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The TON Network has seen a sharp uptick in decentralized exchange (DEX) trading activity. The report also shows the increase in the number of addresses and transactions on TONs DEXs, indicating that investors are paying attention. This rise in activity occurs at a time when the TON price is settling down and entering a sideways […]
Pro-XRP lawyer and Massachusetts Senate Candidate John Deaton criticizes U.S. Senator Elizabeth Warren and SEC Chair Gary Gensler over their…
The post Pro-XRP Lawyer Exposes Gary Gensler and Senator Warrens Inconsistent Anti-Crypto Agenda first appeared on The Crypto Basic.
The TON (The Open Network) is demonstrating a high rate of development as a result of its high throughput and good performance on the market. In a recent X post, analytical platform CryptoQuant shows, that TONs high throughput capacity has allowed the network to keep the positive dynamics in the market, with the indicators pointing […]
Bitget, the fast-growing global cryptocurrency exchange, and Foresight Ventures have revealed that they are committed to a record $30 million investment into The Open Network (TON), to propel its ecosystem forward. The investment will entail buying TON tokens and aligning with the networks governance and vision of expanding new dApps to the marketplace quickly. According […]
In the wake of the November 2022 crypto market crash, which saw the bankruptcy and collapse of FTX and other firms, Solana (SOL) has emerged as a standout performer, experiencing a year-to-date price increase of over 560%. With a market capitalization of $67 billion, Solana has secured its place as the fifth largest cryptocurrency, trailing [...]
The post Bitcoin ETF Issuer Franklin Templeton Bullish On Solana (SOL), Foresees It As 3rd Largest Crypto appeared first on Crypto Breaking News.
Pro-XRP lawyer and U.S. Senate Candidate John Deaton highlights four things the next SEC Chair must do for the crypto industry on his first day in office. Deatons demands follow reports suggesting that U.S. President-elect Donald Trump has nominated a new chair for the Securities and Exchange Commission (SEC).Trump Nominates Paul Atkins as Next SEC Chair Yesterday, Trump announced the nomination of former SEC commissioner Paul Atkins to replace Gary Gensler as the next SEC Chair. The announcement, made via a Truth Social post, comes weeks after several reports highlighted Atkins as the top candidate for the position.Despite initially hesitating to take up the job due to the massive efforts required to restore the SECs gold standard, which many believe Gensler destroyed, Atkins finally accepted the nomination shortly after meeting with Trumps transition team earlier this week. Upon accepting the role, Trump published a Truth Social post emphasizing that Atkins would serve as the next SEC Chair under his administration. Four Things Atkins Must Do on Day One Following the nomination, Attorney Deaton highlighted four major things Atkins must do on his first day in office to show he is the right candidate for the position. Address DEBT Box Saga First, Deaton recommended that the next SEC Chair address the Debt Box issue and fire everyone involved in the saga. This incident revolves around the SEC's lawsuit against crypto-related firm Digital Licensing Inc., commonly called DEBT Box. Counsel to the SEC admitted to misleading the court in securing a Temporary Restraining Order (TRO) against the company. Consequently, the judge dismissed the lawsuit based on the SEC's request and ordered the commission to pay DEBT Boxs legal fees of $1.8 million. Although some SEC lawyers resigned following the DEBT Box saga, Attorney Deaton is asking the next SEC Chair to sack everyone involved. Overhaul at the SEC Second, Deaton requested that Atkins sack or demote any SEC staff appointed into key leadership roles by Gensler, whom he labeled a bad-faith regulator. According to Deaton, the next SEC Chair should carefully select his team members who will align with Trumps vision of making America the Crypto Capital of the world. Clarity for Self-Custody and DeFi For the third demand, Deaton suggested that Atkins clarify that decentralized finance (DeFi) and self-custody are not subject to the SECs regulatory purview. This clarification would mark a significant shift from Genslers approach, which has seen him give the securities tag to almost everything relating to crypto. It bears mentioning that a part of Trumps campaign promise involves protecting the right to self-custody. Disband the Crypto Unit Lastly, the U.S. Senate for Massachusetts at the just-concluded election further urged the newly appointed SEC Chair to disband the Crypto Unit at the securities agency, which focuses mainly on cryptocurrencies. According to Deaton, there is no need for a dedicated Crypto Unit at the SEC. Instead, he recommended that the new chairman establish a general fraud unit at the commission that will tackle all fraudulent activities across various sectors, including crypto and the securities market. In the meantime, the crypto market is still reacting positively to Atkins' nomination as SEC Chair due to his pro-Bitcoin stance. Bitcoin is still trading above the $100,000 mark, with the asset currently priced at $102,943. Bitcoin 1D Chart
The Open Network (TON) has recently become one of the most popular projects in the crypto space, owing to its high price and frequent project releases. Based on the recent analysis from the platform CryptoQuant, the value of TON has grown by 125% compared to Bitcoin in just this year. New projects on TON include […]
The TON Foundation, which has close ties to Telegram Messenger LLP, is shifting its focus to the United States. This stems from expectations of a favorable regulatory environment under the forthcoming Donald Trump administration. The move aims to capitalize on opportunities in the worlds largest economy as the blockchain industry anticipates potential policy shifts. Notably, the president-elect awaits inauguration on the 20th of this month.Per a Bloomberg report, the foundation announced on Tuesday the appointment of Manuel Stotz as its new president, replacing Steve Yun, who will remain a board member. Stotz, a seasoned investor and founder of Kingsway Capital Partners Ltd., will oversee efforts to strengthen TON's position in the U.S. market. The transition aligns with the foundations emphasis on leveraging a more conducive regulatory environment in the United States.Leadership Transition The appointment of Stotz marks a major leadership change for the TON Foundation. With extensive experience in digital assets, Stotz will guide the foundation's initiatives in the U.S., a market that presents substantial growth opportunities for blockchain technology. As the TON Foundation sets its sights on U.S. expansion, Toncoin (TON), its native token, experienced notable price activity. On the day of the announcement, Toncoin changed hands at $5.35, reflecting a 4.05% increase in 24 hours, despite a 5.70% decline over the past week.Prospects Under TrumpThe TON Foundation's shift aligns with emerging discussions on crypto policy under the anticipated Trump administration. David Sacks, Trumps incoming AI and Crypto Czar, is engaging with industry stakeholders to address critical regulatory concerns. Key priorities include tackling issues like de-banking and revising accounting rules that classify digital assets as liabilities for banks. These measures could significantly impact the operational environment for blockchain firms in the U.S.Reports indicate that Trump may address these issues through executive orders immediately upon assuming office.In preparation for his administrations policy focus, a luncheon titled America First: The Future of Space, AI, and Tech was held on December 20 at Mar-a-Lago. The event brought together leading tech investors and policymakers to discuss innovation and regulatory strategies.
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