Best Crypto to Buy Now as SEC Ponders over Temporary Crypto Regulations to Provide Relief
Mark Uyeda, the acting chairman of the SEC, said in a roundtable that the SEC is currently considering the possibility of a temporary crypto regulatory framework. This would provide intermittent relief to crypto firms.
While a long-term solution is still under work and may take a few months to come to fruition, an exemptive relief may just be the way forward.
Read on as we discuss the implications of this positive legislative move and how the best crypto to buy now can help you benefit from it.
A State-Wise Crypto Regulation Not Ideal
In the same round table discussion, which included representatives from firms like Uniswap, Coinbase, and Cumberland DRW, Uyeda said that state-wise crypto regulations can be regressive for the industry.
It may lead to a patchwork of state licensing regimes. Ideally, market participants should operate under a single central SEC license instead of complying with 50 different crypto regulations in the same country.This hints that the crypto regulations may be framed at a federal level, with minimum state participation. This is great news for crypto service providers, as they will be able to operate with minimum legal compliance.
$BTC Holds $82K Amidst Positive Inflation Numbers
Besides positive crypto regulations, the overall macro US economy is also showing signs of reversal.
The US Producer Price Index (PPI) stood at 2.7% as against the expected 3.3% mark. This is the first month-over-month PPI decline since March 2024.
$BTC held its highs of $82K amidst this positive news. Its currently trading at over $85K.
Another $BTC positive is the US Dollar Index (DXY), which measures the performance of the dollar against a basket of partner currencies.
For the first time, DXY has fallen below the 100 mark since 2022. Traditionally, a lower DXY is bullish for $BTC.
The last time DXY fell this low, it led to a parabolic $BTC bull run that lasted 12 months. Now, the divergence on the DXY chart suggests it can fall to 90 as well, which is, again, positive for $BTC.
With both factors charts and regulations looking bullish there may not be a better time to invest in crypto markets. Here are some top altcoins you should be looking at now.
1. BTC Bull Token ($BTCBULL) Best Crypto to Buy Right Now
Crypto is indeed finding momentum again. Just take a look at Bitcoin. Its bouncing almost perfectly off of the 50 EMA on the weekly chart.
On the short-term 4-hourly chart, too, $BTC is positive. Its now trading above the 10, 20, and 50 EMAs, signifying a change in trend.
If youre backing Bitcoin to rise higher and want to make the most of its climb, consider becoming an early investor in BTC Bull Token ($BTCBULL).
Its a new cryptocurrency that stands apart due to its unique reward system. Unlike other cryptos, BTC Bull Token will give free $BTC to its token holders.
Holders of $BTCBULL who store their tokens in Best Wallet will automatically receive real $BTC every time the King Crypto reaches a new landmark, such as $150K, $200K, $250K, and beyond.
Furthermore, its also slated to follow a deflationary model. By shaving off a portion of the total $BTCBULL supply every time Bitcoins price rises by $25K, the developers plan to boost the tokens demand and price.BTC Bull Token is currently in presale, which is why you can grab each token for just $0.00246.
Speaking of the project, it has gotten off to an impressive start. It has already raised over $4.5M at the time of writing and is likely to continue attracting investors. Heres how to buy $BTCBULL.
2. SUBBD Token ($SUBBD) Brand-New Altcoin with a Fresh Prospect for the Creator Industry
SUBBD Token ($SUBBD) is easily among the best cryptos to invest in right now, seeing as its a revolutionary AI-crypto project aiming to streamline the $85B online content creator industry.
SUBBD is coming out with a new AI-powered crypto subscription platform that will offer a bunch of AI tools to online creators to help them streamline content creation, management, and distribution.
Next, by allowing the fans of these creators to use their $SUBBD tokens to subscribe to exclusive content, SUBBD aims to strengthen the relationship between the creators and their audiences.
Moreover, $SUBBD, which is the primary mode of payment on the SUBBD platform, can be used to chat directly with the creators, get subscription discounts, vote on which features are prioritized and which creators get onboarded, etc.Whats more, early buyers of $SUBBD can also stake their tokens and earn a decent 20% APY for the first year.
You can buy $SUBBD for just $0.05515 if you get in now. The project, though new, has attracted substantial investor interest. It has already raised over $150K so far.
3. Broccoli ($BROCCOLI) Trending Meme Coin Based on the Pet Dog of Binances Ex CEO
$BROCCOLI is one of the very few meme coins that managed to surge in the recently downward-sloping crypto market.
Inspired by the pet dog of Binances Changpeng CZ Zhao, Broccoli is proof that crypto degens capacity to back a coin to the hilt shouldnt be underestimated.
The token has gained over 1,150% since its launch in February, and after a long-drawn slump, its now back among the top trending cryptos.
Having climbed more than 100% in just the last seven days, $BROCCOLI has broken out of the $0.23 resistance level. Its currently trading at $0.27 and looks more than likely to be the next crypto to explodeagain!
Bottom Line
Even though the US government is clearly in love with crypto, as its pushing for favorable regulations, its worth remembering that it doesnt guarantee any returns, especially in the short term.
Any amount of analysis is at the mercy of the markets volatility. This is why its important to only get into crypto with an amount thats small enough for you.
Also, we always urge our readers to do their own research before investing. None of the above is financial advice, at the end of the day.
Text source: NewsBTC
