Nearly a month after Donald Trump’s re-election, bitcoin (BTC-USD) finally crossed the $100,000 mark and is now trading above $103,000 on Thursday morning. This all follows Federal Reserve Chairman Jerome Powell’s remarks at a summit and President-elect Trump’s choice to nominate Paul Atkins to chair the Securities and Exchange Commission (SEC).
CoinDesk Indices Managing Director Andy Baehr joins Madison Mills and Josh Schafer on Catalysts to discuss the positive outlook these events indicate regarding cryptocurrency regulation and what that means for other crypto assets.
“You have two acrobats – the CFTC (Commodity Futures Trading Commission) and the SEC (Securities and Exchange Commission) – there’s a ball in the air and they just decide who’s going to catch it…And that doesn’t matter. didn’t work, that’s true,” says Baehr.
“So there have been reports that cryptocurrency regulation could be housed within the CFTC and the SEC would have less say on the matter. Regardless, you need dedicated, reliable regulation cryptocurrencies so that new and existing projects know what they can and cannot do.
For more news and expert analysis on the latest market stocks, check out more catalysts here.
This message was written by Luke Carberry Mogan.
