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Bipartisan congressional lawmakers from the House and Senate are discussing the possibility of combining cyptocurrency regulation legislation with a marijuana banking bill.

Senate Majority Leader Chuck Schumer (D-NY) raised the topic with House Financial Services Committee Chairman Patrick McHenry (R-CA) and Ranking Member Maxine Waters (D-CA) on Thursday, a source familiar with the conversation confirmed with Marijuana Moment.

The legislation has yet to be finalized, but the prospect of merging the Secure and Fair Enforcement Regulation (SAFER) Banking Act with the stablecoin measure comes amid heightened expectations about the Senate moving the cannabis bill as a standalone, months after it cleared committee.

Politico reported that the package under consideration could potentially be attached to a Federal Aviation Administration reauthorization bill that needs to pass before May 10.

Schumer recently reiterated his intent to pass legislation to safeguard cannabis banking as part of a busy agenda that he hopes to achieve in the weeks and months ahead, though he again stressed the need for bipartisan cooperation.

He also recently asked people toshow their support for the SAFER Banking Act by signing a petitionas he steps up his push for the legislation. A poll released last month by the American Bankers Association (ABA) shows that roughly three out of five Americanssupport allowing marijuana industry access to the banking system.

Rep. Nancy Mace (R-SC) said last week that that if Republicans want to keep the House, they should pass the marijuana banking bill, arguing that there are votes to approve it.

Schumer told Marijuana Moment last month thatthe bill remains a very high priority for the Senate, and members are having very productive bicameral talks to reach a final agreement.

Marijuana Moment is tracking more than 1,400 cannabis, psychedelics and drug policy bills in state legislatures and Congress this year. Patreon supporters pledging at least $25/month get access to our interactive maps, charts and hearing calendar so they dont miss any developments. Learn more about our marijuana bill tracker and become a supporter on Patreon to get access.

Senate Banking Committee Chairman Sherrod Brown (D-OH) also said last month thatpassing the SAFER Banking Act off the floor is a high priority.However, he also recently said in a separate interview thatadvancing the legislation is complicated by current House dynamics.

House Majority Whip Tom Emmer (R-MN) separately said during a recent American Bankers Association (ABA) summit that he wants to see the SAFER Banking Act move.

He said that, for whatever reason, the federal government has been slow to act on the incremental reform that he supports even though he doesnt identify as a marijuana guy.

One key factor thats kept the bill from the Senate floor is disagreement over mostly non-cannabis provisions dealing with broader banking regulations, primarily those contained in Section 10 of the legislation.

Bicameral negotiations have been ongoing, however, and recent reporting suggests that a final deal could be just over the horizon.

The Democratic Senate sponsor of the SAFER Banking Act, Sen. Jeff Merkley (D-OR), told Marijuana Moment last month that the legislation is gaining momentum as lawmakers work to bring it to the floor and pass it this year.

The office of the Republican SAFER Banking prime sponsor, Sen. Steve Daines (R-MT), separately told Marijuana Moment that conversations have been productive and Senator Daines is working to get the bill across the finish line.

At the close of the first half of the 118th Congress in December, Schumer said in a floor speech that lawmakers would hit the ground running in 2024, aiming tobuild on bipartisan progress on several key issues, including marijuana banking reformthough he noted it wont be easy.

Biden, Harris And Top DOJ Official Promote Marijuana Pardons While Commemorating Second Chance Month

Photo courtesy of Mike Latimer.

Marijuana Moment is made possible with support from readers. If you rely on our cannabis advocacy journalism to stay informed, please consider a monthly Patreon pledge.

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Schumer And Key House Lawmakers Discuss Merging Marijuana Banking Bill With Cryptocurrency Reform - Marijuana Moment

Indians Embracing Crypto for Long-term Wealth Goals

Key Findings

80% of survey participants were young adults (20-35 years old)

Around 63.06% of people aged 20-35 have chosen to invest in crypto assets, showing a strong interest among younger demographics.

