FameEX Morning Crypto News Recap | July 26, 2024

Jersey City Pension Fund Plans Investment in Bitcoin ETFs

Jersey City Mayor Steven Fulop announced that the city's pension fund will invest a portion of its assets in Bitcoin ETFs. The fund is updating its SEC filings, with the process expected to be completed by the end of the summer.

India Set to Unveil Cryptocurrency Policy Discussion Paper by September

Indian Economic Affairs Secretary Ajay Seth announced a plan to release a discussion paper on cryptocurrency policy by September. An inter-departmental group, including the Reserve Bank of India and the Securities and Exchange Commission, is studying relevant policies. Seth emphasized that the paper seeks stakeholder input, not comprehensive legislation.

Stablecoin Market Cap Exceeds $164 Billion for First Time Since Terra Crash

Data from DefiLlama and Wintermute shows the total stablecoin market value has surpassed $164 billion for the first time since Terra's May 2022 collapse. Previously hovering around $160 billion, this growth reflects increasing investor optimism and supports a bullish market outlook, according to Wintermute.

Trump Reelection Campaign Secures $3M in Crypto Donations for Q2 2024

According to a Federal Election Commission (FEC) filing for Q2 2024, the Trump 47 Committee received around $3 million in cryptocurrency donations from approximately 20 individuals starting in May. Since Donald Trump announced he would accept digital assets, his reelection campaign has seen significant contributions in cryptocurrency.

Trump Gains Spotlight at Bitcoin 2024 Conference; Supporters Await Pro-Bitcoin Speech

At the Bitcoin 2024 conference in Nashville, former President Trump's name was prominently displayed on advertisements and souvenirs. Bright baseball caps signaled his supporters' presence. Attendees believe Trump's influence will enhance trust and provide a larger platform for Bitcoin.

Ripple CEO Proposes Kamala Harris Could Overhaul US Crypto Regulation

Ripple CEO Brad Garlinghouse believes U.S. Vice President Kamala Harris can reset critical issues for U.S. competitiveness, such as crypto regulation. Citing her Silicon Valley background, he cautioned against assumptions based on political affiliation, warning they could impede the crypto industry's progress.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​