🇺🇸 JPMorgan, which manages assets worth $4.8 trillion, claims that tokenization, stablecoins, and blockchain technology could modernize the US financial system.
A few years ago, the same institution called Bitcoin fraud and a decentralized financial pyramid used for money laundering.
The next two weeks are crucial for the cryptocurrency market structure bill.
Since the Senate is in recess until July 13, Senate staff and key industry leaders are working to resolve the remaining issues with the bill. To pass the bill, 60 votes are needed, and it is expected to be brought before the Senate in late July or early August.
If the Clarity Act is not approved by the Senate before the August recess, its chances of becoming law this year are virtually zero.
Breaking news: Michael Saylor’s Strategy company has launched a bitcoin monetization program that allows it to sell $BTC to fund its activities.
This means that Strategy can now sell small amounts of bitcoin to cover its annual dividend payments of $1.5 billion, which is a shift from Saylor’s long-standing position of “never sell.”
In the two previous cycles, Bitcoin bear markets lasted only two consecutive six-month candles, after which a major uptrend began. The current six-month candle closes tomorrow.
Many quality altcoins are at their lowest levels in decades.
That’s exactly what happened to the stocks of companies dealing with AI and memory a few years ago.
Now look at them today. NVIDIA shares have risen 20x over the past 3.5 years. AMD shares are up 10x since the 2022 low. Micron shares are up 20x from last year, and SanDisk—by nearly 85x.
I think this is what will happen with crypto projects focused on trend-driven trends such as RWA and stablecoins.
Projects like $LINK , HYPE $and $SOL , which consistently lead in the field of tokenized stocks and payment systems while creating real value, will become the top winners. Many major altcoins with market capitalizations of $30 or $50 billion in the coming years will turn into companies with market caps of $500 billion.
🇺🇸🔥 The U.S. Senate next week must complete work on the Clarity Act, which could bring in more than $30 billion in new capital to the cryptocurrency market.
Regulatory clarity is coming closer. XRP is ready. 🚀