As the post-election rally continues following President-elect Donald Trump’s victory Bitcoin Today it reached an all-time high above $86,000.
The BTC price rise above $86,000 marks a 20% increase since November 6, when Trump defeated Vice President Kamala Harris.
The price increase is the result of the Trump administration, as both Trump and Harris pointed out in their election campaigns. crypto para It was fueled by market optimism that it would adopt a friendly regulatory stance. Many traders now expect the US government to support digital assets with more favorable regulations.
“Bitcoin speculators are confident in a cleaner regulatory environment and the expectation that authorities can create a reserve crypto fund to help fuel ongoing demand,” said Susannah Streeter, Head of Currency and Markets at Hargreaves Lansdown.
The record-breaking Bitcoin rally dealt a blow to those invested in the decline of digital asset funds. Investors who shorted the iShares Bitcoin Trust ETF, the largest Bitcoin exchange-traded fund, have lost nearly $37 million since Election Day as the ETF tracks Bitcoin’s upward momentum.
During his election campaign, Trump promised to make the United States the “crypto capital of the planet” and the “Bitcoin superpower of the world.” He also proposed a sweeping policy change, including potentially replacing SEC Chairman Gary Gensler, who is known for his aggressive regulatory stance on digital assets. While Trump could only remove Gensler from his position as president, Gensler could continue as SEC commissioner until his term ends in 2026.
Trump’s proposed crypto advisory board and his supportive stance on digital assets stand in stark contrast to Gensler’s tenure. SEC Commissioner Mark Uyeda, one of the agency’s two Republican commissioners, will likely become acting chairman under Trump. Uyeda suggested that enforcement actions regarding registration issues be halted until clearer regulations are established.
“The agency’s war on crypto must end, including crypto enforcement actions based solely on failure to register without allegations of fraud or harm,” Uyeda told FOX Business. “President Trump and American voters have sent a clear message. The SEC’s duty is to fulfill this duty starting from 2025.”
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/sec-baskani-olacagi-iddia-edilen-isim-kripto-paralar-hakkinda-aciklama-yapti/
