President-elect Donald Trump met with Crypto.com CEO Kris Marszalek at Mar-a-Lago, where they discussed a federal bitcoin stockpile and a crypto-friendly regulatory framework. Following the meeting, Crypto.com dropped its lawsuit against the SEC, signaling optimism about Trump's regulatory approach. Trump has pledged to implement regulations crafted by industry supporters and plans to replace SEC Chair Gary Gensler with former Commissioner Paul Atkins.
Crypto.com has voluntarily withdrawn its lawsuit against the SEC, a surprising move following CEO Kris Marszalek's meeting with President-elect Donald Trump. The discussions included potential government appointments and a proposed national Bitcoin reserve, signaling a shift towards collaboration with the new administration, which is seen as more supportive of crypto innovation. Key appointments, such as Paul Atkins as SEC Chairman and David Sacks as the White House A.I. & Crypto Czar, further indicate a pro-crypto regulatory environment.
Ethereum spot ETFs have seen a significant net inflow of $145 million, reflecting growing institutional interest, with BlackRock’s ETHA leading at $3.365 billion. Grayscale’s ETH also contributed, increasing its net inflow to $616 million, while cumulative net assets for Ethereum spot ETFs reached $14.04 billion.In related news, President-elect Trump met with Crypto.com CEO Kris Marszalek to discuss establishing a U.S. Strategic Bitcoin Reserve, aimed at enhancing economic security and consolidating government-held Bitcoin. This initiative follows Trump's engagement with other crypto leaders and coincides with Bitcoin hitting an all-time high of $108,268.45.
Crypto.com CEO Kris Marszalek met with President-elect Donald Trump at Mar-a-Lago to discuss a potential national Bitcoin reserve and regulatory frameworks for the crypto industry. Following the meeting, the exchange's native token, Cronos (CRO), surged over 25%. The crypto community has expressed optimism about the new administration's approach to digital assets, with Crypto.com withdrawing its lawsuit against the U.S. Securities and Exchange Commission (SEC) to collaborate on regulations.
President-elect Donald Trump met with Crypto.com CEO Kris Marszalek at Mar-a-Lago to discuss cryptocurrency policies, including a proposed national Bitcoin reserve. This meeting coincided with Crypto.com dropping its lawsuit against the SEC, aiming to collaborate with the new administration on regulatory frameworks. Trump has also made key appointments favoring the crypto industry, including David Sacks as his “AI and crypto czar.”
President-elect Donald Trump met with Crypto.com CEO Kris Marszalek at Mar-a-Lago to discuss potential crypto appointments and Bitcoin reserves. The meeting aligns with Trump's strategy to appoint crypto advocates to key financial positions, aiming to establish clear regulations for the industry.As Trump transitions, he has already nominated Paul Atkins as SEC Chairman and is expected to announce the CFTC chair soon. Meanwhile, Crypto.com has filed a lawsuit against the SEC, challenging its jurisdiction over crypto assets and seeking clarity on regulatory oversight.
Bitcoin's price could reach $160,000 in 2025, driven by improving macroeconomic conditions and easing global monetary policies, according to Matrixport. The European Central Bank's recent interest rate cut and expectations of a Federal Reserve rate reduction are expected to boost investor sentiment and capital flows into risk-on assets like Bitcoin. Following a significant deleveraging in the crypto market, analysts believe this sets the stage for a potential rally as demand for Bitcoin ETFs and global liquidity expands.
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