{ }
The Digital Chamber of Commerce is urging the incoming SEC leadership to review all crypto-related investigations and lawsuits from day one, advocating for a reset in the SEC's relationship with the digital asset industry. They propose pausing probes not involving fraud or investor harm and repealing key regulations like SAB 121, which burdens crypto custody providers. With bipartisan support for these changes, the Chamber aims for a more transparent regulatory framework under new SEC Chair Paul Atkins, succeeding Gary Gensler.
Federal Reserve Chair Jerome Powell has stated that the Fed will not stockpile bitcoin, emphasizing that this issue is for Congress to address. The proposal for a U.S. Strategic Bitcoin Reserve, suggested by Trump, faces significant legal and regulatory hurdles, including potential Congressional approval and funding concerns. While Trump plans to appoint pro-crypto leaders, the Fed remains focused on monitoring the impact of cryptocurrencies on the banking system.
Arthur Hayes, co-founder of BitMEX, warns that the bullish crypto market following Donald Trump's election victory may face a significant downturn around his inauguration on January 20th. He predicts a "harrowing dump" as investors realize that substantial policy changes may take time, leading to a sell-off in crypto assets. Despite this, Hayes remains optimistic about potential market recovery after the inauguration.
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.
XRP is poised for significant growth, driven by six key factors, including the recent approval of Ripple's stablecoin RLUSD and a surge in daily transactions on the XRP Ledger. Following Donald Trump's re-election and the anticipated departure of SEC Chairman Gary Gensler, analysts predict XRP could reach unprecedented heights, potentially hitting $5 by February 2025. The asset has reclaimed its position as the third largest cryptocurrency by market cap, currently trading at $2.5, just below its yearly high.
A wave of crypto ETFs is anticipated for approval in 2025, with firms like Hasdex, Franklin Templeton, and Bitwise Invest leading the charge for Bitcoin and Ethereum ETFs. However, complex legal issues regarding token classifications may complicate the process, particularly for Solana and XRP.The incoming Trump administration, with Paul Atkins likely as the new SEC chair, is expected to foster a more crypto-friendly regulatory environment, potentially enhancing institutional adoption of digital assets. The CFTC may also play a role in regulating certain crypto assets, further shaping the landscape.
Solana (SOL) is poised for potential ETF approval alongside XRP as legal clarity emerges under a new SEC administration. Bitwise has launched a Solana staking ETP in Europe, offering competitive rewards, while advancements in staking infrastructure hint at future US-based ETFs. However, ongoing legal disputes regarding their status as securities may delay the introduction of Solana and XRP ETFs.
Bitwise has launched its Solana-based crypto-staking exchange-traded product (ETP), BSOL, in Europe, offering an annualized return of 6.48%, surpassing competitors like 21Shares. This move follows the company's plans for a Solana ETF in the US, amid evolving regulatory landscapes. Despite Solana's recent performance lagging behind Bitcoin and Ethereum, optimism remains among traders regarding its long-term potential.
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.
Bloomberg analysts predict a rise in cryptocurrency ETFs by 2025, driven by potential changes in SEC leadership with pro-crypto advocate Paul Atkins. Bitcoin and Ethereum ETFs are expected to dominate the market due to their classification as commodities, while Solana and XRP face uncertain approval due to ongoing legal issues. Litecoin and HBAR ETFs may gain traction, although demand remains uncertain.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.