The crypto market is rising, and several altcoins are positioning themselves for big moves. With major partnerships, integrations, and bullish regulatory developments, certain projects are standing out from the crowd. If you’re looking for altcoins to stack right now, here are three tokens that deserve a spot on your radar, according to Altcoin Buzz.
Altcoin 1: XRP
XRP (Ripple) is causing a stir after it tried to buy Circle, the company behind the USDC stablecoin, for $5 billion. However, Circle turned down the offer. This move was Ripple’s way of trying to take control of the stablecoin market. Ripple is also allegedly meeting with the new SEC chairman, Paul Atkins, which could help solve past legal issues and lead to better times for XRP. The price of XRP is showing signs it might go up soon.
Altcoin 2: SUI
Sui (SUI) is growing fast by adding Stacks and sBTC to its platform. This allows Bitcoin holders to use their Bitcoin in new ways on Sui. Recently, Sui has become more valuable than big projects like Avalanche and Chainlink.
The team is also preparing for the Sui Base Camp event in Dubai, where they will reveal new projects and partnerships. The co-founder of Sui believes the network could become a multi-trillion-dollar project over the next 8 to 12 years as the crypto world continues to expand.
Altcoin 3: HBAR
Hedera (HBAR) has some exciting news. There’s an 80% chance that an HBAR ETF will be approved soon. If it happens, it could raise the price of HBAR. Hedera is also working with the Nairobi Stock Exchange to create a digital platform that will turn real-world assets, like real estate and stocks, into digital tokens. Hedera is known for being one of the fastest and cheapest blockchains, which makes it a top choice for tokenizing assets. The price of HBAR is expected to keep rising in the next few weeks.
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The crypto market is rising, and several altcoins are positioning themselves for big moves. With major partnerships, integrations, and bullish regulatory developments, certain projects are standing out from the crowd. If you’re looking for altcoins to stack right now, here are three tokens that deserve a spot on your radar, according to Altcoin Buzz. Altcoin …
The Worldcoin price seems to be ready to defend $1 support as it has remained firmly above the levels throughout the day. However, the bearish pressure over the markets was somewhat negligible, but the WLD bulls have managed to keep up the momentum of the rally. The technicians have been displaying strong directional movement, which favors a decent rise in the price. After the key development, here’s what’s next for the WLD price rally.
The platform has entered the U.S. market, which has marked a major milestone for the crypto industry. It has launched the World ID, or Orb in six U.S. States: Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. The Sam-Altman-led project aims at identity verification and offers WLD tokens for users who do so. With this, the demand for the token is expected to increase subsequently, and with the latest rise, the bulls seem to have gained huge control over the rally.
The weekly chart of Worldcoin displays that the price has reached the lowest level of the consolidation, attracting the bulls. The buying pressure has grown considerably, which has pushed the price above the conversion line of the Ichimoku cloud. If the price maintains a considerable ascending trend, the conversion & base lines of the Ichimoku could undergo a bullish crossover, validating the start of a fresh bullish trend. On the other hand, the weekly MACD shows a drop in the selling pressure and with a rise in the buying volume, the price may also begin to surge.
The US launch was accompanied by Coinbase listing the WLD token, enabling trade for US customers. Therefore, the volume is said to increase notably in the coming days, which could positively impact the WLD price. The next pitstop for the rally is the pivotal resistance zone between $2.2 and $2.4, and a rise above this range could elevate the levels to $4, completing the double bottom pattern. Hence, a breakout from here could trigger a strong upswing towards the double-digit figure.
The post Worldcoin Enters the US Markets—Chart Hints at $2.2-Here’s What’s Next appeared first on Coinpedia Fintech News
The Worldcoin price seems to be ready to defend $1 support as it has remained firmly above the levels throughout the day. However, the bearish pressure over the markets was somewhat negligible, but the WLD bulls have managed to keep up the momentum of the rally. The technicians have been displaying strong directional movement, which …
Cardano (ADA) bulls appear to be losing their grip amid the broader crypto market’s consolidation over the past week.
Technical indicators suggest that the bullish presence in ADA’s spot markets is fading, a shift that could lead to a potential revisit to its year-to-date low of $0.50.
ADA Bearish Momentum Builds as Buying Pressure Dries Up
ADA’s Elder-Ray Index, which measures the strength of its bulls relative to bears, has shown a consistent decline over the past few days, signaling weakening buying momentum. Readings from the ADA/USD daily chart have revealed a steady decrease in the sizes of the histogram bars that make up this indicator, highlighting the dip in bullish strength.
