{
}
Paul Atkins, nominated by President Trump as the next SEC chair, is expected to shift the agency's approach to crypto regulation, moving away from the aggressive tactics of his predecessor, Gary Gensler. While Atkins is pro-crypto and advocates for clearer regulations, significant changes may take time due to existing legal precedents and ongoing lawsuits. His familiarity with current SEC staff, including pro-crypto commissioners, could facilitate a more accommodating regulatory environment for the industry.
Chainlink's price has surged to $29.4, its highest since November 2021, driven by significant whale accumulation and strategic partnerships, including collaborations with Coinbase and Emirates NBD. The coin has maintained a bullish trend, surpassing critical resistance levels, with potential to reach $50 as it secures over $38 billion in total value. In U.S. politics, French Hill has been elected as the next Chair of the House Financial Services Committee, promising to advance cryptocurrency legislation under a pro-crypto administration, signaling a shift in regulatory approaches as key figures in the SEC and CFTC are set to change.
Avalanche has successfully raised $250 million in a token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, with over 40 investment firms participating. This funding aims to support the upcoming launch of the Avalanche9000 upgrade, which seeks to significantly reduce transaction costs and enhance application deployment on the layer-1 blockchain.In a separate development, the renomination vote for SEC Commissioner Caroline Crenshaw has been postponed, amid criticism from crypto advocacy groups regarding her stance on regulatory policies. The delay raises the possibility of a Republican-majority SEC following the upcoming presidential transition.
Goldman Sachs CEO David Solomon stated that the bank will not engage in cryptocurrency trading until U.S. regulations change. He emphasized that as a regulated institution, they cannot own cryptocurrencies like Bitcoin as a principal, although they continue to advise clients on related technologies. This comes amid rising interest in crypto products, highlighted by BlackRock's Bitcoin ETF surpassing its gold counterpart.
Mark Cuban recently appeared on Jon Stewart's podcast, discussing the impact of crypto on the 2024 election and urging the Harris campaign to engage young male voters. He emphasized that the administration's stance on digital assets could significantly influence voter turnout. During the conversation, Stewart admitted his limited knowledge of blockchain, prompting Cuban to explain the fundamentals of cryptocurrencies, likening Bitcoin to digital gold and discussing regulatory challenges.
Donald Trump has been named Time Magazine's Person of the Year for the second time, recognized for his significant political influence and "comeback of historic proportions." This accolade may bolster his pro-crypto stance, as he aims to position the U.S. as the "crypto capital of the planet" and integrate Bitcoin into national financial strategy. Trump's administration promises to reshape crypto regulation favorably, with the recent appointment of Paul Atkins as SEC Chair seen as a move towards a more supportive regulatory environment for the industry.
Microsoft may consider investing in an Ethereum ETF if it meets the company's yield requirements, according to VanEck's Matthew Sigel. This follows CFO Amy Hood's remarks on the company's long-standing engagement with digital assets and ongoing evaluations at the board level. Despite a failed proposal to add Bitcoin as a reserve asset, the company remains open to exploring digital assets that align with its strategic goals.
Elon Musk is set to lead the Department of Government Efficiency (DOGE), a move expected to significantly impact the cryptocurrency market. Dogecoin (DOGE) may surge, potentially reaching $1, while Bitcoin (BTC) could rise to $115K, and Ripple (XRP) may see a positive outlook amid new SEC leadership. Current predictions suggest DOGE might drop to $0.38, BTC could rise by 15.18% to $115,871, and XRP may decline to $2.09, but overall sentiment remains bullish for these cryptocurrencies.
Bitcoin (BTC) surged over 4% to reclaim $100,000, driven by positive inflation data, while Ethereum (ETH) approached $4,000 with a 7% increase. Other cryptocurrencies like Solana (SOL) and Ripple (XRP) also saw significant gains, contributing to a nearly 6% rise in the overall crypto market cap to $3.65 trillion. Despite this recovery, US bankers remain cautious about the volatile crypto landscape, emphasizing the need for a clearer regulatory framework.
Bitcoin has surged past $100,000, driven by optimism surrounding a favorable regulatory environment under President-elect Donald Trump and the potential leadership of pro-crypto figures like Brian Quintenz at the CFTC and Paul Atkins at the SEC. This rebound follows significant net inflows into US spot Bitcoin ETFs and a bullish sentiment fueled by expectations of interest rate cuts by the Federal Reserve. Technical analysts suggest that major holders are accumulating Bitcoin, with projections indicating a potential rise to $275,000.
