Jordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market.
Bitcoin (BTC-USD) struck above $99,000 in Friday's early hours as the cryptocurrency nears a $100,000 milestone in its post-2024 election rally. Crypto traders have become even more optimistic around Securities and Exchange Commission (SEC) Chair Gary Gensler's plans to step down in January and what that could signal for crypto regulation under a second Trump administration.
Is now the time to get into crypto? Many investors may be looking to get into the space for the first time as the regulatory outlook improves.
SCHW plans offering spot cryptocurrency trading upon the easing of the regulatory norms related to crypto, which is likely to occur under the new administration.
Devin Ryan of Citizens JMP and Sarah Kunst of Cleo Capital discuss the surge in crypto interest, with Ryan noting growth in volumes and opportunities in payments and stablecoins, while Kunst highlights increasing institutional interest and potential acquisitions in the crypto space. Both see strong growth ahead for companies like Coinbase and Robinhood.
A crypto payments platform might allow DJT to make money from the industry.
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Gary Gensler, chairman of US markets regulators the Securities and Exchange Commission (SEC), has announced his departure from the agency, effective from next January. Genlser, who was appointed by Democrat President Joe Biden in April 2021, has faced intense animosity from president-elect Donald Trump.
Why Crypto Stocks Were Crushing the Market on Thursday
Jordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market.
Stocks like NVDA, BLK, CME and ACN will gain from the ongoing crypto rally.
Jordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market.