#DigitalAssetBill The Financial Innovation and Technology for the 21st Century Act ("FIT21") is the most comprehensive digital asset bill in U.S. history.
It passed the House in May 2024 with bipartisan support.
Now it’s gaining momentum in the Senate with a pro-crypto administration backing its passage.
$ACT owned by Binance 553,893,106.67 coins. With this, Binance is the largest holder of ACT. There are several investors who also own ACT up to 100M and above. Therefore, there is only a little left in the market, around 100M that is traded on more than 100 exchanges. What do you think, are you interested?
#StablecoinPayments For the first time ever, the Treasury Borrowing Advisory Committee discusses stablecoins as a "new payment mechanism" and a potentially huge source of demand for US T-Bills.
Key observations:
1. Stablecoin issuers currently hold >$120bn in T-bills 2. Rapid growth in stablecoins could lead to incremental demand of ~$900BN for T-Bills (size of Bill market today is $6.4TN). 3. If stablecoins experience exponential growth, demand for USTs should be correlated, likely at the expense of bank deposits 4. Stablecoins could grow to $2 trillion by 2030 in response to "continued market and regulatory breakthroughs." 5. Stablecoins could disrupt traditional banks by drawing away deposits.
A Bunch of SAD TOKENS to AVOID‼️You can’t make any good CASH with these token. If you’re holding them, SELL;
1️⃣ PEPE ; $1 invested will give you over 200,000 tokens. Okay so your prayer is that, PEPE with Trillions of circulating supply more than the entire crypto market and depends solely on a certain community support will make you RICH? WAKE UP!
2️⃣ FLOKI; This isn’t different from PEPE in any way, shape or form and I’m not buying. But for short term gain, $FLOKI is better than PEPE. During the recently bull run, FLOKI made about 95% profits from the 3weeks low, while PEPE only did nearly 40%.
Again, FLOKI has a better total supply of 10 Trillion whiles PEPE has a massive 421 Trillion. Although PEPE has a better Market Cap, the actual pump of the price lies in the Circulating Supply.
To calculate the price of a crypto, you divide the market cap by the circulating supply. So PEPEs massive 421 TRILLION is working against it.
3️⃣ BTTC; This is actually a very good, real life project but, when it comes to becoming RICH in crypto, it’s not just about the project. The token supplies matter. In fact $BTTC has a massive total supply of 990 Trillion, more than 2x of PEPE. What a waste of time. During the recent bull run, BTTC made just about 20% gain.