Bitcoin to hit 'repeated all-time highs,' 18 US states file lawsuit against SEC and Gensler
Description
A wild 24 hours just unfolded and Bitcoin's 3% dip doesn't even make the list. Nevertheless, we'll start with a breakdown of why Bitcoin corrected yesterday before looking at comments made by VanEck's head of digital assets research on CNBC, as he says we're headed for "repeated all-time highs" over the next two quarters. Then, things have heated up with the SEC and its chair, Gary Gensler. Yesterday, Gensler doubled down on his crypto stance despite President-elect Donald Trump threatening to fire him (though we still don't know if that's a legal possibility.) Then, 18 US states filed a lawsuit against the SEC and Gensler for “gross government overreach” against the crypto industry. Finally, we spoke with the Consensys CEO about the situation and he says the SEC's cases against crypto firms are going to be "dismissed or settled."
Further reading:
- Bitcoin blips down as Fed’s Powell says no ‘hurry to lower rates’
- Bitcoin to hit ‘repeated all-time highs’ over next 2 quarters: VanEck
- SEC chair doubles down on crypto stance under threat of Trump ousting
- 18 US states file lawsuit against SEC and Gary Gensler
- SEC crypto cases will be ‘dismissed or settled’ under Trump: Consensys CEO
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