LIVECeeJay Lovefist
@Square-Creator-0bd8c3439f21
Following
Followers
Liked
Shared
BIg News, Gary Gensler Fired from SEC by Kamala Harris â Is Bitcoin Poised for a Breakout? The removal of Gary Gensler as the chairman by the Vice President Kamala Harris has created a lot of ambiguity in the cryptocurrency. The resignation may well indicate a potential change of tack to a more pro-crypto stance; all the same any significant shifts will likely take time to enact.
Subsequent appointment of Genslerâs successor will have a major influence over the future of the U. S. cryptocurrency regulations and markets.
As part of the role reversal, Gensler, the head of the SEC, has been fired by Harris from his position. This has come as a huge shock in the financial industry especially the cryptocurrency business. SEC under Gensler has been very rigid in its approach towards the regulation of cryptocurrencies and this has not gone down well with proponents of the industry. According to insiders, Gensler had been having such a confrontational position regarding the regulation of cryptocurrencies and this could have been the reason for his dismissal. His approach mostly made him a thorn in the flesh of those who wanted more friendly crypto policies.
Impact on Bitcoin and Cryptocurrency Markets The announcement of Gensler stepping down has led to speculations on further shifts in the regulatory framework for cryptocurrencies. Some experts think that this may be a sign of more favorable approaches to the electronic currency. Bitcoin being the most popular cryptocurrency might experience a rise in demand from investors if the barriers created by the regulations are removed.
However, one must add that any major changes in the policy might take time to be effected. This news could elicit short-term movement in the cryptocurrency market, which is historically characterized by high levels of fluctuation. The long-term prospects are still unclear and will depend on the further actions of Genslerâs successor.
Subsequent appointment of Genslerâs successor will have a major influence over the future of the U. S. cryptocurrency regulations and markets.
As part of the role reversal, Gensler, the head of the SEC, has been fired by Harris from his position. This has come as a huge shock in the financial industry especially the cryptocurrency business. SEC under Gensler has been very rigid in its approach towards the regulation of cryptocurrencies and this has not gone down well with proponents of the industry. According to insiders, Gensler had been having such a confrontational position regarding the regulation of cryptocurrencies and this could have been the reason for his dismissal. His approach mostly made him a thorn in the flesh of those who wanted more friendly crypto policies.
Impact on Bitcoin and Cryptocurrency Markets The announcement of Gensler stepping down has led to speculations on further shifts in the regulatory framework for cryptocurrencies. Some experts think that this may be a sign of more favorable approaches to the electronic currency. Bitcoin being the most popular cryptocurrency might experience a rise in demand from investors if the barriers created by the regulations are removed.
However, one must add that any major changes in the policy might take time to be effected. This news could elicit short-term movement in the cryptocurrency market, which is historically characterized by high levels of fluctuation. The long-term prospects are still unclear and will depend on the further actions of Genslerâs successor.
$BTTC one day you will rejoice for being patient đ, just buy more and hold #BTTcReward #BTTCtothemoon
$BTTC I told you BTTC will pump hard in the near future . who believes me then. time to buy more BTTC for long term .
$BB I told you to buy Bouncbit. According to Binance square news, AMA with Bouncbit team discusses the future of cryptocurrency . this is bullishness . you still have enough time to get in the train đđđđ. #CryptoMarketMoves #Bbđ„đ„
$BB is now one of today's top gainers. always remember told you to buy and hold .#Bbđ„đ„ #Bouncbit
Cryptocurrencies like Notcoin, and Ton could receive a boost from rate cuts since they tend to push investors toward riskier assets. This dynamic helps explain why most coins rallied during the Covid pandemic. watch out for Notcoin rally. #NOTđ„đ„đ„ #Toncoin #TON
$BTC The latest Consumer Price Index (CPI) report has revealed a 2.9% inflation rate, significantly better than market expectations. This positive development has brought hopes for potential interest rate cuts, which, in turn, has created a bullish sentiment in the crypto market. As a result, Bitcoin price broke above its immediate consolidation.#BTCâ #Sol #ETHđ„đ„đ„đ„ #CryptoMarketMoves #Kaspa.
$KAS will reach new high, if market trend continues. watch out for brake out. it's moving closely with the trend. 0.16 high and 0.16 low. always remember crypto is volatile , so not a financial advice . always DYOR. #KAS/USDT #btc73k #TONonBinance #ETHW/USDT #sol
BTC is going to $100,000 and nothing will stop it. altcoins will increase, some will reach all-time high , and above. #kas #sol #ETHđ„đ„đ„đ„ #Bonk #BCHâ€ïžâ€ïž . always buy the dip, for long term . Bouncbit , Notcoin . Blast . I'm Bullish .
$BTTC will pump hard in the near future. if market trend continues. #BTTc #BullRunAhead I recommend you buy more and hold.
Explore the latest crypto news
âĄïž Be a part of the latests discussions in crypto
đŹ Interact with your favorite creators
đ Enjoy content that interests you
Email / Phone number
Trending Topics
BinanceLaunchpoolHMSTR
57.5M views
21,443 Posts
Introducing Hamster Kombat (HMSTR) on Binance Launchpool and Super Earn!
Binance Announcement
10.2k Likes
277.9k views
CATIonBinance
11.9M views
5,968 Posts
BTCReboundsAfterFOMC
15.8M views
6,364 Posts
