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- 1 Rumors are that Joe Biden, the US president is planning to unleash a crypto bill.
- 2 Cryptocurrencies like XRP, BTCS, and FTM might skyrocket under the light of this bill.
Rumors are swirling about a potential crypto bill coming from the Joe Biden administration that could have a significant impact on the cryptocurrency market. Earlier in the year, a top economic adviser to President Joe Biden had informed US senators that the administration was actively working on creating a digital dollar to compete with private cryptocurrencies. The rumors have generated excitement and anticipation among crypto enthusiasts and investors, particularly for cryptocurrencies like XRP, BTCS, and FTM, as they foresee substantial price increases in case such a crypto bill materializes.
XRP Lawsuit
In a crucial update, Ripple, a well-known cryptocurrency payments firm, published a market report on November 1, revealing the current status of its legal battle with the US Securities and Exchange Commission (SEC), commonly known as the XRP lawsuit. The report highlights how on October 19, the SEC made a surprising decision to dismiss all remaining charges against Ripple’s CEO and Executive Chairman “with prejudice.” This final ruling puts an end to the accusations and eliminates the need for the scheduled trial in April 2024. Both parties are now moving into the remedies stage, where the court will determine appropriate actions in response to the finding that certain institutional sales were considered securities.
This development comes after several partial victories for Ripple in the legal battle, which includes a July 13 ruling declaring XRP not security and an October 3 decision rejecting the SEC’s appeal. Meanwhile, Ripple is achieving significant progress on a global scale. Recently, It has secured a crucial payment institution license from MAS Singapore, an important milestone for its cryptocurrency payments business.
Bitcoin Spark (BTCS)
Bitcoin Spark is an exciting project delivering new blockchain technology and a prospective investment opportunity in ICO. BTCS is a BTC fork addressing speed, scalability, and fortifying decentralization principles according to Satoshi’s original vision crafted a decade and a half ago. It introduces a Proof of Process protocol, billed as the ultimate democratic mechanism.
It seeks inclusivity and accessibility to the platform’s processes. PoP presents a refined mix of PoS and PoW made possible by its Bitcoin Spark mining application. The application fairly moderates rewards to ensure every participant benefits regardless of processing power or fiat resources. Under the PoW concept, miners are required to contribute computing power for rental to individuals and institutions in need. CPU rental and a new advertising concept generate income for the platform, contributing to its self-sustainability. According to its roadmap, BTCS plans on smart contracts, dApps, and multi-layer integration into the new platform.
BTCS platform is secure and stable, as per the audit and KYC findings. Bitcoin Spark’s ICO presents an opportunity to acquire BTCS tokens while still affordable and gain from its projected explosive launch in November. BTCS is priced at $3.50 in ICO phase nine, with a 5% bonus and an expected ROI of 300% or higher for the early adopters.
FTM Price Prediction
The FTM price prediction suggests its token price will likely increase in the next few years, possibly by 2025 This means that Fantom’s future looks very positive. Currently, priced at $0.24, the crypto community and traders are optimistic about Fantom’s potential. Fantom joined the 2021 crypto market rally a bit later but increased significantly before the mid-May crash. FTM price prediction notes that partnerships off-chain and blockchain-based, upgrades to the FTM ecosystem, and a thriving crypto market could spur FTM price to exceed its current level in the coming months.
Learn more on BTCS and ICO:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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