2024-11-7 19:03 |
The scrutiny comes after a French national profited handsomely on the platform by placing large bets on Trump winning the U.S. election
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U.S. Senator Elizabeth Warren has long been held up as the crypto industry's chief opponent in Congress, and she's now ascending to the role as the top Democrat in the Senate Banking Committee, where she'll be heard from on the digital assets legislation that likely needs a sign-off from that panel.
Trump's victory presents a unique opportunity to reshape regulation and ensure no future SEC Chair can hamstring the industry again. Expect pushback.
With the crypto-friendly Donald Trump being elected president, industry leaders are now awaiting his first big move, which could be appointing a new chair of the U.S. Securities and Exchange Commission.
Part of BTC’s spike could be attributed to a $94 million liquidation of bearish or hedged bets against the asset, Coinglass data shows, as Trump leads in early voting.
While volatility is price-agnostic, recent flows in the options market suggest bullish expectations.
At least according to betting markets, the U.S. presidential election has moved to nearly a 50/50 race versus an easy Trump victory just days ago.