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3 Trump Crypto Mooning After JD Vance VP Announcement

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5 months ago

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After Donald Trump named pro-crypto senator J.D. Vance as his VP running mate, Trump crypto began mushrooming and mooning all over the space. This follows the recent attempted assassination of former president Donald Trump, which saw him strengthen his resolve to attend the Bitcoin 2024 conference in Nashville next week. These 3 Trump crypto are surging in price after the J.D. Vance announcement.

1. Trump Crypto – MAGA (TRUMP)

MAGA is a popular Trump meme coin that has existed for some time. The main idea behind the project is to use the hype around Donald Trump to raise money for charity causes in the United States. The MAGA smart contract has a 1% tax on buys, sells, and transfers, which is directed toward donations to U.S. veterans and child trafficking prevention services. Over $1.74 million has been donated since the project launched. 

TRUMPTRUMP

The price of TRUMP is down 7.1% in the last 24 hours but up 24% in the past week. Trading at $7.58, TRUMP has seen a decrease in trading volume as investors lock in profits gained over the past week. Market participants await July 25-27 for Trump’s address at the Bitcoin Conference, which may further increase TRUMP’s price.

Even though unaffiliated with Donald Trump, the cause MAGA campaigns for has been monumental in sustaining their price and value in the crypto meme coin market. As the days speed toward the November 2024 U.S. elections, a Trump win could translate into exponential gains for the asset.

2. Make America Great Once Again (MAGOA)

Make America Great Once Again is the slogan of the 2024 Republican National Convention (RNC) held in Milwaukee, Wisconsin. The convention spans 3 days, during which various members of the GOP make speeches concerning their plans for the nation if elected. 

The MAGOA token is one of the most recent Trump crypto on the Ethereum network. It was launched on July 16 and immediately took off. However, the developer burned liquidity, sold all his tokens, and abandoned the community. Since the developer left, MAGOA has soared in price, making higher highs.

MAGOA PriceMAGOA Price

The price of MAGOA is $0.00001447, a 19.9% increase in the last 24 hours. The chart looks healthy for a one-day-old project, and the liquidity is large enough to support small whales and sharks. Sitting at a $6 million market cap, MAGOA has the potential to rally 1000% from this price before even touching a $100 million market cap. 

However, in the short term, MAGOA price is trending inside a range, showing bulls are accumulating before the next leg up. A break above the zone may result in a 158% increase from the current price.

The upcoming Bitcoin 2024 conference promises to provide the much-needed hype boost to push this Trump crypto higher.

3. Fight to MAGA (FIGHT)

Shortly after the attempted assassination of former President Trump, Fight to MAGA was launched on the Ethereum blockchain. As he was escorted off the stage, Trump told everyone to “Fight”, encouraging them not to stop striving to make America great again. Taking advantage of the hype around the incident, FIGHT launched and immediately soared over 13,000% within the first 15 hours. After a day of consolidation, FIGHT again surged another 600% to hit its all-time high price of $0.08390.

Fight to MAGA - trump cryptoFight to MAGA - trump crypto
Fight to MAGA

The price of FIGHT is $0.062, a 54% increase in the last 24 hours. FIGHT has retraced 25% from ATH’s price and is currently at the 0.382 Fibonacci retracement level. This level has been tested once before in the last 24 hours, making it decent. Nevertheless, there is a fair value gap (FVG) lower around $0.045, which may act as a magnet to pull the price lower. A bounce from this level may result in a 115% surge in price to a new ATH of $0.1.

FIGHT comes at a time when the American political landscape calls for bravery and radicalness. Riding the wave of patriotism sparked by the recent assassination attempts, this token may soon surpass the $100 million mark.

Conclusion

Following the announcement of J.D. Vance as the vice presidential candidate, these three Trump-related meme coins have seen huge price surges. This rapid increase shows the volatile nature of politically-themed tokens and their sensitivity to news events. As the elections draw near, these Trump crypto may experience even more significant price swings.

Frequently Asked Questions (FAQs)

Trump crypto refers to various cryptocurrencies associated with former U.S. President Donald Trump

J.D. Vance is an American politician and senator who was choosen by Donald Trump to be his vice president running mate.

There is high likelyhood that most Trump coins will continue mooning as polls favor former president Donald Trump to win the upcoming U.S. elections.

