According to Coinbase CEO Brian Armstrong, there is a high likelihood that a long-awaited US crypto market structure bill will pass by the end of the year. This bill is being developed with the goal of establishing a clear regulatory framework for digital assets, including cryptocurrencies and tokenized assets.
The legislation is currently experiencing some political gridlock as Senate Democrats and Republicans finalize the last few pieces. Armstrong stated via X, "DC may be shut down, but momentum for market structure clarity is at an all-time high. I sat down with Senate Democrats and Republicans who want to get this done – we’re 90% there."
The remaining 10% of the bill that has not yet seen mutual agreement between the two political parties focuses on two key points of contention: how stablecoin rewards should be protected for users, and how decentralized finance (DeFi) should be treated. Armstrong indicated that Coinbase is actively pushing lawmakers on these matters, urging them to keep traditional regulatory oversight away from crypto.
In his X post, Armstrong also warned that "big-money banks are eager to block crypto users from earning legitimate stablecoin rewards and are notoriously crafting a cash grab." He emphasized that as the crypto market structure bill represents a major step forward for the industry, it should not be limited by the idiosyncrasies of traditional finance players who may hinder progress. Armstrong expressed hope that the bill would be out of Committee by Thanksgiving, suggesting that this could lead to significant rallies in the crypto market by the end of the year.
Promising Cryptocurrencies to Consider
With momentum building around regulatory clarity, investors are eyeing specific cryptocurrencies with the potential for above-average gains.
Snorter Token ($SNORT) aims to level the playing field for meme coin traders, who have often been disadvantaged by advanced algorithms and tools used by larger players. The new Snorter Bot is designed to allow everyday traders to participate in early, volatile, and potentially profitable meme coin rallies.
Once launched, Snorter will enable users to place buy/sell limit or stop orders before liquidity arrives in a token, automating the process of entering trades at opportune moments. The platform also incorporates safeguards against common risks such as front-running, rug pulls, honeypots, and sandwich attacks, ensuring a more secure on-chain trading experience.
A notable feature is the copy trading functionality, which allows users to automatically mirror the trades of experienced traders, potentially benefiting from their strategies. The Snorter Bot is designed for ease of use, with all operations, from order placement and portfolio management to toggling copy trading, accessible directly through its native Telegram chat.
The presale for Snorter Token has concluded, having raised $5.5 million. However, $SNORT is still available for purchase at its pre-listing price of $0.1083. Additionally, token holders can stake their tokens to earn a 102% APY. This offer is time-limited, ending in less than three days, after which the token price is expected to increase.
SUBBD Token ($SUBBD) is the native token for a subscription-based online content platform designed to transform the creator industry through automation, simplicity, and enhanced accessibility. Unlike traditional platforms that often charge high fees and offer limited support, SUBBD provides creators with a suite of AI tools.
These AI tools include generators for audio, video, voice, and profiles, enabling creators to streamline content production, management, and distribution. This efficiency allows creators more time to engage meaningfully with their audiences and build stronger connections.
Holding $SUBBD unlocks the full potential of the platform. Holders can access premium content, tip their favorite creators, and send personalized content requests. They also receive frequent discounts on content and subscriptions, early access to beta features, and voting rights on creator onboarding. Furthermore, staking $SUBBD offers a fixed 20% APY for the first year and grants exclusive access to creator livestreams, behind-the-scenes content, and offerings from SUBBD’s top talents.
The SUBBD Token is currently in its presale phase, having already raised over $1.28 million from early adopters. Each token is priced at $0.056775.
BNB ($BNB) has recently experienced a significant surge, gaining over 6.5% in the past three days. The cryptocurrency is now positioned to continue its bullish momentum throughout the year, with potential to surpass its all-time high of $1,375.
A key factor driving market optimism for BNB is recent news concerning Binance founder Changpeng "CZ" Zhao. He was reportedly issued a presidential pardon by Donald Trump. This development follows CZ's guilty plea to violating US money laundering laws, for which he was sentenced to four months in prison in April 2024.
White House Press Secretary Carolyn Leavitz commented on the situation, stating that the case was "overly prosecuted by the Biden administration" and characterized it as a "war on cryptocurrency."
In addition to these fundamental developments, BNB is also benefiting from strong technical indicators. The support level around $1,050 is proving significant, with the recent price bounce originating from this area. This level also coincides with the 50-day exponential moving average, reinforcing the narrative that BNB is poised for further rallies this year.
Interested investors can purchase BNB through leading exchanges at its current price, which is approximately $1.1K.