The U.S. Senate Banking Committee has postponed consideration of the crypto market structure bill, known as the CLARITY Act, for several weeks to months. The delay comes as lawmakers shift focus to housing affordability legislation aligned with President Trump’s agenda, marking another significant setback for efforts to establish clear regulatory boundaries for digital assets and resolve the long-standing jurisdictional conflict between the SEC and CFTC.
about Crypto Bill Delayed as Senate Shifts Focus to Housing LegislationBankrate
0 in Finance and 0 in Crypto last weekShiba Inu Burn Rate Soars 3,194% in 24 Hours
Shiba Inu (SHIB) has experienced a dramatic 3,194% increase in its burn rate, with 521.6 million tokens destroyed in just 24 hours, according to Shibburn data. A few large transactions dominated the burn activity, including a single wallet that burned over 500 million SHIB. However, this effort barely impacts SHIB’s colossal circulating supply of 589 trillion tokens, highlighting the uphill battle for price appreciation. While the burn surge boosts community optimism, SHIB’s price remains stagnant, trading at $0.00001192, down 1.7%. Speculation about future developments from lead developer Shytoshi Kusama could reignite interest in the meme token.
about Shiba Inu Burn Rate Soars 3,194% in 24 HoursInvestment Strategies for Navigating Market Volatility and Uncertainty
Investors are advised to maintain a solid strategy and assess their risk tolerance, especially during market downturns. While some may shift to safer fixed-income products like U.S. Treasury bonds, the political climate under President Trump could create volatility, with potential for smoother market conditions later in the year. Experts caution against drastic changes based on short-term fluctuations, emphasizing the importance of staying the course.
about Investment Strategies for Navigating Market Volatility and UncertaintyPeter Schiff Claims Bitcoin is a Meme Coin but Is It True?
Peter Schiff recently labeled Bitcoin as a “meme coin,” sparking debate about its true nature. While meme coins are often inspired by internet trends, Bitcoin was created in response to the 2008 financial crisis, rooted in cryptography and decentralized networks, distinguishing it from typical meme coins. Schiff’s comments appear to reflect his ongoing skepticism towards Bitcoin’s value.
about Peter Schiff Claims Bitcoin is a Meme Coin but Is It True?