Standard Chartered Forecasts 70x Arbitrum Price Rise by 2030
The US Senate failed to pass crypto market structure legislation, but the SEC allowed tokenized stock trading. Bitcoin holds at $81,185.
Key points
- Standard Chartered predicts Arbitrum could increase 70 times by 2030.
- The SEC granted a five-year exemption for tokenized stock trading.
- The House passed legislation to formalize the Strategic Bitcoin Reserve.
Standard Chartered projects Arbitrum could rise 70 times by 2030. This forecast stands despite the US Senate failing to pass the CLARITY Act. The legislative gap leaves regulatory uncertainty for the broader crypto sector.
The US Securities and Exchange Commission acted two days after the vote failure. It issued a five-year exemption for tokenized stock trading. This move allows limited trading on decentralized public blockchains without full exchange registration.
Regulatory exemptions fill legislative void
Ripple CEO Brad Garlinghouse expects regulators to issue rules quickly. The SEC exemption uses automated market makers for stock token trading. It excludes synthetic tokens that lack full shareholder rights. This creates a clear boundary for compliant financial products.
The Commodity Futures Trading Commission issued a no-action position for software providers. This protects firms connecting users to regulated derivatives exchanges. The measure simplifies access to perpetual contracts and prediction markets. It reduces the compliance burden for crypto wallet developers.
Bitcoin reserve legislation advances in House
The American Reserve Modernization Act passed the House Financial Services Committee. It formalizes the Strategic Bitcoin Reserve into federal law. The bill also creates a Digital Asset Stockpile for other cryptocurrencies. Federal agencies must now provide quarterly proof of reserve reports.
The Digital Asset Tax Certainty Act also passed with bipartisan support. This legislation aims to reshape the federal tax treatment of digital assets. Coinbase filed a proposal for 24/5 perpetual futures trading on US stocks. Kalshi submitted a similar application on the same day. Cointelegraph reports these moves signal growing institutional interest in regulated derivatives.
Market prices remain stable despite news
Bitcoin ended the week up 5.9 percent at $81,185. Ethereum rose 6.6 percent to $2,639. XRP gained 5.4 percent to reach $1.40. The total cryptocurrency market capitalization stands at $2.78 trillion. These figures reflect resilience despite the failed Senate vote.