A gradual reduction in the size of the Elder-Ray Index bars typically suggests a diminishing gap between bullish and bearish forces. As bullish pressure weakens and bears begin to gain control, the histogram bars shrink. This often serves as an early warning sign of a trend reversal or increased likelihood of downward price movement.
This trend implies that ADA’s buyers are steadily losing control, and a deeper correction may be underway.
Furthermore, ADA’s Chaikin Money Flow (CMF) is negative and has remained below the zero line since Monday. At press time, this momentum indicator, which measures money flow into and out of an asset, is at -0.09.
A negative CMF reading like this indicates the asset is experiencing more selling pressure than buying pressure. This hints at the likelihood of a further decline in ADA’s value in the short term.
ADA Bulls Battle to Defend $0.66
ADA currently trades at $0.69, resting above support formed at $0.66. If bullish pressure weakens further, ADA could break below this support level and fall toward its year-to-date low of $0.51.
On the other hand, a resurgence in new demand for the altcoin will prevent this from happening. If Cardano bulls increase their buying activity, the support floor at $0.66 will strengthen, propelling ADA’s price to $0.76.
The SUI price is showing signs of a breakout as cryptocurrency ETP provider 21Shares made a major announcement regarding a SUI ETF. The company’s latest filing with the Securities and Exchange Commission (SEC) for an SUI exchange-traded fund in the United States has pushed the coin’s price high today.
21Shares files for SUI ETF amid US expansion
According to the company’s announcement, this filing is “a first step in expanding exchange-traded access to SUI.” The news comes alongside a newly formed partnership between 21Shares and the Sui blockchain network. Institutional interest is driving the expansion of the Layer-1 protocol’s global reach.
21Shares has formed a partnership with the Sui blockchain network while simultaneously filing for a SUI ETF with the SEC. The Switzerland-based company, headquartered in Zurich, is expanding its focus to the U.S. market after building an extensive suite of digital asset services across Europe.
We’ve filed with the SEC for a SUI ETF in the U.S. — a first step in expanding exchange-traded access to SUI.@SuiNetworkhttps://t.co/06X49EaiFN
Materials provided herein are intended solely for educational purposes only. These materials should not be construed as… pic.twitter.com/dgFpgybwSZ
“Since our earliest research into Sui, we believed it could become one of the most exciting blockchains in the industry, and we’re seeing that thesis play out,” said Duncan Moir, President of 21Shares. The company stated that its decision to pursue Sui products is based on both conviction in the technology and growing investor demand.
The partnership will include product collaborations, research reports, and other initiatives designed to increase accessibility to the Sui ecosystem. Kevin Boon, President at Mysten Labs, the original contributor to Sui, stated that “Sui was designed to become the global coordination layer for digital assets.”
SUI price eyes breakout at key resistance level
The SUI price has shown strong price performance amid the ETF filing news, with an 11% surge in the last 24 hours. This recent jump adds to its 56% gain over the past 30 days and approximately 230% increase over the last year.
Technical analysis from crypto analyst Ted suggests SUI is approaching a critical price point. He mentioned that SUI is approaching a key resistance level. Ted said that the $3.8-$4 zone was rejected last time, and it is now attempting another breakout.
If SUI successfully breaks above the $4 mark, Ted suggests it “could soon hit a new ATH.” The price chart shows an upward trendline that has been supporting the price since late April. CoinGape has also released its price prediction for SUI, which shows a 49% bullish prediction.
Ethereum (ETH) price is on a bullish path today, May 1, after crossing above $1,850 for the first time in more than three weeks. The gains come amid chatter that ETH may have hit a local bottom, with key on-chain metrics supporting this hypothesis.
ETH value today trades at $1,847 with a modest 2.62% gain in 24 hours. The uptrend coincides with a 60% spike in trading volumes, as the market eagerly awaits whether a breakout above the psychological level of $2,000 will happen next.
ETH/USDT: 4-Hour Chart
Has Ethereum (ETH) Price Bottomed as MVRV Z-Score Spark Speculation?
The Ethereum MVRV Z-Score has plummeted to an extremely oversold region, a move that has historically formed a bottom for this altcoin. Looking at past trends, each time the ETH price entered this zone, it was followed by a notable surge in the price.
