Regulation
Robert Kiyosaki Stands By Donald Trump As Win Odds Climb To 71%
In a dramatic turn of events amid the upcoming presidential election, entrepreneur and Bitcoin advocate Robert Kiyosaki has reaffirmed his staunch support for former President Donald Trump. The latest statement comes amid surging election odds favoring Trump’s return to the White House. Currently, Trump’s election win Odds stand at 71% after the recent assassination attempt.
Robert Kiyosaki & Betting Markets Favor Trump
According to recent data from Polymarket, Trump’s likelihood of winning key swing states has reached new highs. These include:
- Pennsylvania at 67%
- Wisconsin at 65%
- Michigan at 61%
- Arizona at 78%
- Nevada at 79%
- Georgia at 77%
- North Carolina at 82%
Overall, Trump’s election odds now stand at 71%, a substantial increase reflecting a significant shift in sentiment among bettors. Robert Kiyosaki, a renowned Bitcoin (BTC) advocate, expressed his unwavering endorsement of Trump in response to recent developments.
In a post on X, he wrote, “Biden does not need to drop out. ‘Biden is toast.’ Let’s get behind President Trump and ‘Make America Great Again.’” These statements underscore Kiyosaki’s confidence in Trump’s ability to lead the nation forward.
Moreover, ever since Trump has proclaimed himself as a pro-crypto candidate, Kiyosaki has rallied support. Also the presidential candidate has reaffirmed his speech at the upcoming Bitcoin conference despite the recent assassination attempt.
The betting markets also reflect a shift in the Democratic landscape, with Vice President Kamala Harris seeing a decline in odds for assuming the Democratic nomination. Currently, 74% of bettors believe she will continue as the Vice Presidential nominee. Moreover, betting markets believe that Biden will continue representing the Democrat party.
Also Read: Will Donald Trump Attack Set the Stage for Next Bitcoin Bull Run?
July 13’s Assassination Attempt
The endorsement from Kiyosaki comes amidst a backdrop of heightened political tension following an assassination attempt on Trump during a campaign rally in Butler, Pennsylvania, on July 13. The incident is described as the first attempt on a presidential candidate since Ronald Reagan in 1981. Moreover, it has intensified the stakes of the election.
Despite the attack, Trump emerged unscathed. This further attracted support among his base and rallying endorsements from influential figures like Robert Kiyosaki. In addition, tech mogul Elon Musk and TRON DAO founder Justin Sun have also thrown their weight behind Trump.
Sun cited his policies as beneficial for the cryptocurrency industry and advocating for fairer treatment under a potential Trump administration. Moreover, Musk stated, “I fully endorse President Trump and hope for his rapid recovery.” Whilst, Sun added, “He is a better choice for the crypto industry.”
Commenting on the broader political landscape, Kiyosaki highlighted the significance of Trump’s resilience in the face of adversity. The Bitcoin maximalist referred to an iconic photo of Trump post-attack, rallying with the Stars and Stripes, which Kiyosaki described as a symbol of American strength and resolve.
“TRUMP will go down as America’s greatest President in history,” he remarked. Kiyosaki also reflected on Trump’s leadership during challenging times. Meanwhile, in response to the escalating political rhetoric, Russia has weighed in on the incident. The nation attributes the attempted assassination to the volatile political climate in the United States.
However, they didn’t hold the Biden administration directly responsible for the attack. Kremlin spokesman Dmitry Peskov remarked, “We do not believe that the attempt to eliminate and assassinate Trump was organized by the current authorities. But the atmosphere around candidate Trump … provoked what America is confronting today.”
Also Read: Donald Trump Still Committed To Speak At Bitcoin Conference
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Hawk Tuah girl Hailey Welch, known for her association with the controversial $HAWK token, has been cleared of any wrongdoing after a lengthy investigation by the U.S. Securities and Exchange Commission (SEC). The SEC has decided not to press charges against Welch in connection with the rapid rise and subsequent collapse of the meme-based cryptocurrency.
