Crypto

Top Cryptocurrencies to Purchase Following SEC’s Dismissal of Kraken Lawsuit

Exploring the Best Cryptocurrencies to Invest in After SEC’s Recent Decisions

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SEC Drops Cases Against Major Crypto Firms: A New Era for Cryptocurrency

In recent developments, the Securities and Exchange Commission (SEC) has decided to dismiss several lawsuits against major cryptocurrency firms—Kraken, ConsenSys, and Cumberland DRW LLC. This decision follows the SEC’s earlier withdrawal of cases against Coinbase and Uniswap, indicating a potential shift in the regulatory body’s approach to the cryptocurrency sector.

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Amidst these changes, let’s delve into promising altcoins for 2025, such as Solaxy ($SOLX) and Bitcoin Bull Token ($BTCBULL), which might experience significant growth.

Crypto.com Also Receives SEC’s Clearance: Top Cryptocurrencies to Consider

Crypto.com is another entity benefiting from the SEC’s lenient stance. According to Nick Lundgren, Chief Legal Officer at Crypto.com, “We are delighted by the SEC’s decision to end its investigation into Crypto.com without any enforcement action or settlement. We eagerly anticipate collaborating with incoming Chair Paul Atkins and the commission on forthcoming legislation and regulatory measures.”

Paul Atkins, appointed by President Trump in December 2024, has succeeded Mark Uyeda as the SEC’s Chairman. Atkins is committed to continuing his predecessor’s pro-crypto policies. During his Nomination Hearing on March 27, Atkins emphasized, “The SEC must refocus on its core mission as defined by Congress: protecting investors, ensuring fair, orderly, and efficient markets, and facilitating capital formation.”

The SEC has demonstrated this commitment through rapid actions, including dropping a high-profile lawsuit against Ripple. Ripple’s CEO, Brad Garlinghouse, shared the positive update on his social media platform on March 19. Other companies like Robinhood and OpenSea have also lauded the SEC’s recent decisions.

With the SEC’s recent pardons targeting Kraken, ConsenSys, and Cumberland DRW LLC, it seems the regulatory landscape is undergoing significant change. Kraken described the decision as “the end of a politically-motivated campaign” and criticized the previous “regulation-by-enforcement approach” that stifled innovation in the U.S.

These developments raise questions about the future trajectory of the crypto market. Observing the market’s response to the SEC’s favorable decision for $XRP, the outlook appears promising.

1. Solaxy ($SOLX): Enhancing Solana’s Ecosystem

Solaxy ($SOLX) represents a cutting-edge Layer-2 enhancement to the Solana ecosystem, aimed at addressing key challenges. The project focuses on optimizing blockchain activity during network congestion, reducing downtime, improving transaction speeds, and lowering fees. Additionally, transaction bundling is designed to enable scalable high-volume trading.

The presale has already amassed over $28 million, with $SOLX priced at $0.001676. Stakers can enjoy a dynamic annual percentage yield (APY) of 144% by joining the 8 billion-strong staking pool, receiving 4,377.4 $SOLX per ETH block. The development team provides regular updates, with the latest announcement on March 25, 2025, highlighting efforts to expedite transaction confirmations and enhance the overall transactions per second (TPS).

Analysts predict the token could reach $0.032, making now an opportune time to participate in the presale.

Solaxy Tokenomics

  • Total supply: 138 billion
  • Treasury: 20% (27.6 billion)
  • Marketing: 15% (20.7 billion)
  • Rewards: 25% (34.5 billion)
  • Listings: 10% (13.8 billion)
  • Development: 30% (41.4 billion)

2. Bitcoin Bull Token ($BTCBULL): Offering Bitcoin Airdrops

Bitcoin Bull Token ($BTCBULL) distinguishes itself by providing regular Bitcoin ($BTC) airdrops to dedicated holders, establishing itself as a noteworthy meme coin with strong ties to the Bitcoin ecosystem. The project capitalizes on Bitcoin’s popularity and performance, enticing investors with attractive $BTC incentives. Airdrop rewards are distributed at key Bitcoin price milestones, such as $150,000 and $200,000.

Furthermore, a substantial $BTCBULL airdrop, constituting 10% of the total token supply, is planned for when Bitcoin surpasses the $250,000 threshold.

The presale has garnered over $4 million, offering an APY of 100%. The token burn mechanism ensures a portion of the supply is eliminated whenever Bitcoin’s price increases by $50,000. Investors interested in participating can explore our comprehensive guide on purchasing $BTCBULL. The token’s price is projected to reach $0.00835 by year-end, promising potential gains for early adopters.

Bitcoin Bull Tokenomics

  • Total supply: 21 billion
  • Staking: 10% (2.1 billion)
  • Marketing: 40% (8.4 billion)
  • Token fund: 15% (3.1 billion)
  • Burn fund: 15% (3.1 billion)
  • Exchange: 10% (2.1 billion)

3. Freysa ($FAI): Engaging Users with Extensive Prize Pools

Freysa ($FAI) is an AI-driven entity that engages users seeking to earn its favor through interactive prompts. The AI oversees multiple prize pools and orchestrates events where participants can compete to achieve specific goals, varying based on the event type.

Recent events include:

  • Meme Engine event: Help the AI comprehend humanity through memes, offering a prize of $15,631.
  • Encyclopedia Galactica: Identify humanity’s most significant achievements for inclusion in the eternal Encyclopedia Galactica, with a prize of $6,842.
  • Act III: Encourage Freysa to express affection, with a prize of $20,843.

Freysa ($FAI) has gained momentum as its 24-hour trading volume surged from 2.95 million to 12.44 million, marking a 321% increase. This heightened activity is attributed to Freysa’s ACT IV (Digital Twin), set to conclude in five days, offering a $100,000 prize. The current price of $FAI stands at $0.02599.

SEC’s Pro-Crypto Stance: Transforming the Cryptocurrency Landscape

The SEC’s favorable attitude towards cryptocurrencies is poised to impact the market positively. The resurgence of Bitcoin to $85,000, following a dip below $78,000, reflects this changing landscape. This shift is a result of recent lawsuit revisions and the SEC’s commitment to fostering a transparent and equitable environment for crypto enterprises.

Remember, this content is not financial advice. Conduct your own research (DYOR) and invest in projects that align with your comfort level.

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Emma Horvath

After graduating Communication and Media Studies MA in Eötvös Loránd University, Emma started to realize that her childhood dream as a creative news reporter committed to find dynamic journalism stories. I'm a passionate journalist with a keen interest in the fast-evolving world of cryptocurrencies. I've been reporting on the latest developments in the crypto industry for several years now, covering breaking news and providing insights on how the market is trending. I'm adept at analyzing daily market movements, researching ICOs, and keeping track of the latest innovations in blockchain technology. My expertise in the space makes her a trusted voice in the crypto community. Whether it's the latest Bitcoin price movements or the launch of a new DeFi platform, I am always at the forefront, bringing her readers the most up-to-date and informative news.

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