The price of Artificial Superintelligence Alliance USD (FET) has seen a notable increase today, driven by a combination of factors. One significant development is the relaunch of cryptocurrency staking services by Kraken in the United States, which includes FET among the 17 digital assets available for staking. This move comes after a settlement with the SEC and signals a potential shift in regulatory conditions under the new U.S. administration. The reopening of staking services is seen as a positive step towards regulatory clarity, which could be boosting investor confidence in FET and other cryptocurrencies.
Additionally, the broader crypto market is experiencing a wave of optimism due to America's new pro-crypto leadership. This shift in political climate is expected to benefit various cryptocurrencies, including FET, as investors anticipate more favorable policies and regulations. The potential for increased adoption and integration of digital assets into the financial system is creating a bullish sentiment across the market.
The current price of FET is $1.076416, reflecting a 2.87% increase today.