Alex Thorn, head of research at Galaxy, highlighted the potential impact of the upcoming Senate Banking Committee vote on the crypto market structure bill. Scheduled for January 15, the vote currently stands at 53 to 47, with 60 votes needed for passage. Thorn noted that Republicans require support from 7-10 Democratic senators to succeed. The bill addresses key issues such as DeFi classification under anti-money laundering rules, stablecoin reserve yields, non-custodial developer protections, and the SEC's authority over token issuance. Thorn emphasized that passing the bill could significantly boost cryptocurrency adoption, while failure might dampen market sentiment despite minimal impact on industry fundamentals.
Galaxy Research Director: Crypto Bill Passage Could Boost Prices
This content is for informational purposes only and does not constitute investment advice.
SuperEx Popular Science Articles Column
This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.
Unstaked related news and market dynamics research
Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.
XRP News and Research
This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.
How do beginners trade options?How does option trading work?
This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.
What are the risks of investing in cryptocurrency?
This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.