DeFi needs regulation to build trust, attract institutional investment, and ensure long-term viability despite its decentralized nature.
Bitcoin Regulation news
The Galaxy Digital CEO argued that he does not expect the nearly $36 trillion national debt to be paid without devaluing the currency.
Klippsten warns that relaxed regulations under Trump could trigger a chaotic altcoin surge, drawing liquidity away from Bitcoin.
Huangzhou-based crypto mining chip maker Nano Labs saw its share price rise slightly after announcing it will start accepting Bitcoin as payment.
FTX and Alameda’s “aggressive legal strategy” highlights the complexity of their financial issues after suing over 20 entities for funds, according to blockchain experts.
NYDIG’s research head Greg Cipolaro said “there are no excuses” for investors to shirk Bitcoin after Donald Trump and the Republicans’ election sweep.
Trump’s presidential victory inspired a new wave of optimism, including predictions for an imminent Ether rally to $3,200 and hopes for a reform of the US SEC.
A Trump administration may lead to a less restrictive SEC Chair and more transparent crypto regulations.
The two whales have acquired $142 million worth of Bitcoin since Trump’s victory in the US election was confirmed, showing growing investor demand for Bitcoin.
Markets are bracing for post-election volatility, which may take Bitcoin as high as $100,000 before 2025.