Relaxed Cryptocurrency Regulations Proposed by SEC - Top Picks for Cryptocurrency Investment at Present

In the ever-evolving world of cryptocurrency, two exciting developments are making waves: Bitcoin Hyper and the token $SRX.

Bitcoin Hyper, a novel Layer 2 (L2) solution, aims to address the long-standing issues plaguing the Bitcoin network, such as slow transaction speeds, high gas fees, and the lack of smart contract support. This ambitious project is set to launch this quarter and promises to revolutionize the way we interact with Bitcoin.

The foundation of Bitcoin Hyper is its Canonical Bridge and the Solana Virtual Machine (SVM). This combination will enable a bridge for original Bitcoin (BTC) to be wrapped 1:1 on the L2, allowing users to harness the power of Bitcoin across DeFi protocols like dApps, DEXs, and lending platforms.

Meanwhile, $SRX, the token associated with the decentralized storage platform StorX, has seen a 25% surge in value last week. This increase came after StorX announced its integration with n8n for automated, encrypted Jira backups using decentralized storage.

The price of $SRX can be found on leading exchanges, including MEXC and BingX, for approximately $0.071.

On the regulatory front, key figures in the development of crypto regulations in the USA are the chairman of the Financial Crimes Enforcement Network (FinCEN) and the European Commission. The FinCEN has considered regulating NFT exchanges as Virtual Asset Service Providers due to money laundering risks, while the European Commission announced in July 2022 that it would assess NFTs as an asset class and develop appropriate regulations if necessary. However, the actual implementation of these proposals is complicated by fragmentation and competition among various US authorities.

Interestingly, Bitcoin currently processes 4.57 transactions per second (tps) compared to Ethereum's 20.52 tps. Additionally, Bitcoin's average gas fees are $1.36, over 112% greater than Ethereum's $0.64. These figures highlight the need for a solution like Bitcoin Hyper.

By investing in the $HYPER presale, you not only support this innovative project but also have a say in Bitcoin Hyper's future path and earn staking rewards at a 78% Annual Percentage Yield (APY). However, this rate will decrease as more investors seeking passive income join in.

With these developments, the future of Bitcoin and decentralized storage looks promising and exciting. Keep an eye on Bitcoin Hyper and $SRX as they shape the landscape of the cryptocurrency world.