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Donald Trump, who previously labeled cryptocurrencies a “scam,” is now seen as a potential catalyst for the industry’s mainstream acceptance. As crypto advocates anticipate a second Trump administration, discussions arise about the future of digital currencies, including the appointment of Paul Atkins as SEC chair and the possibility of Bitcoin reaching $100,000.
Bitcoin has surged to an all-time high of $100,000, fueled by optimism surrounding Donald Trump's SEC pick, Paul Atkins, who is expected to adopt a more favorable stance towards digital assets. Trump's administration aims to ease regulations that have previously hindered the crypto market, alongside plans for a strategic Bitcoin stockpile. The recent US elections also saw the rise of pro-crypto candidates in Congress.
Bitcoin surged toward $100,000 following Donald Trump's selection of a crypto advocate as the next SEC head, raising hopes for looser regulations. The largest digital asset climbed over 3% to $99,226 before settling at $98,451 in early Asian trading. Since Trump's election victory on November 5, the crypto market has gained approximately $1.4 trillion.
President-elect Donald Trump plans to nominate Paul Atkins, CEO of Patomak Global Partners and former SEC Commissioner, as the new SEC chair, signaling a pro-crypto approach. Atkins, known for his common-sense regulatory views, would replace Gary Gensler, who faced criticism from the digital currency community. Trump's administration aims to foster innovation in capital markets and ease regulations on digital assets, reflecting his broader deregulatory agenda.
The US Securities and Exchange Commission (SEC) reported a record $8.2 billion in penalties and investor relief for fiscal 2024, despite a 26% decline in the number of enforcement cases compared to the previous year. This marks a significant achievement for the agency in its efforts to protect investors.
A federal judge in Texas has invalidated new SEC rules requiring certain firms to register as dealers in the US Treasuries market, siding with hedge funds that argued the regulations were overly broad and detrimental to market activity. Judge Reed O’Connor stated that the SEC acted beyond its authority in implementing these rules.
Bitcoin reached a record high following the US election and the Federal Reserve's recent interest rate cut, which adjusted rates to 4.50-4.75%. Fed Chairman Jerome Powell confirmed he would remain in his position despite potential pressure from Trump, who may influence crypto regulations if he replaces SEC Chairman Gary Gensler. Investors are optimistic about the possibility of strategic Bitcoin government reserves, although plans remain uncertain.
Bitcoin has surged past $76,000, reaching a record high following Donald Trump's election victory, with investors eyeing the $80,000 mark. A new regulatory era for Bitcoin in the U.S. is anticipated, contingent on Trump's actions, including potential changes at the SEC. Investors are optimistic after a swift election result, which alleviates market uncertainty, while expectations grow for a possible interest rate cut by the Federal Reserve.
Bitcoin's price surged to $71,500, buoyed by optimism surrounding a potential Trump victory in the upcoming US elections, as he promises a pro-crypto agenda. Technical indicators suggest a bullish trend, with a critical resistance level at $73,000 that could trigger significant buying interest. The risk/reward ratio favors buying, with a target of $100,000 and a stop at $63,000.
The US Securities and Exchange Commission has filed a civil suit against Ryan Choi, an associate of short seller Andrew Left, for allegedly aiding in the creation of misleading social media posts and research reports. This lawsuit expands on existing charges against Left, who faces criminal allegations for profiting from stock manipulation through public recommendations and private trades.
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