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Hey everyone, how's it going? As of the past few days, the whole market wasn't in such a good position. And at the same time I have started feeling that altcoins might not come back as soon as we thought they would. They have crashed again. Most coins have lost a substantial amount of value. BTC also lost but the proportion was lower. Joy, in other words, btc's market domination has been steadily growing even through this small dump. So many might wonder where crypto is headed. And after all the promises made by the American government to be a crypto friendly administration and legislations that should make crypto life easier, we'll get to see any substantial improvement. But there are some claims that have been made and it has been only 6 months for the administration. Based on what I understand, a proper bill takes some time to get past in both the house and the Senate. Based on that regard alone, I think pro crypto legislations are still yet to come and I want to talk about just that.

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![pexels-davidmcbee-730564.jpg](https://files.peakd.com/file/peakd-hive/abrar-fahim/EogNPw1KvWopzFrvmjXTPa5FCsj8iHvfJNnKLfgwqMWE7j6xe4CBgmZeGU2YvvNDqZh.jpg)
[Source](https://www.pexels.com/photo/round-silver-and-gold-coins-730564/)

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Before that I want to get some funny things out of the way. Information has come to light that President Donald Trump is having dinner in the White House with people who hold a certain amount of Trump meme coins as bonkers. It sounds completely out of order from what I've seen from American presidents. And it has enabled basically anyone with a substantial amount of money to gain access to the White House. I mean I understand that it was previously also possible for businessmen and other influential peoples. Maybe get into the White House but now the line has been blurred a lot more. Because the holding of substantial doesn't require you to be an influencer figure.  Anyway, if we move back to the actual crypto market and legislation that I would say tides are changing. Since the SEC chair has been changed, the stance of it is also changing. The current commissioner is suggesting changes to the rules that could allow companies to tokenize securities with less regulation. This will basically allow companies to explore more with crypto and stable coins. In other words, this removes a lot of scrutiny from the stable coin companies. Joy, they are more free to operate. And I believe this could put a little wind into the sale of crypto booming.

But that is only the SEC. The house and the Senate, although are leaning more towards crypto than ever. They still need to show proper support on paper so that companies and entrepreneurs alike can invest more into this industry so that crypto can go forward.

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