CReyptocurrency has been announced Often so much that its supposed demise is a ongoing joke in the industry. According to the 99bitcoins website, the pioneering symbol of Crypto was written At least 477 times since 2010. A round of corrosion took place last year, after many encryption trading giants, including FTX, have collapsed, and the Securities and Exchange Committee offered a set of lawsuits against the main Blockchain companies. The technological investor, Shamath, said in the vigor All in Podcasts in April 2023. Publications, including Wall Street Magazine and Atlantic Ocean I wondered whether technology, again, was a cable.
So we should not be surprised that the encryption has returned. What is shocking is his return. The total market value of encryption assets was this year Amazing One of its highest levels ever in 2021 was the encryption sector Elderly Political donor in the current electoral cycle, transcending even fossil fuel industry, with contributions to candidates from both parties. In May, the House of Representatives Pass A draft law that guarantees many policy requirements for the encryption pressure mosque, while the Senate Rolled Guidelines by the Supreme Education Council designed to protect consumers of encrypted currencies. Both presidential candidates flirted enough, regardless of who will win in November, the market can be on the Bonanza lips fueled by cancellation.
How does the encryption wear very quickly? Part of the answer is Pure Smashmouth Politics: Industry has started Spending Gobs of Money – at least $ 130 million so far – to clarify its way to this year’s congressional races. It also refined its sales. Since the FTX collapsed, the industry has made efforts to send itself from the Sahar Sam Bangan Facial School. Muslim poetry and the great hadith of altruism and saving humanity were given. In the Master of Business Administration and Lawyers, players who know how to speak in convincing Washington. Industry message now: Make the encryption normal. Organize us, please. All we want is to know the rules of the road. They highlight the most secular and non -offensive applications for encryption, while condemning the fraudsters who distort the reputation of the industry and avoid the male “Devens”, or the Devotional gamblers, who represent a lot of actual demand for encryption.
But the fact is that the fraudsters become bolder, and they find new innovative ways to tear the retailers. If the encryption lounge reaches its path, the new regulatory system will erase a path not only for the “respected” wing in the industry but also for protruding and criminals. If you think Crypto was a problem before, you should feel anxious. The worst is likely to come yet.
R.It is the encryption industry He insists that its goal – the reason for spending non -evil amounts of money to influence the elections – is to be boring. Nothing to see here. The encryption companies say they only seek to “organizational clarity.”
This phrase is, to be generous, lightness of the hand. Companies not just want clarity; They want a certain set of rules. Currently, encoding is in a state of organizational forgetfulness. The Supreme Education Council says that most of the encryption assets are securities, which are defined as “an investment in money in a joint institution with a reasonable expectation of profits from the efforts of others.” The typical issue is a share of shares in a company circulating for the public. Securities are subject to many rules: you can only trade them through a registered exchange, and exporters must reveal a set of information about basic companies. In this way, investors can make informed decisions about the securities that must be purchased and to avoid.
If digital assets are already securities – a position accepted by some federal judges, at least one judge has wondered, and is currently being tested in a number of continuous enforcement cases – the encryption operations will have to act like other Wall Street institutions. For example, companies like Coinbase will need to separate their brokerage services – that is, helping their customers buy and sell symbols – from their exchange services. (This is one of the aspects of the lawsuit pending in the Supreme Council for Education against Coinbase.) In addition, encryption operations cannot start overnight – and not legally, at least. They will have to register for SEC and issue comprehensive disclosure documents before allowing the public to invest, which is a stressful and expensive process that will get rid of a large share of dribbling plans without a proper business model.
The main plate of the Crypto display for normal life is that symbols should be considered CommodityAnd not securities. What can be more boring than the commodity? Wheat, orange juice, coffee beans, livestock: commodities are switched, and you can circulate them with other people directly. The encoding says that the distinctive symbols are clearly goods, because they are violated like corn bags and do more than just high prices and prices. For example, users can spend the distinctive “gas” symbols to interact with Blockchain or participate in the governance and maintenance of Blockchain; They only depend on “the efforts of others.” (The Supreme Education Council agrees that Bitcoin is a commodity, because unlike all other encryption assets, it has no central source.)
Classification of encrypted currencies as goods that will be subject to them under the scope of the Futures Trading Committee, instead of SEC. CFTC was more friendly to encrypt The dialogue measures paid by FTX. It is also much smaller, with about the sixth of the budget and employees. With CFTC responsible, SEC Long list From the outstanding cases it may disappear, and we may see many prosecutions for encryption companies.
