Bitcoin (BTC-USD) surpassed $99,000 Friday morning as the cryptocurrency nears the $100,000 mark in its post-election 2024 rally. Crypto traders have become even more optimistic about the projects of Securities and Exchange Commission (SEC) Chairman Gary Gensler’s resignation in January and what it could mean for crypto regulation under a second Trump administration.
“At this point, what we’re looking for is something that we can work with because we know how to work with the regulators. And so, you know, a company like Robinhood (HOOD) is already regulated by the SEC, by FINRA (Financial Industry Regulatory Authority), by New York DFS (Department of Financial Services), we have a BitLicense,” Johann Kerbrat, vice president and general manager of Robinhood Crypto, explains to Yahoo Finance Morning Brief.
“If we have this clear framework, where it’s not just regulation by enforcement, we will be able to make it work and we will be able to offer cryptocurrencies to customers safely .”
Kerbrat tells hosts Seana Smith and Brad Smith how investors seem “more excited” to jump into the crypto market, due to the regulatory “clarity” expected from President-elect Donald Trump and its managers.
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This message was written by Luke Carberry Mogan.