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Evans Karanja is a content writer and scriptwriter with a focus on crypto, blockchain, and video gaming. He has worked with various startups in the past, helping them create engaging and high-quality content that captures the essence of their brand. Evans is also an avid crypto trader and investor, and he believes that blockchain will revolutionize many industries in the years to come. When he is not writing, you can find him playing video games or chasing waterfalls.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Pro Crypto Rep French Hill To Become Next Chair of House Financial Services Committee

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1 week ago

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December 12, 2024

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Pro-crypto Rep. French Hill has been selected to lead the House Financial Services Committee, succeeding retiring Chair Patrick McHenry. Hill’s appointment will shape the trajectory of cryptocurrency and financial legislation. Hill, known for supporting crypto and pushing digital asset bills, will align the committee’s work with President-elect Donald Trump’s administration.

US Rep French Hill Named Chair of House Financial Services Committee

According to recent reports, Rep. French Hill has been elected as the new chair of the House Financial Services Committee, replacing outgoing chair Patrick McHenry. Hill, an advocate for cryptocurrency and blockchain innovation, was chosen over other contenders, including Reps. Andy Barr, Bill Huizenga, and Frank Lucas.

Patrick McHenry, who announced his retirement in December 2023, played a pivotal role in advancing digital asset legislation, including the FIT21 framework and a federal stablecoin bill. Hill’s election as chair will continue the committee’s focus on these areas, ensuring regulatory clarity and cryptocurrency growth.

Moreover, the incoming administration has been highly pro-crypto, with Donald Trump promising great plans for crypto to position the U.S. as a leader in innovation. He emphasized advancing blockchain adoption, crypto mining, and regulatory developments to ensure economic dominance.

Stablecoin and Crypto Market Structure Focus

With his appointment, French Hill will advance stablecoin regulation and address the structure of the cryptocurrency market. Hill has been instrumental in introducing bills to create a robust framework for stablecoins.

More so, Hill’s pro-crypto approach aligns with the committee’s goals to boost innovation and address consumer protection and financial stability. The upcoming legislative session will focus heavily on refining these areas.

In addition to cryptocurrency legislation, French Hill has committed to investigating Operation Chokepoint 2.0. The operation campaign allegedly targets digital assets, by limiting their access to banking services. Additionally, Hill has expressed concern about politically motivated debanking practices, which he believes undermine legal businesses.

Meanwhile, Texas Rep. Giovanni Capriglione has filed a Bill to establish a strategic Bitcoin reserve, aligning with Donald Trump’s push for a Federal Bitcoin reserve. The Bill proposes Texas investing in BTC through its treasury. This includes accepting Bitcoin donations, and allowing state agencies to manage digital assets to boost the reserve.

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Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Donald Trump Proposed Crypto Advisory Council To Set Up Strategic Bitcoin Reserve

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1 month ago

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November 21, 2024

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Donald Trump plans to establish an advisory council to position the U.S. as a leader in the cryptocurrency space. The council will spearhead policy changes, coordinate with Congress on crypto legislation, and oversee the creation of a strategic Bitcoin reserve.

The advisory council will also operate under the White House’s National Economic Council or a similar executive body. Industry executives have revealed that the council will collaborate with federal agencies like the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and the Treasury to streamline regulatory frameworks for the crypto industry.

Donald Trump To Establish Bitcoin Reserve Amid Crypto Council Formation

According to a recent report, Donald Trump’s crypto advisory council will advise on digital asset policies and oversee the creation of a strategic Bitcoin reserve. The reserve aims to position Bitcoin as a core element of the United States’ economic strategy. This will enhance the nation’s leadership in the global crypto space.

The council will work with Congress to draft legislation and coordinate between agencies such as the SEC, CFTC, and Treasury. The initiative seeks to establish clear regulatory guidelines within the crypto sector. More so, the idea of a Bitcoin reserve reflects a commitment to integrating blockchain technology into national economic frameworks.

Additionally, the move comes amid rising discussions on why the United States should consider Bitcoin as part of its national reserves, particularly in light of countries like El Salvador and Bhutan already adopting it. Advocates like Anthony Pompliano stress the urgency for the U.S. to act to maintain its leadership in the evolving digital economy.

