FameEX Morning Crypto News Recap | July 26, 2024

Jersey City Pension Fund to Invest in Bitcoin ETFs

Steven Fulop, the mayor of Jersey City, New Jersey, announced that the city's pension fund will allocate a portion of its investments to Bitcoin ETFs. The fund is currently updating its SEC filings, with the process expected to be completed by the end of the summer.

India to Release Cryptocurrency Policy Discussion Paper by September

Indian Economic Affairs Secretary Ajay Seth announced plans 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 document aims to solicit stakeholder input rather than commit to comprehensive legislation.

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

According to data from DefiLlama and Wintermute, the total market value of stablecoins has surpassed $164 billion for the first time since Terra's collapse in May 2022. Previously hovering around $160 billion, Wintermute reports that this growth reflects increasing investor optimism and supports a bullish outlook for the market.

Trump Reelection Campaign Raises $3M in Crypto for Q2 2024

According to a Federal Election Commission (FEC) filing for Q2 2024, the Trump 47 Committee received approximately $3 million in cryptocurrency donations from about 20 individuals starting in May. Donors to Donald Trump’s reelection campaign have significantly contributed in digital assets since he announced he would accept them.

Trump Draws Attention at Bitcoin 2024 Conference; Supporters Anticipate Pro-Bitcoin Speech

At the Bitcoin 2024 conference in Nashville, former President Trump's name was prominently featured on advertisements and souvenirs. Bright baseball caps indicated the presence of his supporters. Attendees believe Trump's influence will bring more trust and a larger platform to Bitcoin.

Ripple CEO Suggests Kamala Harris Could Revamp US Crypto Regulation

Ripple CEO Brad Garlinghouse believes U.S. Vice President Kamala Harris has a significant opportunity to reset critical issues for U.S. competitiveness, including crypto regulation. Highlighting her familiarity with Silicon Valley, he cautioned against assumptions based on political affiliation, warning it could hinder 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.