Bitcoin gains as US SEC gives crypto its first policy win
Bitcoin, the world's largest cryptocurrency, approached the previous session's record high on Tuesday in choppy trading as the top U.S. markets regulator unveiled a plan to overhaul rules for the sector.
Bitcoin hit a record high $109,071 on Monday when Trump, who has pledged to be a «crypto president,» was sworn in, but sank when crypto was not included in a flurry of executive actions on Day One.
Bitcoin prices rose 3.8% while Ethereum, the second-largest cryptocurrency, gained 1.4% as the market shook off some of that disappointment.
The Securities and Exchange Commission's new leadership said on Tuesday it had created a task force to develop a regulatory framework for digital assets, the first major move by Trump's new administration to overhaul crypto policy.
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View Details» «The president has moved quickly on his agenda,» Coinbase Chief Legal Officer Paul Grewal said in a phone interview. «The SEC has made it clear they understand that and want to be a part of that.»
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