Senate Banking Committee Chair Tim Scott introduced the STREAMLINE Act, with the aim of modernizing the Bank Secrecy Act.
Since the act in question is the foundation of the US AML framework that affects all financial institutions, lifting the outdated thresholds for reporting may reduce regulatory burden on crypto companies.
This could represent a bullish signal amid the pause in crypto’s regulatory progress, a result of the lengthy government shutdown.
Meanwhile, retail traders are switching to affordable coins to grow their earnings in anticipation of the long-awaited Q4 market rally. While Shiba Inu price prediction is a hot topic, a sizable number of traders are interested in presales such as DeepSnitch AI due to their higher upside potential.
DeepSnitch AI is an early-stage presale, which is en route to raising $500K soon if the momentum continues.
The expected impact of STREAMLINE on the crypto market
Tim Scott, a Senate Banking Committee Chair, backed by a group of US senators, proposed the STREAMLINE Act, which is expected to raise the Bank Secrecy Act reporting threshold.
Passed in 1970, under the Bank Secrecy Act, financial institutions are obliged to assist federal authorities in detecting financial crimes. This includes any illicit activity, including money laundering.
The new piece of legislation will increase the reporting threshold to $30K from $10K, while also moving the Suspicious Activity Report threshold from $2K to $3K, as well as $ from $5K to $10K. To account for inflation, the Treasury Department will be expected to fine-tune the amounts every 5 years.
Since the US-based exchanges are required to comply with the existing Act, the new STREAMLINE proposal will further push regulatory clarity and minimize regulatory burden.
Meanwhile, lawmakers are increasing their cooperation with crypto leaders, which further forwards crypto’s regulatory progress. For instance, Senate Democrats met with notable crypto figures to discuss the US Market Structure Bill, aimed at creating a singular federal legal framework for crypto regulation.
The meeting occurred on October 22, with multiple senators, including Senator Kirsten Gillibrand, and experts from Coinbase, Kraken, Chainlink, and Circle.
Although these advancements may impact crypto traders directly, the clearer regulatory framework is generally considered bullish and could help crypto reach more mainstream investors. As retail traders await new liquidity to pour into the market, they’re also increasing their exposure to affordable crypto coins.
Best 3 affordable crypto coins
1. DeepSnitch AI price prediction: The rare 100x gem?
Although it’s a new presale that’s been live for less than three months, DeepSnitch AI is already trending. With $450K raised, the investors are excited not only about the projected 100x upside potential but also about its sophisticated AI utility.
The idea behind DeepSnitch AI is to help traders catch up to whales, insiders, and influencers who generally scoop up the majority of the cake due to their informational edge. DeepSnitch could provide this agility to traders through an AI analytics suite consisting of an AI-driven dashboard that shows analytics sourced by five AI agents.
In addition to tracking whale movements, discovering high-upside coins, and tracking market sentiments, DeepSnitch will also use a sophisticated alert system that will instantly warn users of risks such as scams, rug pulls, insider trading, or FUD storms.
Since this use case is attractive for a wide range of traders, DeepSnitch AI can leverage its AI pedigree to break out to the top of the market.
It’s also worth mentioning the project’s ability to bridge different sectors. Because the agents will be designed as unique meme characters, DeepSnitch AI may become instantly recognizable. However, it’s not just the design, as the project also reserved 30% of the total DSNT supply to marketing, which could turn it parabolic.
The current price is set at $0.01992, representing one of the most affordable entry points into the AI market. Combined with the core utility and meme appeal, DSNT could be the presale with the highest upside potential.
Early investors are confident that a surge of over 100x is in the books for DeepSnitch AI once the token lists on exchanges. This means that investing $500 could turn into $50K, which explains why so many traders are already aping into the project.
2. Shiba Inu price prediction: Will Shiba Inu price in 2025 reach new heights?
According to CoinMarketCap, SHIB traded around $0.00000989 on October 20.
Analysts agree that the Shiba Inu price in 2025 fell below expectations, but are confident that a reversal may be possible as SHIBA is trading above the crucial $0.00000900 area.
A noticeable falling wedge pattern is also a strong technical indicator of a potential uptrend. The compressed trendlines could also indicate that the selling pressure is easing fast.
Passing the uptrend line will allow SHIB to surge to $0.00001150. Maintaining this momentum could drastically affect the SHIB forecast and move the upper target to $0.00002350
Despite the short-term SHIB coin prediction allowing for a possibility of a breakout, the upside potential may not be as strong as with presale projects.
3. Dogecoin price prediction: How far can DOGE go in Q4?
DOGE fell to the upper $0.1900 area, according to CoinMarketCap.
While the dip below the critical $0.2000 may indicate a breakdown, analysts actually believe that a rally may also be possible in the short term. The technical setup points to a surge to the $0.2300 resistance. Flipping into support may result in further upward momentum.
Other analysts, despite being cautious, point out that if the selling pressure reduces, DOGE could make its way to $0.23 and eventually reach $0.29.
However, if the price closes below $0.18, DOGE may tumble to as low as $0.1400.
Conclusion
A more lax institutional framework for cryptocurrencies in the US will likely help the market enter a new era. As traders anticipate massive rallies, the Shiba Inu price prediction might indicate an imminent rally, which is good news for SHIB holders.
However, most older meme coins are established and have market caps valued at billions, which could hinder their upside potential.
For explosive gains, presales are your best bet. DeepSnitch AI is quickly making a name for itself, building a reputation as the next 100x moonshot. Since this can grow even a small investment into an astronomical amount, new traders are likely to take a chance on something new and exciting.
And you can’t get more exciting than AI.
Join the DeepSnitch AI presale for a rare moonshot opportunity.
FAQs:
1. What is the STREAMLINE Act, and how does it affect crypto?
The STREAMLINE Act, introduced by Senator Tim Scott, proposes raising financial reporting thresholds under the Bank Secrecy Act. By modernizing outdated rules, it aims to reduce compliance burdens for crypto companies.
2. What is the current Shiba Inu price prediction for 2025?
Analysts expect Shiba Inu (SHIB) could rebound from its current $0.00000900 support level and potentially target $0.00002350 in 2025 if market sentiment improves and new liquidity enters the crypto sector.
3. Why are investors switching from Shiba Inu to DeepSnitch AI?
While Shiba Inu remains a strong meme coin, DeepSnitch AI offers greater upside potential as an early-stage presale. Its AI-powered trading suite, capable of detecting whale moves, scams, and sentiment shifts, has already attracted nearly $500K in early investments.
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