Bitcoin surges above $107,000 as SEC unveils task force to develop crypto policy
Bitcoin, the world’s largest cryptocurrency by market value, surged above the $107,000 mark in early trading on Wednesday, following news of the US Securities and Exchange Commission’s (SEC) plan to overhaul crypto regulations.
The SEC’s new leadership revealed on Tuesday that it had formed a task force to develop a regulatory framework for digital assets, marking the first major initiative from the Trump administration to address crypto policy.
«After a pullback, Bitcoin gained over 4% following the SEC's launch of the “Crypto Task Force” to develop a framework for digital assets. This move boosted investor confidence in the Trump administration's approach to crypto, despite not being addressed during the inauguration,» said Edul Patel, CEO of Mudrex.
«With Commissioner Hester Peirce who’s known for her pro-crypto stance leading the task force, we can expect some progressive framework to take shape going forward,» Patel said.
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View Details»Vikram Subburaj, CEO of Giottus, also pointed to strong market sentiment, driven by significant spot ETF
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