Consumer advocates argue that exemption from securities laws will make it easy for Americans to purchase risky digital assets: it will not be possible to provide exchanges like Coinbase and Kaken only a coin – they will be not harmful goods, after all – the investors are not like retirement Money may see the new rules as a character to agree to diving in encryption. Hillary C. Allen, a law professor at the American University who studies financial regulations, that the appointment of encrypted currencies as goods will create a loophole that is not exploited by unsaturated companies. She said, “Blockchain’s slap is on it, and you can also be free from securities,” she said. Dennis Keeler, CEO of non -profit markets, told me that the real reason is that the encryption industry does not want to classify symbols as securities is that the rules of disclosure will be presented as a financially dangerous. He said: “If you have to detect the risks associated with encryption, the people who participate in the encryption will not be near anything.”
The industry deviates such arguments by reducing its chaotic history and focusing on its most secular use: stablecoins, for example, which are designed to maintain a fixed value and can be used for immediate transactions from peers to weights, especially transfers across borders, and as a hedge against inflation. (I witnessed Argentina Growth Recent adoption.
But the rules that the industry will also work on the juice of some of the most deteriorating encryption plans. The suspended visits for 2024 are just new ways of gambling. Polymarket, the platform in which the bet is made exclusively with Crypto, has started this year thanks to the attention of betting on the elections. “To-To-EERN” games like Hames Kombat It rose in popularity, and the users were attracted with bonuses in the form of symbols. Nevertheless, Apotheissis of Crypto Crypto is the site pump. On pump.fun, anyone can Create memecoin Immediately – all you have to do is determine a name and image – and the site creates a market where people can buy and sell. One symbol was recently named Baby Baby Hippo Moo Deng. Inevitably, creators will make silly lengths to promote their symbols: one man apparently published a picture of himself using methyl. Another suffered burns after fireworks were fired during the live broadcast.
The industry does not lead these casino -like cases, but it implicitly blesses it. Natural speculation, the defenders say. In fact, this is what drives innovation in the first place. Christine Smith, CEO of Blockchain, told me: “Speculation and dangers – and this is the economy.” Sheila Warren, CEO of the Innovation Cross Council, says that allowing people to buy and sell symbols is not related to whether the encryption is good or bad. She told me, “I don’t necessarily know that it is positive or negative.” “I think it is about people’s ability to determine what they want to do with their own money.”
R.He’s the largest ever In voting. It is clear that Donald Trump has no idea about what Blockchain is, but he realizes that he is associated with money, which seems sufficient. He has Declare Himself “Crypting Head.” In July, he speaks at the Bitcoin conference in Nashville, pledge To make the United States “the planet’s encryption capital” and called Crypto “a hundred years ago.” In September, it is to stop Through a Bitcoin’s Bitconn pub, it spent $ 950 of Bitcoin in a round of burgers and a diet cokes. Trump also announced his involvement in a new encryption platform called World Liberty Financial. While the details of the project are blurry, it is It would display Stablecoin. (The project Release Last week witnessed the decrease in demand and the interruption of the extended current.)
This industry runs out the possibility of Trump’s victory. Trump said he would do fire SEC Gary Gensler Chairman, creates “Bitcoin Strategic Storage”, Editing CryBercrimrenal and Crypto American Ross Olbricht from prison. Any Trump encoding project, such as World Liberty Financial, will operate in a legal gray area unless Congress passes the new organizational system required by industry. In other words, he has the skin in the game. “It is clear that Trump will be very positive for encryption,” said Smith, CEO of Blockchain Association.
How will the Kamala Harris management organize less clear, but its recent data gave encryption fans hope. In September, it is I promised To help the growth of “innovative technologies” including “digital assets”. Then it is Declare It will support the regulations that enable “black men who carry digital assets to benefit from financial innovation” while preserving these “protected” investors – a strange and accurate framing that implicitly recognized the number of black men I lost money On encryption. These comments can be just a campaign letter aimed at dismissing attacks by the encryption connection. But they make it clear that Harris listens to the arguments of industry, especially those that were transferred in the language of opportunities and fairness. Harris, if there is nothing else, is sensitive to the direction of the political wind. If it is a newly friendly conference that passes the required industry legislation in a way of two parties, President Harris may feel very pressure to sign it.
Even if Trump and Harris did not do anything to help encryption, technology has now proven unbearable. As if he was leading to the house, it seems that tracker 99bitcoin has decreased this year. The last input is April. I made the owner of the site owner to ask if he is still updating it. He did not want.
