The debt limit talks between the White House and House Republicans have come to a complete halt at a weekend in which President Joe Biden and world leaders watched, hoping that high-stake negotiations can progress and avoid a potential federal default.
Now, Biden’s administration has begun reaching for a deal with Republics that are led by House Speaker Kevin McCarthy.Investors are currently scared about the future and, as a result, are diversifying their wealth by making moves in the blockchain industry and presale-stage projects like Tradecurve.
Summary:
- President Joe Biden indicates that he is willing to make a critical debt ceiling compromise as he opposes the current proposal.
- This was a proposal with Republican leaders that would allegedly benefit crypto traders.
- Investors are turning to the Tradecurve hybrid exchange to get the most out of their investments.
President Joe Biden Has Opposed the Debt Ceiling
Republicans want stricter work requirements for any recipients of food stamps or other welfare benefits, annual caps on future discretionary spending, and even expedited permitting for oil and gas projects. The White House has also been open to components of each but will not go as far. Over the weekend, the Republicans proposed a new cut to the Supplemental Nutrition Assistance Program that President Joe Biden opposed.
Alleged protection for crypto traders was also proposed, which referred to tax-loss harvesting. Based on data from the Washington Post, there is an ongoing discussion between the White House and Republican leaders about blocking this mechanism for cryptocurrency traders.
Moreover, the White House aims to flip this debate by proposing tax increases on the wealthiest Americans and corporations by not renewing tax cuts passed under the Trump administration in 2017.
“I’m not going to agree to a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly a hundred — excuse me — nearly 1 million Americans,” said President Joe Biden.
Biden claimed that the White House put forward a proposal that included $1 trillion in spending cuts, but as a part of the proposal, the Democrats wanted the tax overhaul. Whether Biden can strike a deal with McCarthy is still a major test, and the future is uncertain. Many investors are moving their assets as they are worried about the future.
Worried Investors Turn Their Attention to High-Momentum and Presale-Stage Project Tradecurve (TCRV)
Most centralized exchanges have a lot of restrictions. From geographical location restrictions to mandatory KYC procedures to pass a specific limit or unlock features, it can be difficult for new investors to get started.
As a result of this, the team at Tradecurve developed their hybrid exchange to not require KYC, to be open to anyone on a global scale, and to provide a seamless, borderless experience with the lowest fees in the industry. While exchanges like Binance and Kraken have high commissions, which eat up traders’ profit margins, Tradecurve will feature the lowest fees in the industry.
As more and more people begin to lose faith in CEXs after the collapse of FTX, Tradecurve will implement Proof of Reserves (PoR) and will be the only trading platform that will let users deposit crypto and use that same crypto as collateral to trade derivatives.
During its Stage 2 presale, the TCRV utility token trades at $0.012. Analysts predict that the token can climb in value by 50x during the presale and by 100x at launch. Moreover, Tradecurve will implement different features like high leverage at 500:1 for those that need it, algorithmic trading, negative balance protection, and a dedicated VIP account service. These aspects make the TCRV token a solid investment opportunity during these uncertain times.
For more information regarding Tradecurve’s presale, see links below:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