Approximately 58.5% of investors have diversified into both equities and crypto, while 50% foresee cryptocurrency becoming a mainstream asset class within 5 years

45% of respondents have cryptocurrencies in their retirement portfolios

Tier-1 cities lead in crypto adoption, with Delhi-NCR holding pole position, followed by Bengaluru, Mumbai, Hyderabad, Chennai, Kolkata, Pune, Lucknow, and Ahmedabad

16th April 2024, Bengaluru: Highlighting the dramatic shift of the investment landscape of India, Mudrex, a Y-Combinator-backed global crypto investment platform revealed the results of its survey titled Investment Trends in FY 2023-24: The Indian Crypto Renaissance, which engaged with 8,976 participants across the nation. The survey results paint an optimistic picture of cryptos mainstream acceptance, with 50% of respondents envisioning cryptocurrencies as a mainstream asset class within the next five years. This surge is indicative of evolving investment preferences and changing attitudes toward digital assets. The data suggests a broader shift in the financial landscape and how different groups of investors perceive crypto as part of their portfolios.

The survey also highlights a burgeoning trend of integrating cryptocurrencies into long-term financial planning, with 45% of users including cryptocurrencies in their retirement plans, implying a growing acceptance of cryptocurrencies as a legitimate asset class for long-term wealth accumulation. This trend could reflect a belief that cryptocurrencies offer opportunities for substantial returns over the long term or a desire for portfolio diversification beyond traditional assets like stocks and bonds.

Cryptocurrencys accessibility across all income brackets is evident. The survey found a minimal gap among high-income, mid-income, and low-income crypto investors. Notably, even individuals earning less than INR 5 lakh annually are engaging in crypto investments, highlighting the increasing accessibility and adoption of cryptocurrency across an income bracket of 5 to 50 lakhs.

Additionally, the survey reveals that a staggering 80% of participants belong to the young adult demographic, aged between 20 and 35 years old, indicating a growing interest among the youth in cryptocurrency investments. This generational preference underscores a higher openness to innovative financial technologies and alternative investment avenues among younger investors. In contrast, as the age groups advance, the interest in crypto investments slightly diminishes, suggesting a more cautious approach from older investors. With most respondents hailing from the startup scene, it can be attributed to the startup ecosystems familiarity with risk-taking and advanced technology, making them more inclined to embrace emerging financial technologies. Additionally, people employed in startups exhibit the highest inclination towards crypto investments, leading with 56.91% of the share reflecting a culture of innovation and risk-taking prevalent in these sectors.

The data suggests that investors are not solely focusing on crypto; about 58.5% of respondents have investments in both equities (stocks and mutual funds) and crypto. This demonstrates an understanding of diversification and the role crypto plays as an alternative asset class within a balanced portfolio. Approximately 70% of respondents make their financial decisions independently, reflecting growing financial awareness and knowledge among the crypto-savvy population.

Commenting on the survey findings, Mr Edul Patel, CEO of Mudrex, a Global Crypto Investment Platform, stated, The insights from the survey highlight a transformative period in the financial landscape of India. The increasing adoption of crypto across various demographics and income levels, paired with a shift towards diversified portfolios, marks a significant change in how Indians perceive and utilise digital assets. As these trends continue to evolve, the financial landscape in India is poised to adapt to new opportunities and challenges in the world of crypto investments.

The survey was conducted over a period of 6 months June 2023 January 2024. According to the survey, Tier-1 cities, led by Delhi-NCR, (25%) emerge as hotspots for crypto adoption, followed by Bengaluru (16%) and Mumbai (9%), fueled by factors like robust digital infrastructure and evolving investment preferences.

About Mudrex

Launched in 2018, Mudrex has the vision of making crypto accessible to the masses so that ordinary investors can benefit from the massive wave of wealth creation. Founded by Edul Patel, Alankar Saxena, Rohit Goyal, Prince Arora the Y-Combinator backed enterprise has established a robust investing platform that can be used by both newcomers and seasoned investors. The US-headquartered and Bengaluru-based fintech startup aims to be the largest asset management platform for crypto.

The rest is here:

Cryptocurrency on Track to Achieve Mainstream Asset Status within Five Years, 50% of Respondents Confident ... - CXOToday.com

The current cryptocurrency domain is buzzing with excitement as the event of Bitcoin Halving nears hard and fast. The Halving frenzy is fueling investor sentiment, with traders betting big on which crypto token will benefit the most out of the sporadic fund spread.

Bitcoin Halving, an event intended to cut Bitcoin miners rewards in half is dubbed crucial in many ways. The event plays a pivotal role in keeping the Bitcoin rarity element in check, which in turn, keeps the allure and value of Bitcoin intact. Similarly, Halving events are often accompanied by modest price fluctuations that may trigger a fund transition from BTC to other crypto tokens.

