Trump Supports Crypto: Make Crypto Great Again

DAILY MARKET OVERVIEW
Trump is Pro Crypto 💵 

Hey there Crypto Enthusiasts! : This is a condensed version of our newsletter. We'll be fully back and ready to roll on May 13, 2024! 😊 

Analysts Predict Trump Presidency Could Boost Bitcoin and Crypto

A recent report from Standard Chartered, one of the world's largest banks, suggests that a potential victory for Donald Trump in the next U.S. presidential election could have a positive impact on Bitcoin and the cryptocurrency market.

The report states, "We think that a second Trump administration would be broadly positive via a more supportive regulatory environment... In a scenario of U.S. fiscal dominance, we think Bitcoin would provide a good hedge against de-dollarization and declining confidence in the U.S. Treasury market."

Trump himself has made comments indicating a favorable stance toward cryptocurrencies, saying in a recent speech, "If you like crypto, you better vote for Trump."

The report also notes that Trump's campaign has begun accepting donations in cryptocurrency, further signaling his embrace of the technology.

NEWS OVERVIEW
Recent Crypto Events

SEC Scrutinizes Ripple's Proposed Stablecoin as Unregistered Crypto Asset. Amidst an ongoing legal battle, the SEC has labeled Ripple's proposed stablecoin as an "unregistered crypto asset," seeking $2 billion in fines from the company.

Tether Expands Crypto Payment Footprint in Eastern Europe with CityPay.io Investment. Stablecoin firm Tether has invested additional capital in the Georgia-based crypto payment provider CityPay.io, aiming to scale crypto payments in the Eastern European region.

House Votes to Overturn SEC's Crypto Accounting Policy, President Biden Vows Veto. The House of Representatives has voted in favor of a resolution to oppose the SEC's crypto accounting policy, but President Biden has vowed to veto the move.

Vitalik Buterin Proposes Temporary Smart Wallets on Ethereum. Ethereum co-founder Vitalik Buterin has rallied support for a new EIP that would introduce temporary smart wallets on Ethereum, resolving disagreements around the path towards universal smart contract wallets.

CRYPTO MEMES