The first "cryptos czar" in the White House? Media suggests the "father of cryptos" is the most likely to be elected.
Chris Giancarlo served as the chairman of the CFTC during Trump's first term, during which bitcoin futures were approved for listing in the U.S. Media reports state that Giancarlo was a key member of Trump's team both before and after the election. In the past few weeks, he withdrew from the competition for the CFTC and SEC chairman positions, stating his willingness to take on a White House role referred to as the 'cryptos tsar.' Bitcoin surged past $0.099 million on Thursday, setting a new historical high.
Good news in the currency circle again! 'Crypto Nemesis' Gensler will step down as SEC chairman in January next year.
1. The chairman of the USA SEC, Gary Gensler, announced on Thursday that he plans to step down on January 20, 2025; 2. This news has made crypto bulls rejoice; 3. As Gensler announced his imminent resignation, the price of bitcoin has approached the milestone of 0.1 million dollars.
Industry interpretation: Bitcoin price breaks 0.1 million USD - why is this so important for the crypto industry?
In this article, the author will analyze how bitcoin's breakthrough of $0.1 million will impact market dynamics, regulatory environment, institutional adoption, and the broader cryptocurrency ecosystem.
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