US SEC Investigation Into Hawk Tuah Girl Concludes Without Charges
The SEC had launched an investigation into the $HAWK token after its dramatic price drop. The token, which was linked to Welch’s viral persona, initially saw a market cap surge to $490 million before crashing by over 90%. Investors who were impacted by the crash filed a lawsuit against those behind the project, alleging that the coin had been promoted and sold without proper registration.
Hawk Tuah girl Hailey Welch, who cooperated fully with the investigation, expressed relief after the SEC’s decision. “For the past few months, I’ve been cooperating with all the authorities and attorneys, and finally, that work is complete,” Welch told TMZ.
Her attorney, James Sallah, confirmed that the SEC had closed the case without any findings against her, adding that there would be no monetary sanctions or restrictions on Welch’s future involvement in cryptocurrency or securities.
This Is A Developing News, Please Check Back For More
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Barely a week after hinting at launching an algorithmic USD stablecoin, Sonic Labs is shuttering its plans. Sonic Labs co-founder Andre Cronje revealed that incoming stablecoin regulation in the US contributes to the change of stance.
Sonic Labs Makes U-Turn Over Algorithmic USD Stablecoin
In mid-March, Sonic Labs disclosed plans for a yield-generating algorithmic stablecoin for its blockchain. However, new developments in the US regulatory landscape are forcing the company to ditch its algorithmic stablecoin ambitions.
Sonic Labs co-founder Andre Cronje confirmed the change in direction via an X post following the release of the full draft of the STABLE Act by Congress for clearer oversight. According to the text, lawmakers are pushing for a two-year moratorium on algorithmic stablecoin, souring Sonic Labs plans.
Unlike mainstream stablecoins backed by fiat or other commodities, algorithmic stablecoins rely on smart contracts to maintain their peg. The 2022 implosion of Terra’s ecosystem following the de-pegging of its TerraUSD (UST) algorithmic stablecoin stunned regulators.
“We will no longer be releasing a USD-based algorithmic stablecoin,” said Cronje.
In a light-hearted note, community members teased potential strategies for Sonic Labs to sidestep incoming stablecoin regulation. Apart from the loophole of launching the algorithmic stablecoin before the regulation goes live, Cronje teased an algorithmic dirham that will be denominated in USD.
Industry Players Are Bracing For New Stablecoin Regulations
Stablecoin issuers are steeling themselves for incoming stablecoin regulations in the US. While the GENIUS Act and STABLE Act continue to inch forward, there are common denominators in both bills.
For starters, there is the requirement for equivalent reserves at a 1:1 ratio with both bills steering clear of algorithmic stablecoins. The White House is favoring the GENIUS Act over the STABLE Act as lobbyists rally to stifle the possibility of a Conference Committee.
Authorities are targeting stablecoin regulation to reach Trump in two months as issuers jostle for position. Tether, Circle, and Ripple are staking their claims to lead the US government’s ambitions to rely on stablecoins to maintain the dollar’s dominance.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The Federal Deposit Insurance Corporation (FDIC) has updated its guidelines, enabling banks to engage in cryptocurrency-related activities without seeking prior approval. This new policy shift signals a change in the FDIC’s approach to the growing role of digital assets in the banking sector.
New FDIC Guidelines on Crypto-Related Activities
The FDIC has issued a new Financial Institution Letter (FIL-7-2025), which provides updated guidance for banks looking to engage in cryptocurrency activities. The new guidance rescinds the previous policy set out in FIL-16-2022, which required banks to notify the FDIC before engaging in such activities.
Under the new rules, banks can now participate in permissible crypto-related activities without waiting for FDIC approval, as long as they manage the risks appropriately.
This change is seen as a shift in the FDIC’s stance, following the agency’s earlier stance that required prior approval for crypto engagements. FDIC Acting Chairman Travis Hill expressed that this new approach aims to establish a more consistent framework for banks to explore and adopt emerging technologies like crypto-assets and blockchain.
“With today’s action, the FDIC is turning the page on the flawed approach of the past three years,” said Hill in a statement.
This Is A Developing News, Please Check Back For More
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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