5 Altcoins to Achieve American Dream as US Senator Confirms Cryptocurrencies Are Not Securities

The US crypto regulatory framework has shifted since the November election. According to Senator Cynthia Lummis, the US is working on a digital asset legislation that will provide much-needed regulatory clarity. This move will position the US as a major crypto hub and greatly benefit some altcoins. In this article, we discuss 5 altcoins that you can buy today to achieve the American dream and scoop massive profits.

5 Altcoins to Buy to Achieve the American Dream 

In her recent X post, Senator Lummis stated that a recent Senate hearing had uncovered that most digital assets were not classified as securities under the Howey test. She added that the US would join other countries in formulating laws for digital assets. 

Lummis’ statement aligns with the changes that have happened at the US Securities and Exchange Commission (SEC) over the past year. The regulator has dropped lawsuits against multiple companies and established a crypto task force. The SEC also recently declared that meme coins are not securities. 

As the US becomes one of the most crypto-friendly nations, below are the top 5 altcoins to buy to achieve the American Dream. 

Ripple (XRP) 

Ripple (XRP) is the best altcoin to buy to achieve the American dream as it is well-positioned to benefit under a crypto-friendly framework. After the SEC lawsuit, XRP price faced bearish trends until last year when Trump’s election stirred an over 200% rally. 

The SEC vs. Ripple case is on the verge of a settlement. Once the case ends, XRP will become one of the altcoins with a clear regulatory standing. Speculation is also rife about whether XRP will be added to the national reserve. 

Solana (SOL) 

The Solana altcoin is also a top altcoin to achieve the American dream. Solana was labeled a security by the previous SEC Chair Gary Gensler in the lawsuits against Coinbase and Binance. The SEC has already shut down the case against Coinbase, which may offer regulatory clarity about Solana. 

Besides regulations, Solana is also on the verge of a spot ETF approval after the CME futures announced plans to launch Solana futures on its derivatives marketplace. This launch could bode well for Solana price in the future. 

Cardano (ADA) 

Grayscale, the largest digital asset manager that was instrumental in getting the SEC to approve a spot Bitcoin ETF, has filed for Cardano ETF. If a spot ADA ETF is approved, it will drive institutional demand for Cardano and fuel a bullish Cardano price prediction. Moreover, ADA’s monthly chart shows a potential double bottom pattern, which may stir a rally past $3, making Cardano one of the top altcoins to buy to achieve the American dream. 

Litecoin (LTC) 

Litecoin may become the third altcoin to have a spot ETF in the US according to Bloomberg analysts. The ETF narrative drove a 129% rally for Litecoin price in late 2024 and a similar rally will likely happen if the ETF receives approval. Moreover, LTC is on the verge of breaking a major $140 price hurdle that could push it towards $300. 

Chainlink (LINK) 

Chainlink is also one of the top altcoins to buy today. LINK may be on the verge of a breakout due to the Market Value to Realized Value (MVRV) ratio, which is currently negative, suggesting that most traders are sitting in losses. A deeply negative MVRV suggests a potential rebound that outlines a bullish Chainlink price forecast.  

Final thoughts – Top 5 Altcoins to Buy for the American Dream

The top 5 altcoins to buy today to achieve the American dream are XRP, Solana, Cardano, Litecoin, and Chainlink. These altcoins have the potential to rally due to bullish macro factors including a friendly regulatory framework in the US that could drive gains. 

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muthoni

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.