As President Biden's deadline for deciding on the SEC’s cryptocurrency regulations approaches, Bitcoin’s market response remains cautious. Currently trading at $68,400, the cryptocurrency has seen a slight decline of 0.50%, indicating a possible bearish trend as investors weigh the potential impact of regulatory changes on Bitcoin’s value.

Biden’s Decision on SEC’s Crypto Rules Nears as Veto Deadline Approaches
President Joe Biden faces a critical deadline to decide on a resolution that could overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121). This resolution, already passed by both the House and the Senate, is threatened with a veto by the White House. Biden has until June 3 to act on this Congressional decision, which challenges the SEC's controversial crypto regulations governing digital asset handling by brokers.

Potential Outcomes of Presidential Action
The Chamber of Digital Commerce outlines three potential actions: veto the resolution, sign it into law, or do nothing, allowing it to become law if Congress is in session. A presidential veto would likely end the effort to overturn SAB 121, as Congress probably lacks the two-thirds majority needed to override it. Signing or not signing the resolution (while Congress is in session) would nullify SAB 121 and prevent the SEC from implementing a similar rule in the future.

Implications for Bitcoin and Crypto Regulation
This decision is crucial for the cryptocurrency market, including Bitcoin, as it will influence digital asset regulation in the United States. The outcome could affect investor confidence and market stability, as clear regulatory frameworks are essential for mainstream crypto adoption. Additionally, the House has advanced the Financial Innovation and Technology for the 21st Century (FIT21) Act, aiming to create a comprehensive regulatory framework for digital assets. The Biden administration has shown a willingness to collaborate with Congress on this issue, indicating a potential softening of its stance on crypto regulation.

Bitcoin Price Prediction
Bitcoin is currently trading at $68,400, marking a slight 0.50% drop and signaling a bearish trend. The digital currency is just above its critical support level of $68,500, which will determine its short-term movement. Immediate resistance levels are at $69,600, $70,650, and $71,950, while support levels are at $67,265, $66,380, and $65,144. Technical indicators present a mixed outlook: the Relative Strength Index (RSI) is at 47, indicating neutral market sentiment, and the 50-day Exponential Moving Average (EMA) is at $68,737, slightly above the current price, suggesting potential resistance.

Conclusion
Bitcoin’s current stance is delicately balanced at $68,502, with nearby pivotal support and resistance levels. A bearish trend is possible below $68,500, while maintaining or breaching this level could target higher resistance. The neutral RSI and close 50 EMA suggest cautious trading, with potential market shifts based on upcoming price movements.

Mega Dice Presale Nears Final Stage with $1.34M Raised: Last Chance Before Price Increase

The Mega Dice presale is nearing its final stage, having raised $1.2 million with over 19 million $DICE tokens sold out of 28 million. This surge in investment highlights growing interest in crypto-integrated iGaming platforms within the Web3 space, where Mega Dice is making significant progress. The Mega Dice community on Telegram has reached 10,000 members, actively engaging in discussions about $DICE, utilities, and partnerships, and providing technical support.

In the expanding GambleFi sector, Mega Dice uses its $DICE token to enhance the online gaming experience, offering players entry into exclusive competitions and a loyalty program with generous rewards. The buyback and burn strategy aims to maintain token scarcity and boost market value. With the presale ending soon and the next price stage imminent, now is a crucial time for potential investors. Stay updated on Mega Dice’s latest developments via platforms like X/Twitter and Telegram, and consider joining the presale before the price increases to $0.075 per $DICE token.