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The regulatory clampdown on crypto is about to take a breather as attention shifts to AI, dubbed “the most transformative technology of this generation.” This recent development signals a shift in regulatory priorities of the US Securities and Exchange Commission (SEC), headed by Gary Gensler. It was necessitated by growing concerns about AI and how it could potentially destabilize the global economy if monopolized for financial market applications. With crypto seemingly posing less financial risk than AI, according to the SEC, projects like Polygon (MATIC) and DigiToads (TOADS) have seen a spike in interest.
In this article, we will delve into the shift in regulatory priorities by Gary Gensler and the SEC from crypto to artificial intelligence (AI). Further, we will explore the surge in interest in Polygon and DigiToads as the landscape faces less scrutiny.
DigiToads (TOADS): The appeal of the rising token explained
DigiToads is an emerging project that is already gathering much attention within the crypto landscape. Meanwhile, the shift in regulatory scrutiny around crypto resulted in an even greater spike in interest in the project, which has been able to raise over $6.8 million in presales.
Its emergence in the crypto landscape was met with enthusiasm, as it appeals to investors and enthusiasts across different niches in the crypto landscape. The project is a convergence between P2E, NFT, and memes. As a result, there has been overwhelming interest in its presales, which is currently in stage 10 at a token price of $0.05. And with its launch date nearing, August 21, DigiToads has been gathering momentum in anticipation, which has been predicted to be bullish.
The chief appeal of DigiToads lies in its fundamentals, which spans play-to-earn and NFT. Players will be able to collect and battle DigiToads while earning rewards, while enthusiasts can mint NFT on the platform.
Additionally, its promises of significant returns resonate with investors aiming to invest in an exciting and profitable project. Experts’ prediction of its growth, which is 5,000% after its launch, highlights its enormous growth potential.
Interest in Polygon (MATIC) rises amid a shift in regulatory scrutiny
Polygon is a layer-2 scaling solution for Ethereum, gaining significant traction for the solution it offers. This includes Polygon’s ability to alleviate network congestion and transaction fees, thereby making it a popular layer-2 destination.
The shift of the SEC away from crypto reduces the pressure on Polygon, which has already been accused of being a security. However, this new development has resulted in a spike in interest in Polygon. A likely scenario is that the token will rally in the coming days, making the future exciting.
AI poses more risk than crypto: Are we about to experience less clampdown from the SEC?
The pivot of the Gary Gensler-led SEC away from crypto to the SEC can be summarized in these words: “We can get to crypto later.” According to Gensler, the SEC needs to prepare for the influence of AI on the financial market and the dangers it might pose if left unchecked. Hence, to give undivided attention, Gensler downplays its focus on cryptocurrency to direct attention towards AI.
With crypto taking a backseat and attention directed to AI, the landscape can now take a breather and evolve with the interests of investors at heart. This has also improved sentiment within the crypto market, with confidence being bullish.
Final Thoughts
With the crypto landscape expected to take a break from the incessant scrutiny from the SEC, interest in projects like Polygon and DigiToads has increased. Their exceptional fundamentals and growth potential make them easy favorites among investors.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
