The U.S. FIT21 crypto bill, supported by House Majority Whip Tom Emmer, could be approved by the end of this year. The landmark bill aims to establish a federal framework for regulating cryptocurrencies. As regulatory clarity grows, industry players like Trust Wallet are reinforcing their commitment to user security.
Trust Wallet recently dispelled rumors about being delisted by Binance, emphasizing its commitment to users’ security. However, the wallet has faced serious security breaches before, with one user alone losing up to $4 million.
As crypto becomes more mainstream, the risks of such attacks continue to grow. Plus Wallet is a compelling new option that responds to this need for safety. It offers excellent security while standing out with innovative features like Swap to Earn and Refer to Earn. These programs turn routine wallet activities into rewarding income sources.
Earlier this month, rumours spread on social media, alleging that Binance planned to delist Trust Wallet Token (TWT). This led to many holders panicking and selling off their tokens. Following this TWT's price dropped by 25%, reaching a low of $0.715. In response, the Trust Wallet team issued a statement debunking these claims.
They reassured users that TWT would not be delisted and condemned those responsible for spreading misleading information. Trust Wallet has dealt with security incidents before. This includes a flaw that led to $170,000 in losses in November 2022, and a hack in February 2023—which resulted in a $4 million loss for one user.
House Majority Whip Tom Emmer (R-MN) believes there is strong support for crypto regulation in the United States. This sentiment could bring the FIT21 crypto bill into law by the holiday season. The bill would set up a federal framework for regulating digital assets, with oversight from two agencies, the CFTC and SEC.
It allows issuers to self-certify assets as digital commodities. President Joe Biden and SEC Chair Gary Gensler are against the bill. however, Emmer is confident it has enough bipartisan support to pass. He believes it could be passed either by the end of the year or soon after, in early 2025.
The crypto market is bigger than ever before. On one hand, this points to excellent growth potential for traders, but this increased interest also makes traders and their assets vulnerable to attacks.
In this environment, Plus Wallet provides essential support to traders, integrating security features with its broad functionality. Whether users need to store cryptos or engage in staking on multiple blockchains, they can do so with full confidence that their assets will remain secure.
Plus Wallet utilises advanced encryption and threat detection systems to proactively prevent unauthorised access and ensure users' assets are safe from hackers. It also has a distinct competitive edge over the traditional wallets that traders typically use.
This wallet presents its users with two exceptionally simple methods to start earning passive income. Through its Swap to Earn feature, users receive a reward for every exchange they make on the platform.
Complementing this is the Refer to Earn program. Users can invite others to join the app, and when these referrals begin trading, a new source of income opens up. Users then earn additional rewards based on their referrals’ swapping activity as well.
Combining robust security with substantial earning opportunities, Plus Wallet offers a secure crypto wallet that allows users to consistently boost their income.
Trust Wallet’s recent rumors and their impact on Trust Wallet Token’s price highlight the importance of verifying information before undertaking major transactions. On the legislative side, Majority Whip Tom Emmer is positive about major bipartisan support for the F121 crypto bill. If the bill passes, it could spell major changes for crypto regulation in the United States.
As the crypto market sees rapid growth, traders need wallets that can keep up. Plus Wallet’s exciting rewards structure and advanced security ensure that traders make maximum returns while staying confident in the safety of their assets.
Explore Plus Wallet:
Website: https://pluswallet.app/
Download: https://onelink.to/pluswalletapp
Twitter: https://x.com/pluswalletapp
Instagram: https://www.instagram.com/pluswallet.app/
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