Best Crypto to Buy Now Amid UK Trade Bodies’ Call for Stronger Blockchain Policies

Donald Trump’s arrival in the Oval Office seems to have caused a chain reaction as more and more trade bodies want policies of their respective governments to be crypto-centric. Latest in line are the UK trade bodies that have asked their government to create stronger blockchain policies.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.

Their request to the government is to create a national strategy that could help boost digital asset strategies unimpeded. The rising number of these calls means that one day, the regulatory image of the world in regards to crypto will be different. Therefore, the quest to find the best crypto to buy now has become more critical.

UK Trade Bodies Seeking More Coordination and Competitiveness

The six UK trade bodies in question are UK Crypto Asset Business Council, Global Digital Finance, The Payments Association, Digital Currencies Governance Group, Crypto Council for Innovation, and techUK. In a joint letter addressed to Varun Chandra, Starmer’s special adviser on business and investment, the group argued that UK should “mirror the United States’ ambition” in blockchain and digital finance.

The following are the moves that the coalition has recommended for the UK:

1. Appointing a blockchain envoy to oversee policy coordination and national strategy
2. Create and deploy a concierge service to support tech-based crypto firms
3. Creating an engagement forum for industry professionals, government bodies, and regulators to discuss the growth of blockchain and crypto
4. Focus on the convergence of AI, crypto and quantum computing and how it could benefit the public sector

The coalition has argued that this would add £57 billion to the UK’s economy over the next 10 years. The response to this letter has also been positive. Tom Griffiths, the co-founder of compliance advisory firm BitCompli, for instance, has added that the Financial Conduct Authority should also start moving forward in order to accelerate its strategy to oversight crypto strategy and risks to prevent missing out on investment opportunities.

What This Means for Investors – Best Crypto to Buy Now

While the UK government is yet to officially respond to this letter, it does create an interesting conversation about what could be the best crypto to buy now. The letter talks about crypto regulations related to supporting blockchain technologies. And the focus on the convergence of blockchain and AI hints at the need for more utility-driven cryptos that focus on long-term impact that could benefit the market as a whole.

With that in mind, here are the top three recommendations that could be considered some of the best cryptos to buy now.

MIND of Pepe

Since the letter has mentioned that the policy makers should recognize the convergence of AI and blockchain and how it could benefit the public sector, the first recommendation we have is MIND of Pepe.

While it has an appearance of a meme coin, which it has done so understandably in order to tap into short-term virality, it is an AI agent token.

Elvora Labs has developed it, and according to the techmap given on the official website, its goal is to leverage hive-mind analytical capabilities and real-time intelligence to provide people with deep market insights about the market. And since AI agent is a growing narrative as well, MIND of Pepe will also act as an AI agent, providing engagement to people on social media and talk organically about the meme coin market.

Other than that, the techmap also focuses on providing market insights based on information gathered from the analytical output of other AI agents. Early moving opportunities could also be found this way.

Originally thought to be nothing more than a token simply using the “AI Agent” tool as a viral narrative, MIND of Pepe has now given some glimpse into the developments of the AI agent module. This has been appreciated by YouTubers like Cilinix Crypto that are now willing to rally behind the token.

For short-term traders, MIND of Pepe’s meme aspects could bring value, and for long-term traders anticipating the emergence of crypto regulations in the UK (and worldwide), the project’s utility could generate profit.

Solaxy

The emphasis on technological aspects of blockchain in the joint letter suggests that utility-centric cryptos will offer more value in the future. One of them could be Solaxy. Envisioned as the world’s first L2 solution for the Solana blockchain, Solaxy’s approach is a mix of conventional and unconventional.

The conventional approach emerges from its adoption of rollup technology, which could help deal with congestion issues and make Solana more scalable and efficient. With Solaxy’s unconventional approach, its focus on memes comes into full view.

Solaxy’s website is designed as a meme coin galaxy, where mimetic representations of top intellectuals, such as Albert Einstein, Galileo, and more, create a different type of meme coin vibe. It also highlights the reason Solaxy was created – to make Solana powerful enough to house more meme coins.

And when it comes to Solaxy’s social media, most of the talking points are simply about memes. So, on one side — the website and the articles — it is highlighting the use cases of the project, complete with a developer diary. And on social media, it is talking about memes.

This establishes an image of a fun ecosystem where the goal is to provide people with more options in the utility-based meme coin ecosystem. This essentially makes Solaxy one of the best cryptos to buy now.

Best Wallet Token

The third pick of this “best crypto to buy now” list is another utility crypto known as Best Wallet Token. If regulations in the UK do take a more progressive direction and most of the demands of the trade bodies are accepted, there will likely be an influx of new investors.

These investors would need strong solutions for storing crypto, and since standard decentralized wallets can be too complex, Best Wallet could emerge as a better solution.

Best Wallet is an innovative cryptocurrency wallet that toes the line between accessibility and decentralized governance. That means, the way its UI has been designed will make people think about the top centralized exchanges. However, its governance is focused on community feedback and voting. 

Best Wallet Token is instrumental in unlocking the wallet’s core systems, including the Token Launchpad, staking, portfolio management, market insights and more. Essentially, this token could give new investors a way to interact with the market at a deeper level, which could further give a boost to the cryptocurrency economy.

Final Words

Traders asking the government to create better policies around crypto is just one of many examples of people pushing for a more regulated ecosystem around cryptocurrency projects. And with the US’s new bullish stance around cryptocurrencies, things may change across the globe, leading to even greater pursuit for the best crypto to buy now.

The purpose of this article has been to highlight the request of the trade associations and the impact it could have on the market. If the government responds to them positively, we may see growth within the cryptocurrency market. If not, the market would stay volatile, but investors will still have a chance to make gains thanks to the cryptos listed in this article.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Nikolay

Nikolay is a crypto enthusiast, with a keen interest in emerging technologies and investment strategies. He holds active positions across various crypto exchanges, regularly analyzing and investing in promising new projects and meme cryptos. Nikolay is known for his ability to take calculated risks and extract value from unconventional investments, with his highest return being 13X with the $PEPE token. His investment philosophy includes a strategic approach focused on long-term growth, supported by in-depth research of market trends and innovations in crypto and blockchain technologies. Niki actively monitors global market changes and has a deep understanding of cryptocurrency mechanisms and their potential for development.