For instance, in 2023, the MVRV Z-Score reached a local bottom as ETH plummeted to around $1,500. As soon as this metric flashed an oversold signal, a parabolic rally ensued within three months to above $3,800. In 2020, the Ethereum price surged 5x from around $200 to above $1,000 shortly after this indicator also became oversold.
Ethereum MVRV Z-Score
If the above trend repeats, ETH price may have just found its local bottom within the $1,700 to $1,800 range, and it is now poised to make a bullish reversal.
Delta Growth Rate Signals ETH Recovery
At the same time, the Delta Growth Rate, a metric used to measure the ratio of ETH’s market cap against its realized cap has also plunged to bear market territory. Just like the MVRV Z-Score ratio, whenever this metric turns negative, it suggests that the Ethereum bottom is in, and the price eyes an upward trajectory.
Ethereum Delta Growth Rate
Besides on-chain metrics, analyst sentiment also supports a bullish Ethereum price prediction and the argument that ETH has indeed bottomed. Titan of Crypto noted that ETH’s “monthly RSI is back at the same level where the altcoin has historically bottomed. Merlin the Trader also opines,
“In 2020, Bitcoin consolidated at $8K… Most ignored it. Then it hit $64K. Today, Ethereum is showing the exact same structure. Accumulation. Compression. Explosion loading.”
The combination of these on-chain metrics and analysts’ views supports the argument that the bottom is in, and ETH price may breakout past $2,000 to multi-month highs is possible.
Ethereum Price Analysis as Rally to $3,000 Beckons
As on-chain metrics indicate that the Ethereum price bottom is in, a rally to $3,000 may be on the horizon, and the daily price chart supports the likelihood of this happening in the coming months.
ETH has broken out of a descending parallel channel, indicating that it wants to overcome the downward trend and push higher. A confirmation of this breakout will occur if ETH makes several decisive closes above the upper trendline and overcomes the first resistance level at $2,112.
If Ethereum can flip this first resistance level and also overcome the next hurdle at $2,472, it will be prime for the next run-up towards $3,064.
ETH/USDT: 1-day Chart
Technical indicators support this bullish thesis, with the RSI making higher highs as the CMF maintains levels above 50, indicating that sellers are not overpowering buyers despite market-wide uncertainty. However, this bullish thesis will be invalid if the Ethereum price slips below the mid-line of the descending channel.
Stablecoin issuer Tether has published its Q1 2025 attestation report, which has revealed interesting financial results that include U.S. Treasury holdings approaching a new high. The report also highlights its quarterly operating profits exceeding a key benchmark. The attestation was done by BDO which is one of the top five independent accounting firms globally.
Tether approaches $120 billion in US treasuries holdings
According to the report, Tether’s total assets amount to $149.27 billion against liabilities of $143.68 billion. The company is now operating under regulatory supervision in El Salvador where it holds a license as a stablecoin issuer.
Tether Approaching $120B in U.S. Treasuries, Confirms Quarterly Operating Profit Over $1B, and Strengthens Global USD₮ Demand in Q1 2025 Read more: https://t.co/U43RJ6bWWC
Tether’s Q1 2025 attestation has revealed that the stablecoin issuer has reached an ATH of total exposure in U.S. Treasuries approaching $120 billion. This figure includes direct Treasury holdings as well as indirect exposures through money market funds and reverse repo agreements.
The company’s Treasury portfolio was a key driver of its financial performance for the quarter. It has contributed to the over $1 billion in operating profit from traditional investments. Tether noted that performance from its gold holdings helped offset volatility in cryptocurrency markets during the period.
Cardano price sits above a crucial support level and may experience a bull run in May. Its daily volume in the spot market continued to rise, reaching $700 million today. Also, the open interest in the futures market is above its April lows. These factors, together with the positive weighted funding rate, means that ADA price could surge soon.
The ADA price today trades at $0.70, having risen by almost 40% from its April low.
Cardano Price Boosted by Rising Spot and Futures Volume
A potential bullish catalyst for the Cardano price is that signs of demand are emerging in the futures and spot market. CoinGecko data shows that the trailing Cardano volume jumped to over $700 million on Thursday.
Cardano Volume
This continues a trend that started late last month when the daily volume has averaged above $700M on weekdays. For example, its spot volume soared to $1.035 billion on April 25.
A rising volume, especially when a cryptocurrency is experiencing a surge, is a sign of increased demand from both retail and institutional investors. The volume on centralized and decentralized exchanges can also jump when a crypto is crashing, as holders sell.
