The United States has always been the pioneer in taxes and regulations around it, and it is no surprise that the country’s Federal Reserve recently initiated a fresh initiative aimed at overseeing the crypto-related actions of banks. Additionally, US crypto regulations have provided further clarification regarding its stipulation that financial institutions under its jurisdiction must obtain approval before participating in activities involving digital assets.
According to data from CoinGecko, meme coins like Shiba Inu (SHIB) & PEPE coin experienced a price increase,while POOR COIN (POOR), an emerging new coin is raising expectations.
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Crypto Regulatory Change; What Does it Mean for Meme Coins & Crypto in General?
The US Federal Reserve’s announcement delineates the approach that the central bank intends to adopt for supervisory purposes. This involves subjecting engagements with the crypto industry to the newly established “novel activities supervision program.” Under this framework, the Federal Reserve’s specialised experts in digital assets will collaborate with the regulatory supervisors to ensure effective oversight.
The collective market capitalization of cryptocurrencies surged by approximately $25 billion, representing a 2% rise. PepeCoin and Shiba Inu gained leverage and thrived in such conditions, not to mention PEPE which is now getting attention as an uprising cryptocurrency.
Time To Invest in POOR COIN?
POOR COIN (POOR) stands out as an inventive initiative reshaping the meme coin landscape through its unique interpretation of meme culture and satirical commentary on the global financial landscape. Positioned as a pathway out of financial constraints for crypto investors facing economic challenges, POOR COIN offers a supportive community and crypto referrals.
Investors in POOR have the opportunity to earn 10% commissions in USDT, ETH, or BNB by sharing their personalized referral codes with friends and followers. With each purchase made by a new investor using a referral code, the referrer gains a 10% commission in the same currency. Furthermore, the referred user is greeted with a 10% bonus in tokens as a welcoming gesture upon utilizing a referral code for their purchase.
How Does the Meme Coin World Take Advantage of the Current Situation?
The Federal Reserve has elaborated on the prerequisites for banks under its supervision to secure pre-approvals before becoming involved with stablecoins. Any financial institution that is involved in “issuing, holding, or conducting transactions with dollar-backed tokens to facilitate payments” must demonstrate to the supervisors, before engagement, that it can carry out these activities in a manner that is both secure and tactful. Formal endorsement from the Federal Reserve is also necessary in this context.
Meme coins like Shiba Inu (SHIB) and PepeCoin (PEPE) led the market’s gain since the US crypto regulations as Bitcoin (BTC) briefly breached $44,000. POOR COIN, on the other hand, got more attention for its unique referral system that provides participants with instant passive income.
Centred on enhancing financial empowerment, POOR COIN strives to transform the cryptocurrency landscape through the establishment of a dynamic and nurturing ecosystem. Its 5% to charities, 10% referral code, 50% tokens in presale, and being on the relatable Binance blockchain gives this coin the leverage to be one of the most outstanding performers.
POOR COIN:
Website: http://poorcoin.io/
Twitter: https://twitter.com/poorcoinsays
Telegram: https://t.me/PoorcoinGroup
Discord: https://discord.gg/uqq4Y6DeE4