Tron (TRX) and the PELOSI Act: Implications for Lawmaker Crypto Trading
The U.S. Senate committee recently passed the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act in a narrow 8-7 vote. This legislation seeks to prohibit lawmakers and their families from trading individual stocks and digital assets, including cryptocurrencies like Tron (TRX), during their tenure. The bill, which saw bipartisan support with Senator Josh Hawley (R-Mo.) voting in favor, has sparked debate among Republicans who argue against its implications. As the crypto market continues to evolve, this development could have significant repercussions for digital assets, particularly those like TRX that are gaining traction in the financial sector. The passage of this act underscores the growing scrutiny on cryptocurrency trading among public officials and its potential impact on market dynamics.
PELOSI Act Advances with Narrow Senate Committee Vote, Targeting Lawmaker Crypto Trading
The U.S. Senate committee narrowly approved the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act in an 8-7 vote. The legislation aims to ban lawmakers and their families from trading individual stocks and digital assets, including cryptocurrencies, during their tenure.
Senator Josh Hawley (R-Mo.) crossed party lines to support the bill, while most Republicans argued it could deter qualified candidates from public service. Named after former House Speaker Nancy Pelosi—who faced unproven insider trading allegations—the act addresses longstanding concerns about lawmakers profiting from privileged information.
The contentious vote revealed DEEP divisions, with critics calling the expedited process a "publicity stunt." The outcome signals growing scrutiny of cryptocurrency holdings among government officials as digital assets gain prominence in financial markets.
TRON Inc. Files $1 Billion SEC Shelf Offering to Acquire 3.1 Billion TRX Tokens
Tron Inc. has taken an aggressive step in the cryptocurrency market by filing a $1 billion shelf offering with the SEC, aiming to acquire up to 3.1 billion TRX tokens. This move marks an 849% increase from its previous purchase of 365 million TRX in June, signaling strong confidence in the TRON ecosystem.
The TRON blockchain has recently overtaken ethereum as the leading platform for USDT supply, with over $80.8 billion in circulation. Whale activity has surged by 526%, with unrealized profits reaching all-time highs, reflecting growing institutional interest.
TRX is currently trading at $0.33, with key resistance levels at $0.35 and $0.40. The shelf offering provides TRON Inc. with the flexibility to scale its holdings over time, potentially fueling further price appreciation.
TRUMP Memecoin Listed on SUN.io After Losing Over 40% – Rebound Soon?
TRUMP, the controversial memecoin themed after U.S. President Donald Trump, has secured a listing on SUN.io, the leading decentralized exchange within the TRON ecosystem. This MOVE comes as the token struggles to recover from a 40% price drop since its April peak of $16.44, now trading around $9.44.
The listing provides TRUMP with fresh exposure and liquidity, potentially aiding its recovery. Technical indicators suggest a tentative bottom at $8.30 in June, followed by higher highs—a bullish signal. The SUN.io integration could catalyze renewed interest, though listings alone don’t guarantee rallies.
Tron and Fartcoin Trend While BlockchainFX Gains Traction
Tron (TRX) and Fartcoin dominate Coinmarketcap's trending charts this week, fueled by community engagement and meme-driven hype. Tron's persistent development updates contrast with Fartcoin's lighthearted appeal, yet both pale in comparison to the quiet rise of BlockchainFX.
BlockchainFX has raised $4.2 million in its presale, offering tangible financial utilities absent in most altcoins. The project rewards users with referral bonuses, daily staking payouts in USDT and BFX tokens, and premium Visa cards with global spending power. Its ecosystem approach positions it as a 2025 standout.
Affordable Cryptos Building Substantial Value: BlockDAG, Cardano, Tron, and Stellar Defy Price Perceptions
Cryptocurrencies trading below $1 are increasingly capturing investor attention not for their nominal value, but for their underlying technological progress. Projects like BlockDAG, Cardano (ADA), Tron (TRX), and stellar are demonstrating that low price points don't preclude meaningful innovation or adoption.
BlockDAG's trajectory exemplifies this trend. Priced at $0.0016, the project has secured $356 million in funding and distributed 24.4 billion coins. Its upcoming launch price of $0.05 could deliver early investors a 3,025% return, with the current pricing window closing August 11. Meanwhile, established players like Cardano continue advancing their ecosystems despite modest token valuations.
The market is shifting its focus from pure price speculation to fundamental development metrics. These sub-dollar assets are attracting capital through working products and growing communities rather than speculative hype, suggesting a maturation in crypto investment strategies.
