The White House is scrambling to find new nominees to lead the U.S. Commodity Futures Trading Commission (CFTC) after its last pick for chairman, Brian Quintenz, didn’t work out.
It’s a significant development, especially since the CFTC is poised to become a major player in regulating the cryptocurrency markets. And if we’re talking about big players, check out Bitcoin Hyper ($HYPER), which is about to revolutionize how you use Bitcoin.
What’s Going On Behind the Scenes?
Chris Giancarlo says the White House is ‘hard at work’ on making new announcements. He was even at the White House on Wednesday and is feeling pretty good about the process. The previous nominee, Brian Quintenz, was dropped after running into trouble with his Senate confirmation, as Gemini CEO Tyler Winklevoss was openly opposed to him.
This time around, the White House recognizes that it needs more than just a chairman; it requires a whole team of commissioners to accomplish anything without facing legal challenges.
A top name being floated for Chairman is Mike Selig, a senior official at the SEC who works on crypto policy. Selig has support from Kristin Smith, President of the Solana Institute, whose X post was reposted by Giancarlo, arguably indicating his support for Selig as well.
Although the government has slowed things down, the hope is that they’ll soon have some good options. This is happening as the Senate works on new legislation that would give the CFTC more authority to regulate crypto. The race is on to put the right people in place before the agency’s role in the crypto world expands even further.
1. Bitcoin Hyper ($HYPER): A Turbo Boost for Bitcoin
Ever tried to send Bitcoin and found yourself waiting forever, all while incurring a bunch of fees? That’s the problem Bitcoin Hyper ($HYPER) is here to fix.
It’s building a brand new super-fast highway right on top of the old Bitcoin road. This new layer, called a Layer-2, utilizes the extremely fast Solana Virtual Machine (SVM) to make transactions feel instantaneous and nearly free.
This means you can use Bitcoin for things it wasn’t built for, like playing games, trading NFTs, or using DeFi apps. There’s a clever Canonical Bridge that lets you move your Bitcoin onto this fast lane whenever you want.
People are already getting excited, with the presale raising over $20M. Recent whale buys of $193,507, $140,917, $55,401, $29,850, and $22,094 show investors are taking the project seriously and don’t want to miss out.
2. PepeNode ($PEPENODE): Mine Your Memes
Want to get in on the meme coin fun but with a little more than just buying and holding? PepeNode ($PEPENODE) is a notable project that enables you to do just that.
It’s all about mine-to-earn, which basically turns crypto mining into a game. Instead of buying expensive hardware, you get to build your own virtual mining rig. You buy and upgrade digital nodes in a simulated server room, and the more you build, the more rewards you can earn.
It’s a fun and interactive way to get involved without incurring massive electricity bills. Plus, it’s not just about earning $PEPENODE; the game is designed to also reward the best miners with other popular meme coins like $PEPE.
With its presale already raising over $1.6 million, it appears that many people are eager for this innovative, game-like take on meme coins.
3. Dogwifhat ($WIF): It’s a Dog With a Hat
Sometimes, all you need is simplicity to make a lasting impression. That and a little cuteness thrown in, too, for good measure. That’s what Dogwifhat ($WIF) is all about. Its name says it all: it’s a dog with a hat. Simple, no?
Launched on the super-fast Solana network, $WIF doesn’t have a big mission or fancy roadmap. Its value is powered by one thing: the community. It’s built on the idea that a great meme is all you need.
There’s a fixed supply of tokens, no confusing rules, just a fun, simple project that lets people share in the joke.
This straightforward approach has created an incredibly passionate community, with over 151,000 X followers, over 43,000 Telegram members, and a Reddit community with over 1,300 weekly visitors. Dogwifhat has proven that sometimes, the best projects are ones that don’t take themselves too seriously.
You can buy your slice of the action on all good exchanges for around $0.7758.
Remember, this isn’t intended as financial advice, and it’s essential that you always conduct your own research before making any investments.
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Source: https://coindoo.com/best-crypto-to-buy-as-white-house-vets-cftc-candidates/