The US is moving full steam ahead on crypto as the Trump administration's new crypto chief rushes to push several crypto bills.
Patrick Witt took over from Bo Hines last month as the new executive director of the President's Council of Advisors on Digital Assets.
Since then, he's been working to persuade parties across the political spectrum in Congress to pass the Senate's cryptocurrency market structure bill, which he believes in its current form will cover 80% of the crypto market not addressed by the GENIUS act.
We'll explore why passing these bills could benefit the crypto market and boost projects like Snorter Token ($SNORT), but first, let's look at why this legislation is important.
These two pieces of legislation aim to bring clear regulation to most of the crypto market. Crypto has long been viewed as operating in a legal grey area, but the GENIUS Act will establish a comprehensive federal framework for stablecoins.
In turn, investors and financial services who have been discouraged by the regulatory risks associated with crypto will now have a clear path to invest. Greater institutional adoption is the ultimate goal for the maturity of the crypto market.
The creation of the Strategic Bitcoin Reserve should cause the price of $BTC to rise significantly, as it signals that Bitcoin is a legitimate store of value comparable to sovereign treasury reserves. Other countries are likely to consider establishing their own reserves if the US succeeds.
In short, the crypto market as a whole is poised to grow due to US regulation. It will spark a surge of capital inflows that could greatly benefit altcoins like $SNORT, which powers the Snorter Bot.
Snorter bot is an all-in-one trading tool that combines automated crypto swaps with powerful intelligence features, making it the ideal partner to ride the crypto wave. Let's see what it can do for your portfolio.
Snorter Token ($SNORT) is the official token of Snorter Bot, a Telegram-based trading bot that handles the hard work for you.
Buying and selling altcoins at the right time is challenging - the market moves so fast that trading manually keeps you from taking advantage of those quick, fleeting opportunities.
That's where Snorter comes in. It handles trades for you with automated buy and sell orders you can set up from a mobile-friendly Telegram interface.
Snorter also identifies high-performing altcoins in real time and scans them with a honeypot detection engine that warns you of potential rug pulls. In beta testing, the system achieved an 85% success rate.
When Snorter releases, it will support the Solana network, with additional modules for Ethereum, BNB, Polygon, and Base coming after launch.
Caption: Snorter promises fast swaps, honeypot detection, and copy trading with the $SNORT token
The $SNORT token also unlocks a bunch of interesting features, such as:
The Snorter Bot is almost ready to launch, but it's not available yet. In the meantime, buying $SNORT gives you an early advantage -- once the bot is released, you'll be able to access all the features exclusive to $SNORT holders.
There are some great advantages too - you can currently buy $SNORT at $0.1039 and earn up to 122% in staking rewards. It's a dynamic presale, so don't wait too long. $SNORT's price will gradually increase as the presale approaches its end.
Get in on $SNORT's presale before the pre-Q4-2025 release of Snorter Bot.
The appointment of a new Crypto Tzar clearly shows that the Trump administration is eager to fulfill its ambitious plans to become the world's leader in crypto sooner rather than later.
Seeking bipartisan approval on the bill also shows that Witt is eager to pass the legislation with as few complications as possible.
Clear legislation will attract significant investment into the crypto industry from hesitant investors, leading to a more vibrant Web3 environment where projects like Snorter Token ($SNORT) can thrive.