{
}
US bankers remain cautious about cryptocurrencies despite a pro-crypto administration under President-elect Trump. Executives from major banks, including Goldman Sachs and Bank of New York Mellon, emphasize the need for a clearer regulatory framework and appropriate safeguards before engaging with volatile assets. Past crypto crises, such as the FTX collapse, have heightened their skepticism, with client demand for crypto still limited.
A Senate committee vote to re-nominate SEC Commissioner Caroline Crenshaw has been postponed, leaving her future uncertain. The delay, attributed to Republican opposition, raises the possibility of a Republican majority at the SEC following the upcoming Trump administration. Current SEC Chair Gary Gensler will depart on January 20, 2025, and Crenshaw's critics within the crypto industry are vocal about their desire for her removal.
Donald Trump has appointed David Sacks as the White House AI and Crypto Czar, aiming to position the U.S. as a leader in both fields. Sacks will guide policy to foster innovation while addressing regulatory clarity for the crypto industry. Trump plans to repeal Biden's Executive Order on AI, advocating for development rooted in free speech and human flourishing.
XRP, ADA, ALGO, HBAR, and XLM have surged significantly in a recent bull run, driven by factors such as regulatory clarity, potential legal victories for Ripple against the SEC, and increased retail trading, particularly from South Korean investors. XRP alone saw a 450% increase, boosting its market cap by $100 billion and displacing Tether. The strong community support and familiarity among retail investors have also contributed to the rally of these "Dino coins."
The SEC has approved numerous Bitcoin ETFs, providing a regulated investment avenue for institutional investors, yet Bitcoin remains a speculative asset. Dogecoin, currently priced at $0.44, may reach $1 due to a crypto-friendly administration, but its lack of fundamentals raises concerns about sustainability. Despite a potential surge, a significant decline similar to 2021 is likely, as Dogecoin's value is driven by speculation rather than intrinsic worth.
Paul Manafort, former campaign chairman for Donald Trump, expressed optimism for Bitcoin's future, predicting it could exceed $100,000 as Trump’s administration aims to create a more crypto-friendly regulatory environment. With recent appointments, including Paul Atkins to lead the SEC and David Sacks as the White House AI & Crypto Czar, the market anticipates clearer regulations that could bolster Bitcoin's growth. Analyst Ali Martinez suggests Bitcoin could reach $275,000, provided it maintains support above $96,000.
Goldman Sachs CEO David Solomon stated that the investment bank is prepared to engage with cryptocurrencies like Bitcoin and Ethereum, contingent on favorable regulatory changes under President Trump. Currently, the bank's ability to operate in the crypto market is limited, although it holds approximately $718 million in Bitcoin ETFs, including a $461 million investment in BlackRock’s Bitcoin ETF. With Trump’s administration promising a more crypto-friendly approach, the SEC is expected to adopt a supportive stance towards digital assets.
XRP has dropped to $2.39 amid ongoing legal battles with the SEC, but optimism grows with Paul Atkins nominated as the new SEC chair, potentially leading to clearer regulations for cryptocurrencies. Meanwhile, IntelMarkets has surged 620% in presale, leveraging AI-driven trading technology, positioning itself for significant growth in the coming year.
Bitcoin (BTC) reached an all-time high of $103,679 on December 4, sparking speculation about its ability to maintain a position above $100K. Currently trading at $96,699, BTC's future depends on market reactions to political developments and bullish sentiment. Meanwhile, JetBolt (JBOLT) is gaining traction with its innovative zero-gas technology, selling over 150 million tokens in presale, attracting interest from crypto whales and buyers.
Investors eyeing stable returns are turning to established layer-1 blockchains like Ethereum and Solana, while those seeking high-risk, high-reward opportunities are looking at Lunex Network, which offers a unique trading experience without KYC requirements. Solana's recent surge to an all-time high of $263 faces challenges from potential ETF rejections by the SEC, although optimism remains for future approvals under new leadership. Meanwhile, Ethereum's record inflows into ETFs signal strong institutional interest, with predictions of its price reaching $15,000 by mid-2025. Lunex Network, priced at $0.0038 in presale, promises significant growth potential with a projected 220% increase by Q4's end, appealing to investors with its revenue-sharing model and seamless token swaps across numerous blockchain ecosystems.
Paul Atkins
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
us bankers remain cautious on cryptocurrencies despite pro crypto administration
Bank of New York Mellon Corp
Bank of America Corporation
The Goldman Sachs Group, Inc.
USA
Robin Vince
Matt Gellene
Paul Atkins
David O. Sacks
David M. Solomon
Show more
06:51 12.12.2024
senate committee postpones vote on sec commissioner caroline crenshaw renomination
United States Dollar
Coinbase Global, Inc.
USA
Donald Trump
Caroline Crenshaw
Tim Scott
Sherrod Brown
Jaime Lizarraga
Gary Gensler
Hester Peirce
Brian Armstrong
Kain Warwick
Paul Atkins
Cody Carbone
Mark Uyeda
Show more
06:51 12.12.2024
Trump appoints AI and crypto czar to lead government efficiency reforms
United States Dollar
OpenAI ERC USD
Tesla, Inc.
PayPal Holdings, Inc.
USA
Donald Trump
Kamala Harris
Paul Atkins
David O. Sacks
Gary Gensler
Elon Musk
Vivek Ramaswamy
Show more
14:56 11.12.2024
Dino coins surge as regulatory clarity and investor interest drive growth
Donald Trump
Mads Eberhardt
Gary Gensler
Josh Gilbert
Cai Xukun
Murad Mahmudov
Paul Atkins
Markus Thielen
Show more
12:22 11.12.2024
dogecoin's potential rise to one dollar amid market speculation and trends
United States Dollar
NVIDIA Corporation
Tesla, Inc.
USA
Donald Trump
Elon Musk
Paul Atkins
Show more
10:27 11.12.2024
Trump's election sparks bullish Bitcoin forecast amid regulatory changes
Coinbase Global, Inc.
USA
Donald Trump
David O. Sacks
Paul Manafort
Paul Atkins
Gary Gensler
Ali Martinez
Show more
10:00 11.12.2024
Goldman Sachs seeks regulatory changes to invest in Bitcoin and Ethereum
United States Dollar
The Goldman Sachs Group, Inc.
BlackRock, Inc.
USA
Donald Trump
David M. Solomon
Paul Atkins
Show more
09:22 11.12.2024
xrp price drops as intelmarkets gains traction amid potential sec leadership change
23:40 10.12.2024
Bitcoin's Future Above 100K Amidst JetBolt's Rapid Rise in Crypto Market
18:00 10.12.2024
solana ethereum and lunex network poised for growth in 2025
17:30 10.12.2024
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