Industry Leaders Compete for Seats on Trump’s Crypto Council

Several players in the industry, including Ripple, Kraken, Coinbase, and Circle, are vying for a position on Donald Trump’s council. These companies aim to influence the administration’s approach to crypto regulation and advocate for pro-industry policies. Executives from Paradigm and Andreessen Horowitz’s crypto arm, a16z, are also expected to play key roles in shaping the council.

Ripple and Circle, represented by their executives, have already expressed interest in contributing to the council. Circle CEO Jeremy Allaire recently emphasized the importance of building a robust, crypto-friendly infrastructure under Trump’s administration. Industry leaders hope this council will bring an end to enforcement actions seen under the previous administration.

Most recently, Cardano founder Charles Hoskinson endorsed Coinbase CEO Brian Armstrong for the potential White House crypto role under Donald Trump’s administration. Hoskinson praised Armstrong’s neutrality and deep understanding of the crypto industry, emphasizing his ability to guide regulatory progress.

Meanwhile, this major push comes as the current SEC Chair, Gary Gensler, announced he is set to resign on January 20, 2025, coinciding with Donald Trump’s inauguration as U.S. President. Ripple’s CLO, Stuart Alderoty, emphasized the need for a new Chair who will establish clear rules for crypto. 

Notably, former regulators, including Heath Tarbert, former CFTC Chair and now Circle’s chief legal officer, and Brian Quintenz, a16z’s head of policy, are reportedly advising Donald Trump’s transition team. These individuals bring extensive regulatory experience to the development of the Crypto Council and its proposed Bitcoin reserve.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Gary Gensler Reaffirms Crypto Regulatory Stance Amid Resignation Calls

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1 month ago

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November 14, 2024

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Ahead of Donald Trump’s team taking office, US SEC Chair Gary Gensler has reiterated his commitment to regulating the cryptocurrency market, stating that stricter oversight is necessary to protect investors. Speaking at the Practicing Law Institute’s Annual Institute on Securities Regulation in New York, Gensler highlighted the importance of clear “rules of the road” for the industry. 

Gensler has also pointed out that many of these assets are securities and should, as such, be regulated by existing securities laws, which include the disclosure and registration rules.

US SEC Chair Gary Gensler’s Stance on Crypto Regulation

US SEC Chair Gary Gensler has argued that the cryptocurrency market needs regulatory safeguards similar to those in traditional financial markets. He emphasized that while Bitcoin is the only asset that does not fall under the category of securities, other forms of digital assets should be considered securities based on the current legal framework.

Gensler said, “Court after court has agreed with our actions to protect investors,” pointing out that the SEC is empowered to implement these laws in the crypto sector.

Gensler pointed out that most other digital assets outside of Bitcoin have yet to demonstrate clear utility and could potentially threaten investors. His comments are made just as a last attempt to build regulatory frameworks before the new Trump administration takes office, with candidates like Robinhood CLO Dan Gallagher emerging as the leading candidates to replace Gensler.

Gary Gensler Highlights SEC Accomplishments

In his speech, US SEC Chair Gary Gensler outlined some of the regulatory measures he has implemented since taking office. He mentioned new requirements for enhancing the quality of information companies provide, such as those concerning executive compensation and data breaches. 

Gensler also discussed improvements in market infrastructure, including the accelerated settlement period for stocks and stricter rules for Treasury clearing.

Besides his achievements, Gensler also mentioned that he was proud of his work at the SEC, calling it “a remarkable agency.” He thanked his colleagues and noted that the US SEC will still play a significant part in ensuring that there are proper protections for investors in the United States. Gary Gensler’s comments amid speculations that he could resign this week.

Resignation Calls and Future of the SEC

Since Donald Trump’s re-election, Gary Gensler has come under pressure to resign, including from ex-SEC official John Reed Stark. Stark, an outspoken opponent of Gensler’s regulation of the cryptocurrency industry, said that Gensler should leave the position to make it easier for the new SEC chairman to come in. 

Gary Gensler has, however, not given any signs of quitting his position despite the calls for his resignation. Some have opined that he may resign in the event that Trump appoints a new SEC chairperson with a friendly disposition towards cryptocurrencies. Donald Trump has expressed his desire to create a conducive environment for cryptocurrency, which will lead to changes in the agency’s policies and the firing of Gensler.

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Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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