Ripple CTO David Schwartz Supports Allegation that Regional Banks Are Obstructing Stablecoin Legislation
There is a discussion going on among crypto enthusiasts, with the topic being that someone is adamant about tanking the stablecoin legislation.
The main suggested culprits are regional US banks, and Ripple’s CTO David Schwartz seems to agree , saying: “That’s what I’m hearing.”
Fear has been cited as the main reason why this may be true. Banks fear stablecoins could disintermediate their market share, with critics like Senator Elizabeth Warren proposing amendments to block tech firms from issuing stablecoins. This just highlights tensions between traditional finance and crypto innovation.
The notion isn’t anything new, as it’s been talked about before how traditional banking institutions perceive stablecoins as a competitive threat to their dominance in payment systems. This also explains why the stablecoin bill GENIUS Act failed in its recent vote.
One of the main legislations surrounding stablecoins is the GENIUS Act. Short for ‘Guiding and Establishing National Innovation for US Stablecoins’, it seeks to regulate stablecoin issuers and integrate them into the US financial system. Two months ago, the GENIUS Act passed the Senate Banking Committee with an 18-6 vote to regulate stablecoins comprehensively.
However, earlier this month, it failed to pass a full Senate vote, as the bill didn’t get the 60 votes needed due to nine Senate Democrats withdrawing their support, as well as two of their Republican peers.
Some mentioned the insufficient anti-money laundering provisions and potential national security risks as reasons for withdrawal, while other reasons were reports of Donald Trump’s ties to crypto ventures, including a $2 billion investment in a Trump-affiliated stablecoin.
Such a turn of events could point to deep divisions and the influence of external factors like the banking sector lobbying.
The interplay between traditional banking interests and emerging crypto regulations will likely shape the future of the financial industry. If the GENIUS Act or any similar stablecoin bills pass in the future, it could be seen as a potential disruptor to banks’ traditional financial services.
For instance, stablecoins could enable peer-to-peer transactions without the need for usual banking intermediaries. Whatever the case, the sooner this is done, the better it will be for the crypto industry, as clear and fair regulations could bolster investor confidence, while prolonged uncertainty may hinder the growth of the crypto sector.
Still, one thing is for sure – the outcome of the GENIUS Act will set precedents for how digital assets are integrated and regulated within the US financial framework.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
🚀 What's Behind the Sudden $SHM Price Surge? A Deeper Dive
The recent price rally of $SHM (Story Token) has captured the attention of meme coin enthusiasts and speculative traders alike. While the surge may appear spontaneous, it reflects a perfect storm of social momentum, low-cap volatility, and classic meme coin dynamics. Here’s a comprehensive breakdown of what might be fueling $SHM’s rapid rise — and what investors should keep in mind.
🧠 1. Meme Power and Narrative Momentum
Meme tokens like $SHM often thrive not on fundamentals, but on storytelling and viral appeal. These tokens generate excitement by offering a humorous or nostalgic narrative — sometimes parodying established crypto trends or embracing chaotic creativity.
If $SHM is marketed as something playful (like “Super Hedgehog Money” or “Secret Happy Meme”), it taps into the speculative nature of meme culture.
Such narratives make tokens "sticky" — easy to remember and share — creating a fertile ground for rapid community formation and viral spread.
📣 2. Social Media Amplification & FOMO Triggers
Meme coins live and die by online visibility. Twitter/X threads, TikTok reels, Reddit posts, and Telegram hype groups act as echo chambers that fuel Fear of Missing Out (FOMO).
Influencers — sometimes with only modest followings — can spark massive price action by showcasing charts or posting memes.
Pump-and-chill groups may artificially coordinate buys, which temporarily inflate price and volume before exiting — often leaving retail traders holding the bag.
📊 3. Low Market Cap, High Impact Moves
$SHM likely entered the market with a low circulating market cap (under $10 million), meaning a few big purchases can spike prices rapidly.
