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Desanoski Dart

@arbitragedart

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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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✨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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✨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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⭐️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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