In line with this, Cardano price could rise as the futures open interest in the futures market rises. Per CoinGlass, the open interest rose to $782 million on Thursday. While this figure is lower than its weekly high, it is much higher than the April low of $576 million.
Open interest is a crucial metric in the futures market, as it measures the number of unfilled call and put trades in the futures market. The interest often rises when a cryptocurrency is in an uptrend. A reversal usually happens when the OI overshoots, as it did in November and March.
Cardano Open Interest
Further confirming a potential Cardano price bull run is the fact that the funding rate has turned positive. It has jumped to 0.65, a sign that long position holders are paying a small fee to those predicting that it will fall. A positive figure provides a good ADA price forecast.
Cardano Funding Rate
ADA Price Technical Analysis: Break and Retest Hints of a Bull Run
Cardano price is also exhibiting bullish technicals. The daily chart shows that the coin has formed an inverse head and shoulders pattern, a popular bullish reversal sign.
ADA price also formed a large falling wedge pattern, which is shown in red in the chart below. This pattern occurs when there are two falling and converging trendlines. These lines are drawn by linking the lower lows and higher lows in a certain period. Cardano has now moved above the upper side of the wedge. After doing this, it has retested that trendline, confirming a potential breakout.
On top of this, it created a double-bottom pattern at $0.5212, with a neckline is at $1.1705. Therefore, the most likely ADA price forecast is where it surges and reaches the resistance at $1.1705, up by 67% from the current level.
Cardano price chart
A drop below the double-bottom pattern at $0.5212 will cancel the bullish outlook. It will also risk the coin dropping to $0.2761, its lowest level last year.
A high-stakes meeting is set to take place soon, which could be a turning point in the crypto industry. Ripple’s Executive Chairman and co-founder, Chris Larsen, is all set to meet with the new SEC Chair, Paul Atkins, on May 2, 2025.
With crypto rising as a priority under the Trump administration, the meeting could be a key development for Ripple, XRP, and the crypto industry.
BREAKING:
RIPPLE’S CHRIS LARSEN TO MEET SEC CHAIRMAN PAUL ATKINS TOMORROW, MAY 2.
Atkins, who has been the former SEC Commissioner, has already expressed his support for blockchain innovation. At a recent roundtable conference on April 25, he said that the SEC should stop holding back crypto growth and should work on developing clear, supportive rules.
What To Expect From the Meeting?
The agenda for the meeting is not confirmed yet, however, a settlement or resolution of the SEC vs Ripple case is expected. This could set a precedent for how other digital assets are treated in the future.
The possible outcomes could include clarifications on whether XRP is a security, which has been a long-debated issue. There could also be a discussion on how blockchain can improve global payments, which would increase XRP’s adoption.
The pro-crypto SEC Chair has also expressed interest in creating a regulatory sandbox for crypto, which will allow companies to test new ideas without strict rules, helping more blockchain projects grow in the U.S.
XRP ETF Approval Chances Rise to 85%
With the crypto market recovering after the recent tariff turmoil, excitement around ETFs is growing. Recently, Bloomberg ETF analyst Eric Balchunas shared a report suggesting that XRP has an 85% chance of ETF approval by the SEC in 2025.
XRP could be set for a breakout ahead. It is currently trading at $2.23, up over 3% in the past 24 hours.
The post XRP vs SEC News: Ripple’s Exec Chairman To Meet SEC’s Paul Atkins? appeared first on Coinpedia Fintech News
A high-stakes meeting is set to take place soon, which could be a turning point in the crypto industry. Ripple’s Executive Chairman and co-founder, Chris Larsen, is all set to meet with the new SEC Chair, Paul Atkins, on May 2, 2025. With crypto rising as a priority under the Trump administration, the meeting could …
Ripple (XRP) price slipped from a daily high of $2.24 to a daily low of $2.13 on May 1, as traders reacted to news around the failed acquisition of USDC stablecoin issuer Circle. This dip triggered a liquidation imbalance, as some traders with open long positions were forcefully closed, causing a surge in sell-side pressure. However, after this crash cleared key liquidation levels below the price, Ripple seems ready for a bullish recovery to $3.
XRP Price in Focus Amid Liquidation Imbalance
XRP value today stands at $2.23, as data from CoinMarketCap reveals that trading volumes have soared by 19% to $3.42 billion. After recovering above the $2.20 support level, traders are closely watching whether this altcoin could surge past $3.
