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How Trump Can Help Crypto on Day One

Published

5 месяцев ago

16 декабря, 2024

Dear President Elect Trump,

As the co-head of a major law firm’s digital assets practice, I am hopeful that your nominee to chair the Securities Exchange Commission (SEC) will make much-needed (and long-overdue) reforms to the way the SEC approaches crypto market regulation in the United States.

However, as you know, it will take some time for your nominee to be confirmed as SEC chair, and for him to formulate new SEC guidance and rules for the crypto industry. Bearing that in mind, I write respectfully to propose an Executive Order that you can issue—on Day One of your Presidency—to help restore American leadership in the burgeoning crypto financial system.

While other countries have raced to create regulatory clarity for crypto entrepreneurship to thrive, U.S. lawmakers and regulators have thus far refused to mold and modernize decades-old rules that were never meant to apply to this groundbreaking technology, leaving U.S. market participants adrift in a sea of regulatory ambiguity. All the while, the SEC under its current chair, Gary Gensler, has teed up case-after-case against crypto companies, projects and founders based on allegations that they violated these outmoded and anachronistic requirements, even where there are no allegations of fraud or actual harm to investors.

It should be no surprise that this regulation-by-enforcement approach has chased many of the leading innovators and businesses in the digital assets sector offshore, jeopardizing America’s leadership position in the global economy.

How to find our way again

The good news is that it’s not too late to turn things around. The current moment presents a once-in-a-generation opportunity to make America the crypto capital of the world, and harness the transformative promise that digital assets and blockchain technology hold for our country. While there are many legislative, regulatory and tax reforms that will be needed to seize this opportunity, there is one immediate action you can take—on Day One of your Presidency—to pave the way for the crypto sector’s resurgence in America.

You can issue an Executive Order on January 20 directing all federal agencies to:

1. Immediately stay all investigations, enforcement actions and prosecutions of crypto companies, projects and founders unless they involve credible allegations of (a) acts of fraud or other intentional misconduct that harms investors or other victims, or (b) conduct that threatens our national security.

2. Provide a written report to the Office of the President within 180 days detailing why the relevant agency should not immediately terminate such proceedings.

3. Promptly terminate all investigations, enforcement actions, or prosecutions of crypto companies, projects or founders that do not warrant continued prosecution.

What the proposed executive order would accomplish

This proposed Executive Order would be vitally important to undo the chilling effect on the digital assets industry that has been caused by the explosion in recent years of government enforcement litigation, including actions brought against good actors who at most did not follow outdated and inapplicable rules without causing harm to a single investor. The SEC, most notably, has extracted billions of dollars in disgorgement—a financial penalty which, several courts have held, should be used only in cases where an alleged violation of law caused pecuniary harm to victims—in victimless crypto enforcement lawsuits.

Many of these lawsuits have sought to impose draconian sanctions against legitimate crypto market participants that are providing the digital infrastructure needed for these markets to flourish in the United States. The time has come to rethink this blunderbuss approach to enforcement. The proposed Executive Order can achieve this on Day One of your Presidency.

To be clear, you have ample authority to do this. Article II of the Constitution gives the President the power to unilaterally issue such Executive Orders without legislation or regulatory rulemaking. The Justice Department’s own Office of Legal Counsel has opined that Article II empowers the President to compel all federal agencies—including independent regulatory agencies such as the SEC—to comply with executive orders, such as the one proposed here, that would apply generally to all Executive Branch agencies.

You can make America the center of the global crypto economy. The proposed Executive Order can be your first step, on Day One of your Presidency, towards achieving that goal.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

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XRP Price Surges After V-Shaped Recovery, Targets $3.40

Published

7 часов ago

18 мая, 2025

admin

Global economic tensions and regulatory developments continue to influence XRP’s price action, with the digital asset showing remarkable resilience despite recent volatility.

After experiencing a significant dip to $2.307 on high volume, XRP has established an upward trajectory with a series of higher lows, suggesting continued momentum as it approaches resistance levels.

Technical indicators point to a potential bullish breakout, with multiple analysts highlighting critical support at $2.35-$2.40 that must hold for upward continuation.