Apart from leading altcoins, the meme tokens are also sitting in the queue, awaiting the influx to sweep them over in its wake. Here are our top three cryptocurrency meme tokens that may explode post-Bitcoin Halving.

The Solana-inspired meme coin DogWifHat is leading the latest crypto bull season by becoming investors favorite token to explore and interact with. The token has recently been listed by OKx, primarily due to its rising popularity and surge that has been driving its price to hit new price milestones.

Per Coincodex, post-Bitcoin Halving, investor sentiment could suddenly pivot to $WIF, driven by its robust meme coin structure and historic price data. $WIF has always projected an array of positive price spikes while encountering minor downswings and dips in its price. Per CoinCodex, WIF is expected to surge 239% post-May 12, trading at an all-time high of $9. This could mean investors can triple their profits if they continue to hold and explore WIF for a longer duration.

According to our current Dogwifhat price prediction, the price of Dogwifhat is predicted to rise by 231.55% and reach $9.93 by May 15, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 74 (greed). Dogwifhat recorded 14/30 (47%) green days with 21.38% price volatility over the last 30 days.

The all-time investor favorite, Shiba Inu, has been basking in the positive price sentiment since its launch in August 2020. The token was one of the leading tokens to have amassed a fan base, rooting for its robust price surge and hike. With the event of Bitcoin halving on cards, the user sentiment towards Shiba Inu is now stronger than ever.

Per Coincodex, Shiba Inu may experience a massive fund injection, which could catapult its price to hit a new high. The platform predicts SHIB to surge by 227% and trade at $0.00007214 by May 15.

According to our current Shiba Inu price prediction, the price of Shiba Inu may rise by 227.07% and reach $0.00007214 by May 15, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 74 (greed). Shiba Inu recorded 14/30 (47%) green days with 7.17% price volatility over the last 30 days.

The frog-inspired meme coin Pepe soon became a cult Web3 sensation in 2024. The token embraced the bullish cycle phase of the market, leading its price to document significant price hikes. The token is currently sitting at $0.000005551, up 1.68% in the last 24 hours.

Per CoinCodex, Pepe may surge past the usual price threshold post-Bitcoin halving. The platform expects Pepe to breach past 220% and trade at a new price milestone of $0.00001768.

Also Read: Cryptocurrency: Top 3 Coins To Buy for 5X Profit In April

The price of Pepe Coin is predicted to rise by 230.95% and reach $0.00001768 by May 15, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 74 (greed). Pepe Coin recorded 14/30 (47%) green days with 9.81% price volatility over the last 30 days.

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3 Cryptocurrency Meme Coins Set To Surge 200% Post Bitcoin Halving - Watcher Guru

The cryptocurrency market has experienced a significant dip in recent days, largely attributed to the ongoing conflict between Israel and Iran. With prices plummeting, many investors wonder which coins offer the best opportunities for growth and recovery.

Among the sea of digital assets, three coins stand out as potential buys amidst the market downturn: Solana, Ethereum, and Shiba Inu.

Solana, currently trading at $153, has seen a 15% decline in the last seven days. Despite this drop, the high-performance blockchain platform remains a promising investment opportunity.

Solanas unique proof-of-history consensus mechanism allows for incredibly fast transaction speeds and low fees, making it an attractive option for developers and users alike. As more projects adopt the Solana ecosystem, the coins value is expected to recover and potentially surpass its previous highs.

Also read: 4 Meme Coins To Watch As Bitcoin (BTC) Reclaims $70,000

Ethereum, the second-largest cryptocurrency by market capitalization, is trading at $3,200, down 10% in the last seven days. ETH, which is the backbone of the decentralized finance (DeFi) movement and home to countless decentralized applications (dApps), remains a solid long-term investment.

With the anticipation of an ETH ETF approval, ETH could likely surge in the light of such an event.

Also read: Dogecoin: DOGE Price Prediction During Bitcoin Halving

Shiba Inu, the popular meme coin, is currently trading at $0.0000236, having experienced a 19% drop in the last seven days. Despite its origins as a lighthearted alternative to Dogecoin, Shiba Inu has garnered a dedicated community and has seen significant adoption.

As one of the oldest and second largest meme coins, Shiba Inu presents an opportunity for investors looking to capitalize on the potential of meme-based cryptocurrencies.

Also read: Shiba Inu: AI Forecasts SHIB Price For April 15, 2024

Geopolitical tensions between Israel and Iran have fueled the recent market dip, leaving many investors uncertain about the future of cryptocurrencies. However, it is important to remember that market fluctuations are a natural part of the crypto landscape, and periods of downturn often present unique opportunities for growth.

