Best Crypto to Buy Now 25 July – Maker, GMX, Trust Wallet
Prime Minister Fumio Kishida of Japan made a resolute statement today that could be a boon to crypto markets, reiterating the country's ambition to be at the forefront of Web3 innovation.
His remarks coincided with news that leading cryptocurrency exchange Binance plans to launch operations in Japan beginning August 2023. This provides a new on-ramp for Japanese investors to access cryptocurrencies, despite Binance’s ongoing jurisdictional battles with American regulators.
In light of this, what are the best cryptos to buy now?
The BInance exchange made headlines this week for its plans to file a motion dismissing a lawsuit brought against it by the U.S. Commodity Futures Trading Commission.
Binance stands accused of illegally offering derivatives trading to U.S. customers, among other charges. This suit comes in addition to an ongoing securities fraud lawsuit levied against Binance by the SEC.
Across the Pacific, Coinbase CEO Brian Armstrong believes U.S. lawmakers feel a heightened sense of urgency around crafting cryptocurrency regulations.
In a recent meeting with members of Congress, he noted reinvigorated engagement on crypto issues following recent legal developments like Ripple’s partial victory in its battle with the SEC.
Armstrong believes many lawmakers are now reconsidering their previous hands-off approach to the crypto space.
With adoption accelerating and legal precedents being set in real-time, regulators face immense pressure to provide guardrails without stifling innovation.
Despite swirling uncertainty, one thing remains clear – from Tokyo to Washington, there is no denying that cryptocurrencies are still commanding attention and unlocking unprecedented possibilities.
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