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Desanoski Dart

@arbitragedart

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Desanoski Dart
@arbitragedart
🎙️ Crypto Highlights 🎙️ Solana’s Growth. Solana is anticipated to become a top blockchain by market cap and TVL. Its innovations, such as the Pyth price oracle, are expected to surpass established projects like Chainlink.
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Desanoski Dart
@arbitragedart
💡Crypto highlights 💡 Stablecoins and NFTs. The supply of stablecoins has started to increase again, signaling a return of new money and investors to the market. The NFT market is also seeing a resurgence, with significant activity on both Ethereum and Bitcoin networks . 🎙️
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Desanoski Dart
@arbitragedart
🕵️‍♂️🕵️‍♂️🕵️‍♂️🕵️‍♂️🕵️‍♂️🕵️‍♂️ Solana 👀🔎 The FIT21 (Financial Innovation and Technology for the 21st Century) Act could benefit the Solana blockchain by providing regulatory clarity, which would reduce uncertainty and boost confidence among developers and investors. This clarity could attract institutional investment, increase market growth, and foster innovation on Solana's platform. Overall, the Act's passage would create a more favorable environment for Solana by encouraging broader adoption and reducing regulatory hurdles [oai_citation:1,Crypto market structure bill advances to Senate, Rep. Nickel is optimistic  Blockworks](https://blockworks.co/news/fit21-crypto-bill-advances-to-senate).
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@arbitragedart
The FIT21 Act, if fully enacted, could benefit the Solana blockchain in several ways. 🕵️‍♂️ Regulatory Clarity The Act aims to delineate clear regulatory boundaries between the SEC and the CFTC. For Solana, this means less uncertainty about compliance and more confidence among developers and investors in the platform's legal standing. Institutional Investment With regulatory clarity, institutional investors are more likely to enter the market. Solana, known for its high throughput and low transaction costs, could attract significant institutional interest, leading to increased capital inflow and development. Market Growth As the bill encourages broader adoption of cryptocurrencies, platforms like Solana could see increased usage. This growth could come from both retail investors and enterprises looking to build on a secure, scalable blockchain Blockworks](https://blockworks.co/news/fit21-crypto-bill-advances-to-senate) 🕵️‍♂️🕵️‍♂️🕵️‍♂️🕵️‍♂️
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Desanoski Dart
@arbitragedart
After the FIT21 Act passed the House, the crypto market showed cautious optimism. If the bill progresses through the Senate and becomes law, it could provide a more defined regulatory framework for digital assets, fostering institutional participation and potentially driving market growth. This clearer regulation might reduce uncertainty, attracting more institutional investors to the market, which could boost liquidity and stability. However, its final approval remains uncertain due to potential amendments and opposition in the Senate. 🤞🤞🤞🤞🤞🤞
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Desanoski Dart
@arbitragedart
The U.S. Senate has approved the FIT21 Act, a significant crypto regulation bill, with a 60-38 vote. The bill aims to exempt cryptocurrencies from many securities regulations if they achieve sufficient decentralization, shifting more regulatory control to the Commodity Futures Trading Commission (CFTC). This move is expected to foster innovation and job creation within the crypto industry by providing clearer compliance rules and reducing the regulatory burden from the Securities and Exchange Commission (SEC). The bill now awaits President Biden's approval, although he has expressed concerns and hinted at a potential veto. In other words, if Biden doesn’t screw up, ETH will skyrocket 🚀.
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Desanoski Dart
@arbitragedart
The U.S. Senate has approved the FIT21 Act, a significant crypto regulation bill, with a 60-38 vote. The bill aims to exempt cryptocurrencies from many securities regulations if they achieve sufficient decentralization, shifting more regulatory control to the Commodity Futures Trading Commission (CFTC). This move is expected to foster innovation and job creation within the crypto industry by providing clearer compliance rules and reducing the regulatory burden from the Securities and Exchange Commission (SEC). The bill now awaits President Biden's approval, although he has expressed concerns and hinted at a potential veto.
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Desanoski Dart
@arbitragedart
July 23rd TODAY FOLKS If the crypto regulation bill passes the Senate, it will legitimize crypto assets, encouraging banks and large financial institutions to enter the market. This could reduce market volatility, increase liquidity, and drive broader adoption among retail investors. Institutions' involvement will improve security, compliance, and transaction infrastructure. Additionally, regulatory clarity will enable the development of new financial products like crypto-backed loans and derivatives. Overall, institutional participation will boost market stability, legitimacy, and growth, helping the U.S. maintain its leadership in financial innovation. Can you all see what’s about to go down??
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@arbitragedart
A warm Farcaster welcome to @ozez! Let’s dive in into the wider world of crypto and all its benefits🚀✨🎯.
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Desanoski Dart
@arbitragedart
✨The upcoming Senate vote on a significant crypto regulation bill on July 23rd could bring major benefits to the crypto market✨ 1. Regulatory Clarity. The bill aims to define clear rules on which agencies regulate specific digital assets, reducing uncertainty for businesses and investors. 2. Innovation Boost. A more predictable regulatory environment can foster innovation and attract investments in new technologies and services 3. Bank Participation. It prevents the SEC from restricting banks from holding crypto assets, encouraging more traditional financial institutions to enter the market. 4.Investor Confidence. Consistent rules can boost investor confidence, attracting more participants and promoting market growth. 🎯 In other words, this bill could create a supportive environment for the crypto industry, encouraging growth and innovation while ensuring proper oversight.🚀✨.
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Desanoski Dart pfp
Desanoski Dart
@arbitragedart
✨The upcoming Senate vote on a significant crypto regulation bill on July 23rd could bring major benefits to the crypto market✨ 1. Regulatory Clarity. The bill aims to define clear rules on which agencies regulate specific digital assets, reducing uncertainty for businesses and investors. 2. Innovation Boost. A more predictable regulatory environment can foster innovation and attract investments in new technologies and services 3. Bank Participation. It prevents the SEC from restricting banks from holding crypto assets, encouraging more traditional financial institutions to enter the market. 4. Investor Confidence. Consistent rules can boost investor confidence, attracting more participants and promoting market growth. 🎯 In other words, this bill could create a supportive environment for the crypto industry, encouraging growth and innovation while ensuring proper oversight.🚀✨.
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Desanoski Dart
@arbitragedart
⭐️Tuesday July 23rd a big deal for the crypto market ⭐️ On July 23, 2024, the U.S. House of Representatives will vote on the Financial Innovation and Technology for the 21st Century Act (FIT21). This bill aims to establish a comprehensive regulatory framework for the digital asset market. It includes provisions to clarify how digital assets are regulated, empower the Commodity Futures Trading Commission (CFTC) to oversee crypto assets as commodities, and delineate which assets are classified as securities under the Securities and Exchange Commission (SEC). The FIT21 Act has already garnered bipartisan support in the House and is viewed as a significant step toward providing regulatory clarity and consumer protection within the crypto industry. The bill’s passage would represent a major policy win for the crypto sector and could influence future regulatory decisions and market behaviors 😉💭💭💭💭💭💭💭🚀
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