Liquidity constraints on decentralized exchanges (DEXs) make these moves even more dramatic, enabling quick 20–50% price swings in either direction.
🧩 4. Exchange Listings & Trading Volume Surges
New token listings — especially on mid-tier centralized exchanges like BitMart, MEXC, or even high-traffic DEXs — can instantly boost visibility and access.
Daily volume spikes are a classic signal of growing trader interest and speculative rotations from other assets, particularly when blue-chip coins like Bitcoin are stable.
🔥 5. Tokenomics Tricks That Attract Degens
Many meme coins feature deflationary mechanisms (burns, reflections, static rewards), creating a false sense of scarcity.
Marketing terms like "renounced ownership", "fair launch", or "no tax token" are often used to gain trust, despite being common in many rug-pull setups.
Flashy dashboards and meme-heavy websites can convince newcomers to ape in, despite minimal real utility.
🌍 6. Broader Meme Market Influence
When coins like $PEPE, $WIF, or $FLOKI rally, it often triggers a spillover effect, pushing traders to hunt for the “next” gem.
$SHM, even if unknown weeks ago, can benefit from this trend-driven liquidity rotation.
⚠️ Key Risks & Warning Signs
Not all that pumps is gold. Consider the following before diving in:
Pump-and-Dump Activity: Monitor large wallets using tools like Etherscan, Solscan, or DEX Screener. If whales are selling after big buys, the top may already be in.
Concentrated Liquidity: If one or two wallets control >80% of the token’s LP, the risk of a rug pull increases significantly.
Bot Manipulation: Many meme coins are plagued by sniper bots that front-run transactions, often crashing prices post-launch.
✅ Should You Buy $SHM?
📈 Might Be Worth Considering If:
You're fully aware this is a high-risk, high-reward play.
There’s real community traction—not just empty Telegram hype.
Liquidity is locked, the smart contract has been audited, and the team is at least semi-transparent.
🚫 Best to Avoid If:
You’re buying after a massive pump expecting another 10x.
There's no whitepaper, no website, no locked liquidity, or if the devs are completely anonymous.
You're unfamiliar with rug-pull detection or on-chain analysis.
🛠️ How to DYOR (Do Your Own Research)
Dextools / Birdeye: Real-time trading data to spot abnormal patterns.
TokenSniffer / RugDoc: Scan the contract for red flags.
On-chain Wallet Analysis: Use Etherscan to see if large wallets are accumulating or selling.
Community Engagement: Check Discord/Telegram for genuine interaction vs bot spam.
💡 Final Thoughts
$SHM’s rise is a textbook example of meme coin mechanics — rapid speculation driven by virality, low float, and trader sentiment. While such tokens can offer massive upside in a short time, they are just as prone to crashing by 90% or more in a flash.
📌 Rule of Thumb: Don’t invest more than you’re willing to lose, and always exit on the way up, not after the drop.
Achainのソーシャルデータ
直近24時間では、Achainのソーシャルメディアセンチメントスコアは3で、Achainの価格トレンドに対するソーシャルメディアセンチメントは強気でした。全体的なAchainのソーシャルメディアスコアは0で、全暗号資産の中で846にランクされました。
LunarCrushによると、過去24時間で、暗号資産は合計1,058,120回ソーシャルメディア上で言及され、Achainは0%の頻度比率で言及され、全暗号資産の中で1081にランクされました。
過去24時間で、合計13人のユニークユーザーがAchainについて議論し、Achainの言及は合計1件です。しかし、前の24時間と比較すると、ユニークユーザー数は減少で0%、言及総数は減少で0%増加しています。
X(Twitter)では、過去24時間に合計0件のAchainに言及したポストがありました。その中で、0%はAchainに強気、0%はAchainに弱気、100%はAchainに中立です。
Redditでは、過去24時間にAchainに言及した0件の投稿がありました。直近の24時間と比較して、Achainの言及数が0%減少しました。
すべてのソーシャル概要
3