Acting SEC Chairman Mark Uyeda announced on March 10 that the regulatory body is working on abandoning a potentially horrendous rule that would require crypto firms to register as exchanges.
The said rule would’ve broadened the spectrum of what could be considered an ‘alternative trading system,’ including some crypto firms.
The proposal drew massive criticism from the crypto industry when it was announced in 2022. That’s because it would have jacked up regulatory oversight and pestered crypto firms with restrictive rules.
During his speech, Uyeda highlighted how the former SEC Chair Gary Gensler took a ‘very different direction’ by unnecessarily applying guidance that was meant for the US Treasury market participants to crypto.
“In my view, it was a mistake for the commission to link together regulation of the Treasury markets with a heavy-handed attempt to tamp down the crypto market.” – Mark Uyeda
What This Means for Crypto
Currently, only a few crypto exchanges (like Coinbase and Binance.US) can operate in the US due to the local regulations.
If the SEC abandons these regulations, the country would open its borders for huge crypto adoption from users, many of whom were using VPNs to access foreign exchanges.
More exchanges operating in the country would result in an influx of retail investors engaging with crypto above the board. This will then skyrocket crypto’s demand, bumping asset prices.
If you want to be on the receiving end of crypto’s upcoming rally, here are the best altcoins you should consider including in your portfolio.
1. BTC Bull Token ($BTCBULL) – Best Altcoin to Benefit from Bitcoin’s Price Appreciation
Even though Bitcoin’s current price movements don’t reflect it, there’s no debating the crypto’s underlying potential.
With Trump announcing a strategic Bitcoin reserve and various countries scampering to follow suit, as well as the slew of policy changes set to boost overall crypto adoption, the granddaddy of all cryptocurrencies is undoubtedly poised for massive growth.
BTC Bull Token offers a low-cost way of positioning yourself behind Bitcoin’s upcoming rallies. As the first-ever Bitcoin-inspired meme coin, this unique crypto project will distribute free $BTC to token holders.
These $BTC giveaways will take place every time Bitcoin surges past a new landmark number, such as $150K, $200K, and $250K.
Because it’s directly linked to Bitcoin’s growth, experts believe BTC Bull Token is one of the top contenders for the next crypto to explode.
The developers have more tricks up their sleeves, though. In addition to burning a part of the token supply at regular intervals, they also plan to spend a huge chunk of the total funding to ensure $BTCBULL continues to enjoy market hype.
Luckily for you, BTC Bull Token is still in presale ($3.4M+ raised), meaning tokens are available at some of their lowest prices ever. Currently, it’s just $0.002405 each.
2. Meme Index ($MEMEX) – Top Altcoin Redefining Memecoin Investing
We’ve all come across the good old financial advice of investing in index funds. After all, they’re one of the least risky ways to beat inflation and generate handsome returns.
Meme Index ($MEMEX) brings the concept of index funds to the memecoin market. The first-ever to do it.
$MEMEX offers four different baskets of meme coins, each with a different degree of risk, volatility, and upside potential. This will allow investors to:
- Diversify their investment across multiple tokens without any hassle.
- Invest in a way that aligns with their risk appetite.
Meme Index is particularly encouraging for traditional/cautious investors, who consider meme coins high risk and wouldn’t typically dip their toes into them. Not every investor wants to hit a home run or get out trying to do so.
Thanks to its unique approach to memecoin investing, Meme Index could result in an influx of new investors into the meme coin market.
Combined with an impressive 573% staking rewards and close to $4M in its presale purse already, $MEMEX is easily one of the best crypto presales going around.
One $MEMEX is currently available for a low price of $0.0166883. Here’s how to buy it.
3. Litecoin ($LTC) – Payments-Focused Crypto Ripe for an Upmove
Litecoin’s current market position isn’t very different from Bitcoin’s. It, too, has a lot of positives going for it on the fundamental side of things – only that the technical side (i.e., the actual price of the token) is yet to catch up.
For instance, large crypto investors (or whales) recently bought over $43M worth of $LTC. This is a clear sign of increased institutional interest in the token, which is one of the biggest reasons experts are predicting it to rally upwards.
Even though $LTC’s price has been on a downtrend recently, it’s important to note that large accumulations generally occur at the bottom.
This means Litecoin is currently available at a hefty discount. It’s priced at $88.04 at the time of writing.
Bottom Line – DYOR
The SEC’s latest pro-crypto measure to remove restrictive exchange guidelines can undeniably push crypto to new highs. But it won’t change the way you should manage your crypto investments, which is smartly and patiently.
Always do your own research before investing and only put in an amount you’re comfortable losing.
Also, this article isn’t a substitute for financial advice from a professional. If you’re unsure about your approach in the markets, consider consulting a certified advisor.
