AltXCrunch

08/02/24 | Trump’s Crypto Vision, Russia’s New Crypto Regulations, SEC Drops Classification Attempt, Lummis’ Bitcoin Act, Grayscale Mini Trust Launch


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In this episode of AltXCrunch, we bring you the latest in crypto news. Former U.S. President Donald Trump proposes turning the U.S. into the "crypto capital of the world" and pledges to keep all government Bitcoin holdings. He also introduced Bitcoin-themed sneakers available for purchase with crypto. In Russia, new regulations allow businesses to use cryptocurrency for international trade, aiming to bypass U.S. sanctions. Meanwhile, the SEC has dropped its attempt to classify several cryptocurrencies as securities, easing regulatory pressure on these tokens. U.S. Senator Cynthia Lummis has introduced the BITCOIN Act, aiming to create a Bitcoin reserve to support the dollar and enhance U.S. financial standing. Finally, the Grayscale Bitcoin Mini Trust begins trading on NYSE Arca, offering a tax-advantaged, cost-effective option for Bitcoin investors. Join Mackenzie on AltXCrunch for these updates and more. Subscribe and stay tuned for our next episode!

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