cookchiang

@cookchiang

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Although Web3 was initially designed to be decentralized, creators are increasingly developing protocols that are often, at best, exploitative or manipulative, consisting of pump and dumps. At worst, they are illegal scams and frauds.

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If developed correctly, memecoins, otherwise known as “community” or “culture” coins, present a key tool for achieving this. While frequently lacking traditional utility, memecoins are usually designed exclusively to serve the communities they emerge from.

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The key to overcoming crypto manipulation from a small group of bad actors is to develop memecoins underpinned by community-empowering infrastructures, including decentralized autonomous organizations (DAOs) — an organizational structure with no central governing body.

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emilymiller08177

@emilymiller08177

Whether it be a small group of African entrepreneurs looking to build a liquidity pool or a group of residents in Ohio raising funds for a school, the power of digitally administered democracy is the global breakthrough that will redefine the current state of crypto and finance, and this momentum and support will only continue under US President-elect Donald Trump’s administration.

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The bullish BTC and ETH price projections reflect “an unprecedentedly favorable regulatory environment for cryptocurrencies, a supportive macroeconomic climate marked by declining interest rates and improved liquidity, and the historically strong post-Bitcoin-halving performance,” the report said.

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Steno’s prediction is “partly based on the argument that Donald Trump’s U.S. presidential victory is more favorable for altcoins than for Bitcoin.”

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Trump’s presidency “encourages more robust onchain activity, which benefits altcoins such as Ethereum and Solana significantly,” Steno said.

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Expect the total value locked (TVL) in decentralized applications to top $300 billion in 2025, far surpassing 2021’s highs of approximately $180 billion, according to the report.

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Grayscale cited the warming US policy environment as a key factor. Trump has promised to appoint industry-friendly leaders to key regulatory agencies and make the US “the world’s crypto capital.”

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“In the US, with Trump’s victory, I am aggressively bullish on the US becoming a global leader in the space by the end of the year,” Raj Brahmbhatt, CEO of Web3 settlement company Zeebu, told Cointelegraph in December.

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Less than a month before a new United States presidential administration and Congress are set to be sworn into office, many figures in the digital asset industry are speculating the change in leadership could lead to more favorable regulations and laws.

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For some executives, any change in policy from the US government could be apparent through actions from the Securities and Exchange Commission. Under SEC Chair Gary Genser and his predecessor Jay Clayton, the commission filed several enforcement actions against US crypto firms over allegations of unregistered securities offerings, including against Ripple and Coinbase.

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Ripple is currently appealing an August 2024 judgment in its case against the SEC, which found the firm liable for $125 million.

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Others like Coinbase chief legal officer Paul Grewal seemed to support the implications on the SEC for the US Supreme Court overturning the Chevron doctrine in 2024. The June opinion removed the practice of courts generally deferring to agencies’ interpretations of laws and regulations and required them to “exercise their independent judgment,” suggesting that judges could modify their approach to SEC cases involving digital assets.

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There are several court cases between the SEC and Commodity Futures Trading Commission (CFTC) against crypto firms that are expected to move forward in 2025.

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There are several court cases between the SEC and Commodity Futures Trading Commission (CFTC) against crypto firms that are expected to move forward in 2025.

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An executive order, however, would lack stability, as subsequent presidents often reverse such orders. The only way to ensure the long term future of a strategic Bitcoin reserve would be with legislation with majority support.

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anthony5evans00

@anthony5evans00

Earlier this month, Alex Krüger, economist and founder of macro digital assets advisory firm Asgard Markets, said the election result made him believe that “Bitcoin is highly likely in a supercycle.”

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Trump’s actions to date certainly suggest a favorable administration going ahead. He’s nominated pro-crypto and pro-deregulation Paul Atkins as chairman of the Securities and Exchange Commison after Gary Gensler stepped down.

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@wilsonorange55

He’s also nominated pro-crypto Scott Bessent as Treasury Secretary and designated former PayPal Chief Operating Officer David Sacks as AI and crypto czar, tasked with developing a clear legal framework for the crypto industry.

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