By carefully considering the fundamentals and potential of coins like Solana, Ethereum, and Shiba Inu, investors can make informed decisions and position themselves for long-term success. As always, it is crucial to conduct thorough research and invest responsibly, taking into account ones individual financial goals and risk tolerance.

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Cryptocurrency: 3 Coins To Buy Amidst The Market Dip - Watcher Guru

POMPANO BEACH, FL / ACCESSWIRE / April 15, 2024 / In a significant stride towards reshaping the landscape of financial technologies, RANAEX, heralded as a premier cryptocurrency exchange in the USA, has proudly announced its official registration with the United States Money Service Business (MSB). This pivotal achievement not only highlights RANAEX staunch commitment to regulatory compliance and transparency but also sets a new benchmark in the ever-evolving domain of digital assets.

Upholding Regulatory Compliance and Transparency

The attainment of MSB registration is a testament to RANAEX dedication to operating within the frameworks set by regulatory authorities, thereby offering a fortified and transparent platform for cryptocurrency trading and investment. This compliance ensures that RANAEX aligns with the highest standards of security and reliability, fostering trust among users and stakeholders in the dynamic cryptocurrency market.

Reinforcing the Digital Asset Ecosystem

RANAEX's successful MSB registration is not merely a compliance milestone; it is a transformative step forward in enhancing the cryptocurrency landscape. By navigating the intricacies of regulatory requirements, RANAEX positions itself as an influential force in advancing the digital asset ecosystem. This strategic move not only reinforces its stature as a leading cryptocurrency exchange but also contributes to the broader acceptance and integration of digital currencies in the mainstream financial system.

RANAEX: A Platform of Excellence and Innovation

At the core of RANAEX's philosophy is the unwavering commitment to innovation and excellence. The exchange prides itself on creating a robust and secure trading environment, underscored by an ethos of regulatory compliance and user-centricity. As a beacon of trust and reliability, RANAEX is poised to drive forward the agenda of safe, transparent, and efficient cryptocurrency trading across the United States.

Inviting the Future of Cryptocurrency Technology

RANAEX extends an open invitation to enthusiasts and the public at large to partake in the next wave of cryptocurrency technology. By achieving MSB registration, RANAEX not only ensures compliance with US financial regulations but also beckons a future where digital assets are embraced as a legitimate and integral part of the financial ecosystem. The platform's dedication to fostering a safe and decentralized trading space is a clarion call to those who wish to join in the forefront of financial innovation.

About RANAEX

RANAEX stands at the forefront of the cryptocurrency trading landscape, prioritizing regulatory compliance and security to provide a safe and dynamic trading environment. With the MSB license marking a significant milestone, RANAEX distinguishes itself as a market leader, offering reliable financial services and pioneering tools in the digital asset exchange sector. The platform's commitment to security and innovation paves the way for a new era of cryptocurrency trading.

Conclusion

RANAEX's official registration with the US Money Service Business (MSB) underscores its commitment to upholding the highest standards of regulatory compliance and transparency in the cryptocurrency trading sphere. By setting a new precedent in the industry, RANAEX reaffirms its position as a trusted and forward-thinking exchange, dedicated to enhancing the security and integrity of digital asset transactions. As RANAEX continues to navigate the complexities of the cryptocurrency market, it remains steadfast in its mission to provide a safe, compliant, and innovative trading platform for its users.

Media Information

For additional information and media inquiries, please contact:

Name: Ethan Carter Organization: RANAEX Website: https://ranaex.com Website: https://h5.ranaex.com/ Email: [emailprotected] Address: 817 West Sample Road, Pompano Beach, FLORIDA 33064 IGhttps://www.instagram.com/ranaex_official/ Twitterhttps://twitter.com/RANAEX_Official

Disclaimer

As a committed entity in the cryptocurrency trading space, RANAEX underscores the importance of a secure and decentralized trading environment. Nonetheless, it's crucial for investors to recognize that digital currency trading is not devoid of risks, including potential market volatility and losses. RANAEX encourages all users to undertake comprehensive research and possibly seek financial advice before engaging in investment decisions, acknowledging and understanding the inherent risks involved.

SOURCE: RANAEX

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RANAEX Secures US MSB Registration: Elevating Trust and Compliance in Cryptocurrency Trading - AccessWire