Crypto regulations key in latest Republican manifesto

Source Fxstreet
  • GOP released its latest manifesto, which addresses some key crypto issues within the industry.
  • The party aims to undo regulations that "have crippled the growth of the crypto industry."
  • A win for Trump could trigger a rally amid predictions that the current bull cycle has paused.

The Republican party revealed its plans to improve the state of crypto regulations in its latest manifesto, which was released on Monday. The party claims it wants to overturn the harsh measures placed on the crypto industry by the current presidential administration vis-à-vis the Securities & Exchange Commission (SEC).

Republicans aim to settle crypto regulatory issue

In a latest document released today, the GOP revealed their intentions to provide better crypto regulations through the "Make America Great Again" platform. 

In the document, the GOP claims that it will "end Democrats' unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency." The party also claims that it will defend the right to mine Bitcoin and provide regulations allowing citizens to self-custody digital assets.

Trump's campaign has garnered much attention since he declared a pro-crypto stance a few months back. Following the declaration, the former president began receiving donations in Bitcoin — the first ever from a presidential candidate. Trump's move led to several other political figures becoming vocal in their support for the crypto industry.

Many top crypto analysts have speculated that Trump's win could trigger a rally in the crypto market due to his pro-crypto stance. If successful, the rally will negate predictions by several analysts suggesting that the current crypto bull cycle has peaked.

The current cycle shares certain similarities with the 2020/2021 bull cycle, during which most tokens in the market rallied from December 2020 into mid-April 2021 before seeing a correction. The correction spanned from May to July 2021. The rally resumed another leg up in August through November 2021, when Bitcoin hit an all-time high.

If the current cycle replicates this move, a potential rally may be on the horizon starting in August, and Bitcoin could be set for a new all-time high in November if Trump emerges victorious in the upcoming presidential elections.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Big Tech's $800 billion AI bill faces its first real test — free cash flow is the judgeAlphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.
Author  Irene Q.
Oct 26, Mon
Alphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.
placeholder
Anthropic files for a $2 trillion IPO — the $80.7 billion loss is the decoy, the $450 billion compute bill is the riskAnthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.
Author  Irene Q.
Oct 27, Tue
Anthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.
placeholder
Fed October Rate Decision Preview: Rate Hike Pause Has Become Consensus, How Will US Stocks, Dollar, and Gold React?The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide
Author  TradingKey
Oct 27, Tue
The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide
placeholder
Bitcoin is back above $80,000 — but 75% of the bounce was shorts, not buyersBitcoin trades at $80,669, back above the $80,000 line after touching $79,145 on October 24. But 75.4% of the last 24 hours of futures liquidations were shorts, CME open interest fell 36,545 BTC in October, and spot ETFs lost $773.5 million on October 22-23. Price is up; positioning is down. Here is why the bounce is a squeeze, and the four things that would make it real.
Author  Suzie
Yesterday 05: 54
Bitcoin trades at $80,669, back above the $80,000 line after touching $79,145 on October 24. But 75.4% of the last 24 hours of futures liquidations were shorts, CME open interest fell 36,545 BTC in October, and spot ETFs lost $773.5 million on October 22-23. Price is up; positioning is down. Here is why the bounce is a squeeze, and the four things that would make it real.
placeholder
Brent's $115 front month sits $4.6 above January — the $14 spread to WTI is the supply-risk premiumDecember Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.
Author  Irene Q.
Yesterday 06: 21
December Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.
Related Instrument
goTop
quote