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- 🎯 To further enhance the user experience on Gate Square, we sincerely invite you to take part in our first User Experience Survey 👉 https://www.gate.com/questionnaire/7086
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👉 https://www.gate.com/announcements/articl - 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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The SEC's decision brought a 160% rise in the 8-year altcoin.
The Securities and Exchange Commission (SEC) announced in a joint statement submitted to the Seattle federal court that it has withdrawn the lawsuit against the blockchain company Dragonchain and its founder Joseph Roets. The decision emphasized that the matter was reevaluated following the reviews and preparations made by the special team established by the SEC regarding cryptocurrency asset regulation.
Previously, the SEC had alleged that Dragonchain raised $16.5 million by conducting an unregistered securities sale through the pre-sale of its project token during the ICO it held in 2017, (. The SEC's withdrawal decision was seen as a reflection of developments in regulatory approaches as well as negotiations between the parties.
The SEC, under the management of Paul Atkins, starting to withdraw lawsuits against cryptocurrency firms raises hopes for a reduction in regulatory uncertainty, while the markets perceive this step as an indication that the regulatory process will mature and collaboration within the sector will strengthen.
After the SEC's decision to withdraw the lawsuit, Dragonchain's token DRGN gained 160% in value.
Published: April 25, 2025 15:39