Ripple Lawsuit Update and Other Crypto Cases Dismissal For the First Time Sin

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Gary Gensler Reacts to Ripple Lawsuit Update and Other Crypto Cases Dismissal For the First Time Since Leaving Office Former U.S. Securities and Exchange Commission Chairman Gary Gensler has addressed the SEC’s recent dismissal of major cryptocurrency enforcement cases, including its years-long legal battle with Ripple. This marks Gensler’s first public response to the agency’s shift in strategy since stepping down earlier this year. When Gensler appeared live on CNBC, the media outlet asked him about the SEC’s decision to end all legal and appeal actions against Ripple and major companies, including Coinbase and Kraken. He did not comment on specific cases but acknowledged the reaction from the crypto community. Gensler noted that many CEOs were taking “victory laps,” interpreting the dismissals as a reversal of the SEC’s previous enforcement direction. Gensler warned that people should not rush to celebrate victory, stating once again his ongoing belief that cryptocurrencies show weak financial stability because public emotions primarily determine their value. He declared that nearly all crypto operations operate solely based on hype rather than real value. Gensler believes Bitcoin could survive because of worldwide interest, yet expresses doubts about the long-term viability of additional altcoins that exist in large numbers. He compared the digital asset craze to human interest in precious metals, emphasizing that lasting value typically centers around only a few assets. Gensler advised investors to evaluate the real fundamentals behind their tokens, warning that sentiment-driven markets often collapse over time. Gensler Criticizes Trump’s Tariff Policy Amid Rising U.S.–China Trade Tensions In another part of the interview, Gensler spoke on broader economic issues, particularly the escalating trade tensions between the U.S. and China. He criticized the current administration’s tariff approach under President Donald Trump, calling it a “self-inflicted injury” that could destabilize financial markets.

4月17日

El Salvador Stacks Sats Will Trump Give Bukele IMF Cover?

4月14日

El Salvador Stacks Sats Will Trump Give Bukele IMF Cover? Bukele to meet Trump amid El Salvador’s $1.4B IMF deal tied to Bitcoin constraints. Trump’s potential pro-Bitcoin stance could shift global crypto politics. BTC nears $85K after breaking downtrend, showing strength amid macro volatility. As Bitcoin pushes toward $84,000, attention turns to a high-profile White House meeting between El Salvador’s President Nayib Bukele and US President Donald Trump. Speculation swirls on whether Bitcoin (BTC) will be a central topic. The timing is notable: El Salvador recently secured a $1.4 billion IMF loan package. Reports indicate this deal includes restrictions on the nation’s public-sector Bitcoin initiatives, impacting merchant mandates and the state-run Chivo wallet. How Is El Salvador Handling IMF Pressure on Bitcoin? Despite apparent IMF pressure for fiscal discipline, El Salvador’s National Bitcoin Office remains defiant. Officials confirmed the country will continue its “one Bitcoin a day” purchase strategy and has no plans to sell its current holdings of 5,968.8 BTC, valued at over $600 million. “Bitcoin continues to be our main strategy,” a spokesperson said. However, as per critics, the deal with the IMF, which concludes a four-year negotiation, has somewhat weakened Bukele’s crypto revolution by aligning with fiscal discipline and debt relief goals. Related: Trump Demands Fed Rate Cuts—Could Bitcoin Be the Biggest Winner? While Bukele’s team asserted that the Bitcoin strategy remains intact, Trump’s potential alignment with BTC could change everything. Could Trump Embrace Bitcoin With Inflation Concerns Rising? President Trump, holding a mixed record on crypto, could strongly influence the global digital asset space if he publicly supports Bukele’s pro-Bitcoin position. Political analysts believe such a move could signal a major shift in the US approach to digital assets.

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