Best Crypto to Buy Now 20 April – BTT, RNDR, TRX
Coinbase CEO Brian Armstrong has voiced concerns over the lack of regulatory clarity in the United States, a development that has fed into increasing questions about the future of cryptocurrencies in the country.
But how might this regulatory ambiguity affect the selection of the best cryptos to buy now?
Speaking at a London-based fintech event, Armstrong suggested the company might consider relocating if the situation doesn't improve.
He emphasized the potential of the U.S. as a significant market for cryptocurrencies, but the absence of clear regulations is proving to be a hindrance.
Meanwhile, Coinbase's stock experienced a 4.19 % decline on Wednesday as cryptocurrency values weakened.
SEC Chair Gary Gensler defended the regulator's measures against crypto companies during a House Financial Services Committee meeting on Tuesday.
Gensler stated he had never seen an industry with such noncompliance with laws enacted by Congress and repeatedly upheld by the courts.
While Republicans echoed the concerns of crypto companies about unclear or imprecise regulations, several Democrats commended Gensler's efforts to increase enforcement actions, particularly after the FTX collapse in November.
In the meantime, cryptocurrency price movements have been fluctuating.
Bitcoin's price has experienced a downward trend over the past several days, with declines observed on five of the last six days.
As of now, BTC is trading at $28,255, reflecting a loss of 1.96% so far today, hovering just above the $28,000 psychological level.
Despite briefly surpassing $30,000 last Tuesday for the first time in 10 months, Bitcoin has experienced a steady decline. However, the digital asset still boasts a 71.31% increase in value this year.
Ethereum, the
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