XRP/USDT: 4-Hour Chart
This recent drop in XRP price caused a 1,000% liquidation imbalance according to analyst ALT4F. Data from Coinglass shows that in the last 24 hours, more than $14 million long positions on XRP were liquidated, marking the highest level in three weeks, while short liquidations came in at around $1.5 million.
XRP Liquidations
Analyst ALT4F noted that the high number of long liquidations indicates that more traders are opening long positions as they anticipate the XRP price may rally. While this long bias suggests that the bullish sentiment towards Ripple is strong, it may also have a negative impact.
Per this analysis, if Ripple plunges below $2.15 under the current market conditions where leverage is notably high, it could trigger a cascade of long liquidations that will push the price further down, and possibly cause a breach of the $2 support level.
XRP Liquidation Heatmap Hints Rally to $3 is Likely
However, if XRP breaks out from its tight trading range and pushes above $2.30, then it is likely to avert the risk posed by long traders and rally past $3. Moreover, the liquidation heatmap shows that there is a hot liquidation zone above the price at $2.34, and if XRP can get to this level, the ensuing short liquidations may spark a sustained rally towards $3.
XRP Liquidation Heatmap
As this heatmap shows, there is a cluster of liquidation levels above price, and if Ripple can rally to clear these levels, the wiped short positions could spark a surge in buying pressure and make a bullish case for the altcoin.
Ripple Technical Analysis
The XRP one-day price chart shows that the altcoin is at a pivotal point, which may explain why it has been consolidating within a tight range as traders hold positions to await a breakout.
XRP is testing resistance from the upper descending trendline of a parallel channel, and if it is successful in breaking out above $2.33, it might extend the rally to $2.61, and this will clear the way for a run up to $3.
The RSI supports this bullish thesis as it rises with higher highs, with the reading of 55 showing that the momentum is bullish. Meanwhile, the on-balance volume is still at range highs, an indication of a strong upward trend.
XRP/USDT: 1-day Chart
These technical indicators and the pending breakout support indicate that an XRP price breakout to $3 is next, and if this plays out, traders should await new highs. However, short-term fluctuations may impact liquidations, and considering the high leverage towards Ripple, a slight dip could spark a cascade of long liquidations and push the altcoin lower.
New SEC Chair:- There is so much happening in crypto and web3 as of now. The biggest gala of crypto leaders and champions is gathering at Token 2049 in Abu Dhabi.
Crypto market is turning bullish with BTC crossing $96,000 as of writing. XRP ETFs have been launched in Canada. Trade Fi and DeFi are integrating and innovating at an unprecedented pace.
Another such important happening is the sworn-in of new SEC Chair Paul Atlkins on April 21. Considered as the pro-crypto ally, he already has connections with the industry – holding around $6 million in crypto-related investments.
Atkins is serving out the remainder of former SEC Chair Gary Gensler’s term, which is set to expire on June 5, 2026.
From now, his over 1-year tenure as the chairman of the US’s top regulatory body – Securities and Exchange Commission (SEC) – will be pivotal for the crypto market and web3 industry.
Bitget CLO critically explains the impact of new SEC Chair on hottest trends of Web3, viz., Stablecoins, RWA Tokeniations, ETFs, regulatory clarity and expected legislations.
New SEC Chair to Led Path Towards Regulatory Clarity
Paul Atkins made his first public appearance as the new SEC Chair on April 25. In the first crypto roundtable, he sought for more clear crypto regulations for the web3 industry.
Bitget CLO Hon N. who has worked previously for Binance says, “Atkins is someone who has actively worked in the crypto industry. In the latest crypto roundtable, his message was regulatory clarity — and that’s what industry players really need.
Businesses are not asking for an open pass to do anything they want. Rather, we want clear guidance and no more confusion on what compliance looks like. Under Atkins’ leadership, we believe that the SEC will provide that clarity.
That clarity alone removes huge legal uncertainty and keeps innovation onshore.
He has called on the previous SEC administration for stifling innovation in the crypto industy from the last several years due to market and regulatory uncertainty.
During the roundtable speech, he has hinted changes to custody rules under the Exchange Act, Advisers Act, or Investment Company Act to accommodate crypto assets and blockchain technology. He is also working for a new crypto asset broker-dealer framework if needed.
As founder and CEO of Patomak Global Partners, new SEC Chair Atkins has advised numerous cryptocurrency exchanges and blockchain startups on regulatory strategy and compliance.
Since 2017, he is also serving as the co-chair of the Token Alliance which is a leading industry advocacy group that works to shape sensible crypto regulation. However, after taking office, he has resigned from both of these roles.
