Trump's Crypto Boost: iDEGEN Surges Amidst Regulatory Shift

The latest executive order from the Trump administration has removed regulatory hurdles for cryptocurrencies, positioning digital assets such as iDEGEN for impressive growth in the upcoming sessions. Unclear regulations have dented the crypto market over the past years, but this could be over with Trump’s executive order prioritizing “promoting and protecting” cryptocurrency development and usage.

iDEGEN is a new AI crypto asset that went viral over the past few weeks, with its lucrative presale raising over $18 million so far. The project leverages artificial intelligence and crypto enthusiasts on X (Crypto Twitter) to learn and respond to each tweet. Its unique approach and dynamic pricing model have earned over 21,330 holders more than 13,100% in profits since launching a few weeks ago.

The new policies are addressing challenges that have frustrated crypto enthusiasts. Many have complained about the SEC’s SAB 121 accounting rule in 2022, which demanded banks classify crypto as liabilities. The rule prohibited financial institutions from offering cryptocurrency custody services by introducing stiff capital requirements. However, the latest updates show the agency withdrew SAB 121, removing one of the main challenges for financial institutions interested in crypto.

Wall Street CEOs confirmed their positive stances on crypto during the recent World Economic Forum (WEF) in Davos, Switzerland. Morgan Stanley’s Ted Pick confirmed that his firm will cooperate with the Treasury and other authorities to determine ways to offer crypto services safely. The financial giant has heralded crypto developments over the past years, often extending boundaries before its peers. Morgan Stanley shocked the financial sector after becoming the first US bank to offer its customers access to BTC funds in 2021. As of 2024, the institution has permitted its advisors to promote Bitcoin exchange-traded funds (ETFs) to clients.

Bank of America chief Brian Moynihan welcomed the crypto changes looking to boost crypto in the US. While refraining from endorsing digital tokens as investment assets, Moynihan compared crypto’s payment utility to Apple Pay or Visa.

The ongoing US regulatory transformations appear timely for iDEGEN and its projected growth in the upcoming months. The AI project will close its multi-million ICO on February 26 before debuting on cryptocurrency exchanges the following day. Friendly crypto regulations, AI capabilities