Former SEC Official Raises Concerns Over Bitcoin Spot ETF Approvals Amidst Regulatory Standstill and Partisanship
A former SEC official, John Reed Stark, has expressed concerns about the approval of Bitcoin Spot ETFs. He believes that regulatory partisanship and the current standstill in regulations will make it unlikely for these ETFs to be approved. Stark points out that political divisions within the SEC are now extending to the cryptocurrency sphere.
Expert Predicts Potential Advantages for Crypto Industry Under Republican Presidency
Stark suggests that a Republican presidency in 2024 could bring benefits to the crypto industry. These benefits may include reduced SEC scrutiny on crypto and a shift towards fraud cases over registration violations. Stark emphasizes the need for a balanced commission with equal representation from different political affiliations to bridge partisan gaps.
Bitcoin Prices Rise Despite Strong US Dollar
Bitcoin prices have risen at the start of the week, despite the strength of the US dollar. The rising USD prices, however, have limited the gains for Bitcoin.
Bitcoin Price Prediction
Bitcoin’s support level is currently around $29,200, and its technical perspective remains unchanged. If Bitcoin breaks past the $29,600 barrier, there is potential for it to climb to the $30,200 threshold.
Top 15 Cryptocurrencies to Watch in 2023
Stay informed about the latest ICO projects and alternative cryptocurrencies by exploring a curated collection of the top 15 digital assets to watch in 2023. Stay ahead of the game and discover the potential of these cryptocurrencies in the ever-changing world of digital assets.
Hot Take: Regulatory partisanship and political divisions within the SEC could hinder the approval of Bitcoin Spot ETFs. However, a potential Republican presidency in 2024 may bring advantages for the crypto industry. Bitcoin prices have risen despite the strength of the US dollar. It is important to stay informed about the top cryptocurrencies to watch in 2023 to navigate the evolving world of digital assets.
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