New SEC Chair Stakes in Securitize | Official Filings
With the increasing interest in crypto, there is a notable surge in ETF filings. There are a growing number of pending ETF applications with the SEC.
Nasdaq filed a Form S-1 today to list and trade shares of the 21Shares Dogecoin ETF. Bitwise’s proposal for a spot XRP ETF has entered its initial 90-day review window.
VanEck has also formally submitted a registration for a spot Avalanche (AVAX) ETF. Bitget CLO Hon N. seems bullish action likely for these applications with the new SEC Chair.
So, the SEC currently has over 70 altcoin ETF applications pending approval. And they are continuously delaying the decisions. It tells me that the Commission is likely working on a new framework for approval, says Bitget CLO Hon. from his over 18 years of experience in the legal and business fields, Paul Atkins might empower staff to grant “conditional approvals” for pending altcoin funds. He can set straightforward guardrails — like capital requirements and liquidity tests — so issuers know exactly which box to check.
However, these are assumptions — and while they might materialize, the new SEC chair has a lot on his plate, and not every single decision will be immediate.
Global ETF net sales totaled roughly $314.5 billion in Q1 2025. This was driven largely by the Big Three promoters—iShares (+$109.6 billion), Vanguard (+$104.0 billion), and Invesco (+$20.4 billion).
In 2024, the SEC initiated 33 crypto-related enforcement actions against major crypto companies including Ripple, Kraken. It imposed $4.98 billion in penalties for fraud and unregistered offerings.
Whatever rules the regulatory body makes under the new SEC chair will ultimately set the course for the web3 industry.
Bitget CLO believes, “Ideally Atkins should push Congress and his staff to tackle three core areas first. Stablecoin legislation tops the list: defining covered, fully-backed dollar tokens as payment instruments will secure consumer trust and let banking regulators step in.
Also, the tokenization framework needs clear, safe harbors for digital shares, bonds, and funds — aligning Investment Company Act requirements with modern platforms.
On stablecoins, he could deploy a dedicated Safe Harbor Pilot, allowing issuers to operate under transparent reserve‐audit and redemption rules for, say, 12–18 months while the SEC collects real‐world data.
Third, the SEC must finalize custody rules and a “special purpose broker-dealer” structure so exchanges and wallets can hold assets without jumping through hoops.
On the rule side, guidance on DeFi lending and staking will help protocols design compliant products. The Commission should also revisit crowdfunding limits to allow more projects to raise capital through transparent disclosures.
Can the new SEC Chair Solve the Hottest Debate of Disgreement
Classifying crypto assets as ‘security vs. commodity’ debate has been the most pressing debate for the US crypto market in the past five years. It has become the root cause of almost every major lawsuit the industy has witnessed.
Bitget CLO believes the new SEC Chair can extinguish this long-burning fire.
Atkins is uniquely positioned to draw a clearer line between securities and commodities. The recent guidance from the Commission’s crypto task force already treats fully-backed dollar stablecoins as non-securities and carves out other niche segments from SEC’s jurisdiction.
Building on that, I think he’ll lean on the Howey test’s focus on “investment contracts,” ensuring only tokens sold with profit-expectation marketing face securities rules. He has promised to work closely with the CFTC, banking agencies, and Congress to prevent overlap and confusion.
Ultimately, Atkins’ approach should leave true payment and commodity tokens in the CFTC’s scope, while investment-style tokens land squarely under SEC authority.
Can SEC turn from an Aversary to Friend for Web3
The new SEC chair can chart a new course of regulatory history by pionerring pro-crypto legislations in the country. His over 1-year tenure leaves the web3 companies and leaders hoping for better prospects and favourable landscape.
Bitget CLO concludes, eyeing “Atkins’ future industry roundtables on tokenization and DeFi. We’ll finally get targeted rules instead of broad fears.
While he won’t let fraud go unchecked, his focus on cost-benefit analysis and legislative fixes means the SEC will likely act more like a partner than an adversary.
In the long term, I expect him to propose joint roundtables with the FCA and EU authorities and to support global bodies like the Financial Stability Board in drafting voluntary guidelines. That collaborative stance will nudge national regimes toward a more interoperable, globally coherent rulebook.
My last advice for him would be to establish clear pilot programs. Instead of decades-long rulemakings, he could set short-term Safe Harbor Pilots with defined metrics for stablecoins, tokenized securities, and ETFs.
BREAKING:
