Crypto Regulation Takes Center Stage: Senator Tim Scott Outlines Priorities For 119th Congress

As President-elect Donald Trump prepares to assume office, the focus on crypto regulation is intensifying among lawmakers, signaling a marked departure from the previous administration’s approach to digital assets . Crypto Regulation In New Congressional Agenda In a recent announcement , Chairman Tim Scott (R-S.C.) unveiled the legislative and oversight priorities for the US Senate Committee on Banking, Housing, and Urban Affairs, with a clear emphasis on developing a robust regulatory framework for digital assets. “My goal for this Congress is simple: make America work for Americans,” Scott stated. He stressed the need for comprehensive solutions to the pressing issues facing the nation, from addressing federal housing policies to enhancing economic security. As the 119th Congress begins, Scott expressed his eagerness to collaborate with the Trump administration and his colleagues to foster financial inclusion and create opportunities nationwide. “The American people gave Congress a mandate – let’s get to work,” he concluded. Central to Scott’s priorities is the establishment of a regulatory framework for crypto assets. Under the leadership of former Securities and Exchange Commission (SEC) Chair Gary Gensler, the Senator said that the agency was criticized for its lack of clarity regarding cryptocurrency regulations, which many believe has driven innovation and projects overseas. Moving forward, the Banking Committee aims to create a tailored pathway for the trading and custody of digital assets that promotes consumer choice, education, and protection while ensuring compliance with relevant Bank Secrecy Act requirements. Digital Assets Subcommittee Under Tim Scott In a significant move, the Senate Banking Committee also announced last week the creation of its first-ever subcommittee dedicated to digital assets. This initiative underscores the commitment of Senate Republicans to prioritize cryptocurrency legislation and fulfill Trump’s campaign promise of positioning America as the epicenter of the global crypto market. The establishment of this subcommittee is one of Scott’s initial actions as Chairman, reflecting a proactive stance toward financial innovation. Scott is looking to replicate the success of the digital assets subcommittee formed in the House of Representatives by former Congressman Patrick McHenry in 2023. That committee made history by passing the “FIT21” bill, which aimed to establish a regulatory framework for digital assets. With the bill still pending a debate and vote in the full House, its advancement to the Senate could pave the way for comprehensive regulatory measures. To lead the new subcommittee, Scott has tentatively selected Senator Cynthia Lummis from Wyoming, a vocal advocate for Bitcoin, pending an approval vote in the coming days. Lummis’s selection signifies a commitment to fostering an open-minded environment for innovative financial technologies and digital asset products, including stablecoins , aimed at enhancing financial inclusivity. At the time of writing, the market’s leading cryptocurrency, Bitcoin, is trading at $99,200, up 3.3% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com

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XRP – SEC update: Agency files appeal after Ripple’s ‘waste of taxpayer money’ criticism

Could Ripple's resilience against the SEC point to a turning point for crypto enforcement policies?

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AI Identifies 1 Undervalued Token That Will Surpass Solana (SOL), Cardano (ADA), and Ripple (XRP) by 2025

Investors who got in early on key tokens like Solana, Cardano, and Ripple have seen remarkable returns thanks to the rapid growth of the cryptocurrency market. For those who missed these opportunities, Rexas Finance (RXS) presents an even greater potential for 2025. Leveraging AI, Rexas Finance is set to outperform the major players in the industry. Solana: A Robust Player with Growth Potential Ranking fifth in market cap, Solana is priced around $212.53 as of January 5, 2025, marking its place among the top cryptocurrencies. Despite a 1.22% drop over the last day, it showed a positive trend for the week with a 10.24% increase. With a market cap of $102.66 billion and 483 million SOL tokens in circulation, analysts predict Solana could hit $166 to $555 in 2025, with an average price forecast of $450. If Solana reaches $450, that would mean a 111% rise from its current value of $212.53. Cardano: Continues to Show Promise Cardano has garnered a devoted community, trading at $1.09.01 on January 5, 2025. Its monthly performance shows a slight dip of 1.70%, but over the past year, the currency has surged by 98.72%. With a $38.26 billion market cap, experts have varied predictions for 2025, ranging from $0.71 to $2.22, with some optimistic forecasts reaching $2.95. If Cardano hits the top of this range, its current price of $1.09 would increase by 171%. Ripple: Overcoming Regulatory Challenges with a Promising Horizon As of January 5, 2025, Ripple's XRP trades at $2.37, showing a slight 2.07% decrease in the last 24 hours. With a market cap of $136.23 billion and a supply of 57.41 billion tokens, XRP remains a strong contender. Analyst projections for XRP in 2025 are promising, with some expecting it to reach $5.00, a 111% increase from its current price. Though Ripple faces regulatory hurdles that might slow its progress, the potential for substantial growth remains. While these tokens have been rewarding, a new token is emerging that promises to outshine them all. Rexas Finance (RXS): The Upcoming Altcoin to Lead the Market Rexas Finance (RXS) is set to make waves with its innovative approach to tokenizing real-world assets (RWA). AI predictions suggest that while Solana, Cardano, and Ripple have shown steady growth, Rexas Finance is on track to surpass them in 2025. The platform offers a unique opportunity for users to buy and sell fractional ownership of tangible assets like real estate, gold, and collectibles with just one click. This groundbreaking strategy sets Rexas Finance apart. Launched in a presale in September 2024 at just $0.030 per token, Rexas Finance has seen a 483% increase, reaching $0.175. The presale generated $36,576,646, with 399,721,409 tokens sold, reflecting strong demand and investor confidence. A Certik audit has bolstered trust by ensuring the platform's security and reliability. In the 2025 bull market, AI forecasts an astounding 10,000% price surge for Rexas Finance. Its successful presale and innovative use case position Rexas Finance to become a major player in the asset tokenization sector. With its growing community and strategic partnerships, it represents an appealing investment for those looking to capitalize on the next big trend in cryptocurrencies. Future Prospects for Rexas Finance Building on its presale success and ongoing growth, Rexas Finance is primed for an exciting 2025. As RXS prepares for major exchange listings, the cryptocurrency is expected to gain more liquidity and visibility, which could attract further investor interest. Analysts predict Rexas Finance will outpace competitors like Solana, Cardano, and Ripple, delivering impressive returns for early investors. If you missed out on opportunities with Solana, Cardano, and Ripple, now is the time to explore Rexas Finance. With its innovative real-world asset tokenization approach and strong presale performance, RXS could be the next cryptocurrency to eclipse the competition, offering substantial gains in 2025 and beyond. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.

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AI Spots 1 Undervalued Token That Will Outshine Solana (SOL), Cardano (ADA) and Ripple (XRP) in 2025

Early investors in important tokens such as Solana, Cardano, and Ripple have achieved amazing gains in recent years due to the explosive expansion of cryptocurrencies. But if you pass over these chances, Rexas Finance (RXS) offers a token with even more promise in 2025. AI helps us recognize that Rexas Finance is positioned to surpass even the biggest participants in the market. Solana: A Solid Performer with Room for Growth With a market capitalization ranking fifth, Solana—trading at about $212.53 as of January 5, 2025—has confirmed itself among the best cryptocurrencies. Although the currency declined 1.22% over the past 24 hours, its performance over the past week seems positive—a 10.24% increase. With a market value of $102.66 billion and 483 million SOL tokens in circulation, analysts estimate Solana might reach between $166 and $555 in 2025, with an average price projection of $450. Regarding price rise, Solana would represent a 111% rise from its present price of $212.53 should it reach the targeted price of $450. Cardano: Still a Promising Project Cardano has attracted a sizable following. On January 5, 2025, ADA was trading at $1.09.01. While its most recent monthly performance indicates a minor drop of 1.70%, the currency has shown a consistent 98.72% rise over the past year. With a market capitalization of $38.26 billion, experts offer different estimates for 2025. Prices are predicted to run from $0.71 to $2.22. A few even forecast an optimistic $2.95 price objective. If Cardano reaches the top end of this range, its price of $1.09 would grow by 171%. Ripple: Regulatory Hurdles and a Bright Future Ripple's XRP token is trading at $2.37 as of January 5, 2025, reflecting a slight 2.07% decline in the past 24 hours. Comprising a market capitalization of $136.23 billion and a circulating quantity of 57.41 billion tokens, XRP has stayed a top competitor in the industry. XRP's performance in 2025 excites analysts; some estimates place the coin at $5.00, a 111% rise from its existing price. Although Ripple's regulatory conflicts could slow down its momentum, its potential for notable increase still exists. Although these coins have given outstanding returns, another token is in development that will surpass all others. Rexas Finance (RXS): The Next Big Altcoin Set to Outshine the Market Rexas Finance (RXS) is prepared to shock the market with its novel real-world asset (RWA) tokenization approach. AI forecasts show that although Solana, Cardano, and Ripple have steadily increased, Rexas Finance is poised to surpass them in 2025. With just one click, the initiative provides a special platform whereby users may purchase and sell fractional ownership of real-world assets such as real estate, gold, and collectibles. This groundbreaking concept places Rexas Finance in a league of its own. Rexas Finance began its presale in September 2024 at just $0.030 per token. Since then, the token price has skyrocketed by 483%, reaching $0.175. The presale, which raised $36,576,646, saw strong demand and investor interest, as 399,721,409 tokens were sold. The Certik audit of the project has increased confidence by guaranteeing the platform's security and dependability. In the 2025 bull run, artificial intelligence projects Rexas Finance to achieve an incredible 10,000% price rise. With its great presale success and creative application case, Rexas Finance is positioned to become a significant participant in the asset tokenizing scene. Its expanding community and strategic alliances make it a tempting investment for those trying to profit from the next great wave in cryptocurrencies. The Road Ahead for Rexas Finance Rexas Finance is ready for an interesting 2025 based on its presale performance and ongoing expansion. The RXS cryptocurrency will probably experience more liquidity and visibility as it gets ready for significant exchange listings, which would inspire even more investor interest. For early investors, analysts estimate Rexas Finance will surpass rivals, including Solana, Cardano, and Ripple, and yield amazing profits. If you passed over the chances with Solana, Cardano, and Ripple, now is the time to examine Rexas Finance. With its creative approach to real-world asset tokenization and outstanding presale performance, RXS might be the next cryptocurrency to surpass the competition and provide enormous gains in 2025 and beyond. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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Solana (SOL) Positioned to Drive the Next Crypto Surge

With Bitcoin's price flirting with the $100,000 mark, we might be on the brink of the bull market's next phase. Solana (SOL), among altcoins, seems ready to spearhead this upcoming rally. $SOL Struggles to Surpass Resistance Source: TradingView The weekly chart for SOL/USDT highlights a bullish outlook for $SOL. Currently, it is challenging a significant horizontal resistance at $202. Turning this level into support is crucial for further upward movement. The candle's long wick dipped to the 0.618 Fibonacci level of this entire upward trend, indicating a robust point for a rebound. Furthermore, the Stochastic RSI at the chart's bottom appears even more optimistic. A crossover of the fast blue line above the slow red line suggests strong upward price momentum is near. This will be confirmed if both lines exceed the 20.00 level by the week's close. $SOL Revisits Key Support on the $BTC Pair Source: TradingView Considering the dollar's poor performance against tangible assets, the SOL/BTC chart arguably holds more significance. Recently, $SOL tested the critical horizontal support at 0.00186 BTC. A minor descending trendline might soon be broken, and bulls will aim to overcome the major descending trendline that began in September 2021. Again, the Stochastic RSI is in $SOL's favor. From a bearish standpoint, if the primary bull market support breaks and confirms downward, $BTC could regain its lead. $SOL Rebounds from Strong Horizontal Support on $ETH Pair Source: TradingView Solana is also eyeing Ethereum's spot as the second-largest cryptocurrency after Bitcoin. The weekly SOL/ETH chart makes this ambition clear. In September 2024, $SOL broke out against $ETH, climbed higher, and has now revalidated a substantial horizontal support level. The next anticipated move is a fresh high for SOL/ETH. The Stochastic RSI at the chart's bottom seems to support this outlook. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Solana (SOL) Poised to Lead Next Major Crypto Rally

As the Bitcoin price continues to play with the $100,000 level, the next stage of the bull market could soon be upon us. Among the altcoins, Solana (SOL) is poised to lead this next rally higher. $SOL battles to break resistance Source: TradingView The SOL/USDT weekly chart shows just how bullish things are looking for $SOL. Currently fighting to get above the major horizontal resistance at $202, it can be seen just how important flipping this level into support will be. The long wick under this weekly candle went all the way down to touch the 0.618 Fibonacci for this entire uptrend. This is deep enough to be very healthy, and thus a great level to bounce from. However, even more bullish is the Stochastic RSI at the bottom of the chart. The cross of the fast blue indicator line over the slow red indicator line signals that strong upward price momentum is close. This will be confirmed if both lines are above the 20.00 level at the close of this week. $SOL retests strong support against $BTC pair Source: TradingView Given how badly the dollar is doing against real assets, the SOL/BTC chart is arguably much more important. Here it can be seen that $SOL recently tested the extremely important horizontal support at 0.00186 BTC. A minor descending trendline could be about to be breached, and then bulls would look to break through the major descending trendline that started back in early September 2021. Once again, the Stochastic RSI is very much in favour of $SOL. From the bear’s perspective, if the major bull market support level breaks downward and is confirmed, $BTC will once again become the faster horse. $SOL bounces from major horizontal support against $ETH pair Source: TradingView Solana is also after Ethereum’s position as the number 2 cryptocurrency behind Bitcoin. The weekly SOL/ETH chart puts this in plain perspective. The $SOL price broke through against $ETH in September 2024, went higher, and has now successfully retested what has become an enormously strong horizontal support level. A new high for SOL/ETH is the next likely move. The Stochastic RSI at the bottom of the chart would appear to support this thesis. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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AnchorZero’s Roth IRA Shields Pre-Listing Tokens from Capital Gains Taxes

A crypto-focused Roth IRA provider is targeting crypto project founders, employees, and early investors with a strategy to make the most of their pre-launch and pre-listing tokens. On Jan. 14, AnchorZero launched a crypto Roth IRA that can accept token warrants and token generation event (TGE) tokens in order to protect against capital gains taxes. It also handles on-chain operations like staking and governance. A Roth IRA is a special type of individual retirement account that offers tax-free growth and tax-free withdrawals in retirement, provided certain conditions are met. Unlike traditional IRAs, Roth IRAs are funded with after-tax dollars, meaning taxes are paid on the money before it’s contributed to the account. Standard Roth IRAs don’t accept cryptocurrency, but some specialized ones do. However, they all require exchange-listed tokens, AnchorZero said. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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Tron (TRX) Sees 6% Surge Amid USDD 2.0 Excitement While Other Altcoins Show Mixed Trends

The cryptocurrency market is experiencing notable momentum, with TRON (TRX), Jupiter (JUP), and Sonic (formerly FTM) emerging as top contenders today. Market capitalization has surged by 3.38%, igniting interest in

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Shiba Inu (SHIB) Awaits 64 Trillion Level: Massive Accumulation

Thankfully, large support zone is just below current price level

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Dogecoin Shows Bullish Signs, Ethereum Targets $6K, Lightchain AI Unveils New Platform

The cryptocurrency scene is buzzing with noteworthy progress among top projects. Dogecoin is displaying a bullish pennant pattern, hinting at potential upward movement. Concurrently, Ethereum is aiming for the $6,000 milestone as its ecosystem continues to grow. Adding to the excitement, Lightchain AI has introduced its cutting-edge platform, which promises to transform blockchain and AI integration. These three ventures are drawing investor interest due to their distinctive opportunities and promising growth prospects. Dogecoin’s Bullish Pennant: Meme Coin on the Rise? Recently, Dogecoin (DOGE) has shown a bullish pennant pattern, a technical signal suggesting potential upward momentum. This pattern often precedes substantial price increases, indicating that DOGE might be on the verge of further gains. Experts have noticed that Dogecoin's price has broken out of this pattern, indicating a potential continuation of its upward trajectory. Such breakouts can lead to significant rallies, with some forecasts predicting a rise to $1.30 or even higher. Nonetheless, it's vital to consider broader market dynamics and investor sentiment, as these can affect the sustainability of this momentum. As always, investors should perform in-depth research and remain cautious when making investment decisions. Ethereum's Ambition for $6K: Smart Contract Leader Holds Firm Ethereum (ETH), the dominant smart contract platform, is on track for notable growth, with projections suggesting it might reach $6,000 by 2025. This optimism is driven by Ethereum's leadership in decentralized applications (dApps) and decentralized finance (DeFi), holding more than 49% of the smart contracts market. The shift to Ethereum 2.0, which introduces a proof-of-stake consensus mechanism, is designed to boost scalability and sustainability, further strengthening its market position. Moreover, the anticipated rollout of Ethereum-based exchange-traded funds (ETFs) is expected to draw in considerable institutional investment, potentially pushing ETH prices higher. However, some analysts have moderated their expectations, arguing that the $6,000 target might be unrealistic in the current cycle due to factors like decreased ETF inflows and selling pressure. Currently, Ethereum's price hovers around $3,012, reflecting a dynamic market shaped by technological advances and investor sentiment. Lightchain AI's Platform Launch: Ushering in a New Era for Blockchain and AI Amid the excitement around Dogecoin and Ethereum, Lightchain AI is making its mark with the official launch of its innovative platform. This project merges blockchain with artificial intelligence, opening up new possibilities for decentralized applications. Lightchain AI emphasizes enabling collaborative AI model development, allowing nodes to engage in training and inference tasks securely and in a decentralized way. The launch follows a successful presale where Lightchain AI raised over $10.9 million at a token price of $0.00525. This momentum underscores the platform's potential to disrupt traditional AI and blockchain sectors by addressing inefficiencies and enabling real-world applications across industries like healthcare and logistics. Triple Opportunity for Investors For investors, the crypto market presents varied opportunities through these three notable projects. Dogecoin’s bullish pennant might result in significant short-term gains, attracting traders eager to benefit from market volatility. Ethereum's solid fundamentals and ecosystem expansion make it a dependable option for long-term investors seeking stability and gradual appreciation. Meanwhile, Lightchain AI represents the future of innovation in blockchain. With its emphasis on decentralized AI, collaborative development, and practical utility, it offers a unique investment opportunity for those looking to diversify into cutting-edge technologies. If you missed out on the early stages of Ethereum or Dogecoin, then Lightchain AI offers a promising 100x opportunity. So, join the presale now before it concludes! https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://x.com/LightchainAI https://t.me/LightchainProtocol Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.

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