Ethereum surged 18% after the SEC eased its crypto stance and Trump met with industry leaders at the White House to discuss tokenization. Robinhood's CEO called it a "tokenization supercycle," and a congressional vote on the Clarity Act could come within a month. Most of crypto's yearly gains happen on just ten days, which is why long-term investors stay put.
Chapters
Damn, what a massive day for crypto. Ethereum up 18%. This comes off the news of the SEC dropping their regulation of crypto assets and the big White House summit today with Trump and all the crypto leaders meeting at the White House talking about how they're moving forward tokenization in the industry. CEO Vlad of Robinhood said this is the beginning of the tokenization supercycle and maybe an official vote on the Clarity Act in the next month. However, if this passes or not, the SEC and CFTC are like, we're just moving ahead anyways. We're going to pass our own stuff. Whether Congress wants to vote on this or not. There's an interesting study that's been done for years on crypto that most of crypto's moves happen in about 10 days per year. The other 354 days a year, it's pretty flat, normal, and then 10 days a year you'll see pops like this. And this is sometimes why you want to be in the market for crypto. As a longtime crypto investor, and me and Dan have run a crypto fund for a long time, it's fun to see days like this, and hopefully it maintains. Follow along to stay in the loop.