Technical Analysis Highlights

Price experienced a 3.76% range ($2.307-$2.396) over 24 hours with a sharp sell-off at 16:00 dropping to $2.307 on high volume (77.9M).
Strong support emerged at $2.32 level with buyers stepping in during high-volume periods, particularly during the 13:00-14:00 recovery.
Asset established upward trajectory, forming higher lows from the bottom, with resistance around $2.39 tested during 07:00 session.
In the last hour, XRP climbed from $2.358 to $2.368, representing a 0.42% gain with notable volume spikes at 01:52 and 01:55.
Price surged past resistance at $2.36 to reach $2.366, later establishing new local highs at $2.369 during 02:03 session on substantial volume (539,987).
Currently maintaining strength above $2.368 support level with decreasing volatility suggesting potential continuation of upward trajectory.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.

External References

«XRP price path to $3.40 remains intact — Here is why«, Cointelegraph, published May 16, 2025.
«XRP Price Watch: Bulls Eye $2.60 as Long-Term Trend Holds«, Bitcoin.com News, published May 17, 2025.
«XRP Price Explosion To $5.9: Current Consolidation Won’t Stop XRP From Growing«, NewsBTC, published May 17, 2025.

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SUI Surges After Finding Strong Support at $3.75 Level

Published

8 часов ago

18 мая, 2025

admin

Global economic tensions and shifting trade policies continue to influence cryptocurrency markets, with SUI showing particular resilience.

The asset established a trading range of 4.46% between $3.70 and $3.86, finding strong volume support at the $3.755 level.

A notable bullish momentum emerged with price surging 1.9% on above-average volume, establishing resistance at $3.850.

The formation of higher lows throughout the latter part of the day suggests consolidation above the $3.775 support level.

Technical Analysis Highlights

SUI established a 24-hour trading range of 0.165 (4.46%) between the low of 3.700 and high of 3.862.
Strong volume support emerged at the 3.755 level during hours 17-18, with accumulation exceeding the 24-hour volume average by 45%.
Notable bullish momentum occurred in the 20:00 hour with price surging 7.2 cents (1.9%) on above-average volume.
Resistance established at 3.850 with higher lows forming throughout the latter part of the day.
Decreasing volatility in the final hours suggests consolidation above the 3.775 support level.
Significant buyer interest appeared between 01:27-01:30, forming a strong support zone at 3.756-3.760 with exceptionally high volume (over 300,000 units per minute).
Decisive bullish reversal began at 01:42, establishing a series of higher lows and higher highs.
Breakout above 3.780 occurred at 01:55, followed by consolidation near 3.785 with decreasing volume.

External References

«Sui price up 5.16% intra-day: bullish structure remains strong«, crypto.news, published May 16, 2205.
«SUI Set to Explode, But Don’t Sleep on XRP and Other Altcoins«, CoinPedia, May 16, 2025.

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Dogecoin (DOGE) Whales Accumulate 1 Billion DOGE Amid Critical Support Formation

Published

8 часов ago

18 мая, 2025

admin

Geopolitical tensions and evolving trade policies continue to influence cryptocurrency markets, with Dogecoin showing resilience amid broader economic uncertainty.

Despite macroeconomic headwinds, DOGE has maintained support above key moving averages while forming a potential bull flag pattern that could target $0.35 if validated by continued buying pressure.

Technical Analysis Highlights

DOGE experienced significant volatility with a 4.3% range (0.211-0.220) over the past 24 hours, forming a key support zone around 0.212 validated by high volume rebounds at 13:00 and 22:00.
The price action reveals a bullish recovery pattern from the 16:00 low, with resistance emerging at 0.217-0.220.
The 20:00 candle’s strong volume surge above the 24-hour average confirms renewed buying interest, suggesting potential upward momentum if DOGE can maintain its position above the established support level.
In the past hour, DOGE has demonstrated significant bullish momentum, climbing from 0.215 to 0.216 with notable volume spikes at 01:17, 01:21, and 01:54-01:55.
The price established a strong support zone around 0.215 during the early minutes, followed by a decisive breakout at 01:16-01:17 where volume surged over 8 million.
The uptrend continued with higher lows forming a clear ascending pattern, culminating in a new resistance test at 0.216-0.217 range.
The final minutes saw particularly heavy trading activity with volumes exceeding 7 million at 02:01-02:02, confirming strong buyer interest and suggesting potential for further upside movement.

External References