Ripple's donations to Donald Trump, Russia's crypto platform for investors, crypto firms pursuing U.S. banking licenses, DeGods' trading surge, and Kyrgyzstan's collaboration with Binance highlight the latest developments in the cryptocurrency space. Taken together, these events are indicative of a larger, more dynamic shift in the global landscape of digital assets adoption and regulation.
Ripple’s donation of millions to Donald Trump just before the SEC decided to go easier on the company has left many scratching their heads. The contribution further raises eyebrows in light of a change in the regulatory landscape, raising questions and concern about possible undue industry influence.
In related news, Russia is apparently working on a new high-end crypto trading platform reserved only for wealthy foreign investors. This decision points to Russia’s desire to access the expanding digital asset market in the face of global regulatory ambiguity.
In fact, a handful of large cryptocurrency companies are currently angling for their own U.S. banking licenses. This ongoing effort seeks to bridge the divide between legacy finance and the fast-moving world of digital assets. This would go a long way to encourage massive mainstream adoption.
DeGods, an Ethereum-based NFT project, is witnessing a spike in trading volume. The collection reached a weekly 156% increase and had a 30-day volume increase of more than 300%, surpassing $250,000.
Rohun Vora, aka “Frank,” found himself in similar shoes when he officially stepped down as the founder of DeGods, leaving leadership to 0x_chill and Pastagotsauce.
"There was nothing behind the scenes other than a desire for change." - Rohun Vora
"DeGods appears to be entering a new phase—without its original founder, but with momentum and ambition on its side." - Alexander Stefanov
In March, Kyrgyzstan’s Ministry of Digital Development announced its collaboration with Binance to encourage cryptocurrencies for payments and provide crypto education in the country. This kind of collaboration is an important indicator of the increasing interest and efforts to use digital currencies to improve economic development and promote financial inclusion.
