XLM's price to rocket like XRP, Trump’s big crypto nod: Hodler’s Digest, July 13 – 19
Stellar (XLM) Poised for Potential Surge? Crypto Market Buzzes with Trump’s Landmark Bill
XLM Eyes XRP-Like Rally: Is Another Crypto Bull Run on the Horizon?
Following the recent price surge of XRP, speculation is rife within the Indian cryptocurrency community that Stellar (XLM) could be the next to experience a significant upward swing. Market analysts are closely watching XLM’s movements, drawing parallels to XRP’s trajectory and assessing the potential for a similar rally.
Trump Signs Landmark Crypto Bill into Law
In a significant development for the digital asset space, former US President Donald Trump has signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law. This marks one of the first pieces of legislation related to cryptocurrency and blockchain technology to be enacted under his administration. The signing ceremony witnessed the presence of prominent figures from the crypto industry, signifying the growing recognition and importance of this sector.
- The bill aims to establish a clear regulatory framework for stablecoins in the US.
- It seeks to promote innovation and protect consumers within the digital asset ecosystem.
- The Act passed after deliberation in both the House of Representatives and Senate, reflecting bipartisan interest in the subject.
Crypto Leaders Witness Historic Moment
The signing ceremony was attended by several key executives from leading cryptocurrency companies. President Trump acknowledged the support of these figures, highlighting the collaborative effort in shaping the future of digital assets. Among those present were:
- David Ripley, co-CEO of Kraken
- Cameron and Tyler Winklevoss, co-founders of Gemini
- Brian Armstrong, CEO of Coinbase
- Jeremy Allaire, CEO of Circle
- Paolo Ardoino, CEO of Tether
- Vladimir Tenev, CEO of Robinhood
This signifies a shift towards greater acceptance and integration of cryptocurrency into the mainstream financial system. The involvement of these industry leaders underscores the importance of regulatory clarity and the potential for innovation in the digital asset space.
- Stellar (XLM) showing potential for price surge, similar to recent XRP rally.
- Donald Trump signed the GENIUS Act into law, marking a milestone for crypto regulation.
- Key figures from major crypto companies attended the signing ceremony, demonstrating industry collaboration.
- Regulatory clarity is crucial for the growth of the crypto market in India. The Trump-signed bill may influence India’s approach to digital asset regulation.
- Stablecoins will play an important role in the future of finance. This new act reinforces this trend.
- XLM’s potential rally could signal broader market recovery. Indian investors should be closely watching to determine the potential long term gains of investing in XLM and other crypto assets.
- Collaboration between regulators and industry leaders is vital for innovation. The attendance of prominent crypto executives underscores the need for ongoing dialogue.