Paul Atkins
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
new sec chair paul atkins poised to reshape crypto regulation slowly
United States Dollar
USA
Donald Trump
George W. Bush
Caroline Crenshaw
Jaime Lizarraga
Gary Gensler
Hester Peirce
Kain Warwick
Charlyn Ho
Paul Atkins
Sam Bankman-Fried
Cody Carbone
Mark Uyeda
Show more
00:12 13.12.2024
chainlink price surges as whale accumulation and partnerships drive optimism
United States Dollar
Coinbase Global, Inc.
Emirates NBD Bank PJSC
USA
Donald Trump
Patrick McHenry
Frank Lucas
Andy Barr
Gary Gensler
Brian Quintenz
French Hill
Paul Atkins
Bill Huizenga
Show more
23:49 12.12.2024
avalanche secures 250 million for layer one blockchain upgrade and growth
Dragonfly GF Co., Ltd
Parafi Capital LP
SkyBridge Technology Group, Inc.
Avalanche USD
Galaxy Digital Holdings Ltd.
Coinbase Global, Inc.
Donald Trump
Caroline Crenshaw
Jaime Lizárraga
Sherrod Brown
Paul Atkins
Gary Gensler
Show more
20:59 12.12.2024
goldman sachs ceo calls for regulatory changes before entering crypto market
United States Dollar
The Goldman Sachs Group, Inc.
BlackRock, Inc.
USA
Donald Trump
David M. Solomon
Paul Atkins
Scott Bessent
Show more
18:55 12.12.2024
mark cuban educates jon stewart on crypto and its political implications
Voyager Digital Ltd.
USA
Donald Trump
Bill Burr
Jon Stewart
Gary Gensler
Trevor Noah
Mark Cuban
Kamala Harris
Paul Atkins
Show more
18:06 12.12.2024
Trump's Time Award Boosts Pro Crypto Agenda and Regulatory Prospects
Tesla, Inc.
SpaceXCoin USD
USA
Donald Trump
Kamala Harris
Paul Atkins
Gary Gensler
Sam Jacobs
Elon Musk
Show more
18:05 12.12.2024
microsoft considers ethereum etf if yield requirements are met
VanEck Vietnam ETF
Microsoft Corporation
Apple Inc.
USA
Amy Hood
Matthew Sigel
Paul Atkins
Show more
16:00 12.12.2024
Elon Musk's DOGE Role May Boost Dogecoin Bitcoin and Ripple Prices
15:00 12.12.2024
crypto markets rebound as bitcoin surpasses 100000 amid cautious banker sentiment
Coinbase Global, Inc.
MicroStrategy Inc
The Goldman Sachs Group, Inc.
Donald Trump
Gary Gensler
David M. Solomon
Paul Atkins
Show more
11:00 12.12.2024
bitcoin surpasses 100000 as regulatory optimism fuels investor confidence
08:30 12.12.2024
Trending
Subcategory
Industry Trends
Startups & Entrepreneurship
Corporate News
Supply Chain Management
Private Equity Deals
Retail and Consumer Goods
Global Trade Developments
Industry Mergers & Acquisitions
Government Economic Policies
CEO Changes
Workplace Trends
Stock Market Updates
Corporate Social Responsibility
Consumer Protection Regulations
Emerging Startups
Fintech Startups
Energy Sector Developments
Venture Capital Investments
Funding Rounds & Investments
Finance Mergers & Acquisitions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Amazon.com, Inc.
Tesla, Inc.
JD.com, Inc.
Toyota Motor Corp
Honda Motor Co., Ltd.
Microsoft Corporation
The Goldman Sachs Group, Inc.
Samsung Securities Co.,Ltd.
Meituan
XIAOMI-W
Tesmec S.p.A.
TENCENT
Emirates NBD Bank PJSC
Orange S.A.
Boeing Co
Salesforce, Inc.
Garuda Aerospace Ltd.
Currencies:
United States Dollar
Chinese Yuan
Indian Rupee
Euro
Japanese Yen
British Pound Sterling
Saudi Riyal
Offshore Chinese Yuan
Indonesian Rupiah
Vietnamese Đồng
South Korean Won
Nigerian Naira
Nicaraguan Córdoba
New Taiwan Dollar
Qatari Riyal
Mexican Peso
Pakistani Rupee
Malaysian Ringgit
Singapore Dollar
Macanese Pataca
People:
Donald Trump
Mark Zuckerberg
Tim Cook
Haider Ali Khan
Ayman Hamdan
Bisrat Degefa
Xi Jinping
Jensen Huang
Piyush Anchliya
Stiven Muccioli
Tamim bin Hamad Al Thani
Pandu Sjahrir
Prabowo Subianto
Ray Dalio
Changpeng Zhao
Prashant Joshi
Amal El Fallah Seghrouchni
Ahmed Hamdan
He Xiaopeng
Abdel Fattah El-Sisi