SEC Chair Paul Atkins and CFTC Acting Chair Caroline Pham announced a series of aggressive pro-crypto proposals, including a ’24/7 Markets’ policy that would extend securities trading hours to match crypto and global markets. The regulators also proposed easing restrictions on prediction markets, perpetual derivatives, and DeFi trading, aligning with a ‘super-app’ model where firms can offer multiple asset classes under one roof. These reforms follow Trump administration directives to loosen crypto trading restrictions. While crypto industry leaders hailed the proposals as a major boon, consumer advocates warned they could be ‘extremely dangerous’ and give crypto firms an unfair advantage over traditional finance. The agencies plan to discuss these proposals at a September 29 roundtable, with implementation likely taking years due to complexity.
about SEC, CFTC Propose 24/7 Trading & Crypto ReformsBetter Markets
0 in Finance and 0 in Crypto last weekCrypto Strategist Predicts 80% Bitcoin Drop in Next Bear Market
Pseudonymous crypto analyst DonAlt, who accurately predicted Bitcoin’s 2022 bottom, warns that corporate BTC holders may fuel the next brutal bear market. He argues that Bitcoin treasury companies—holding over 1.1 million BTC worth $117 billion—will unleash significant selling pressure, potentially causing a 70-80% crash from the cycle’s peak. While bullish short-term, DonAlt cautions that a drop below $101,000 could trigger a swift correction toward $90,000. His grim outlook draws parallels to BTC’s 2018 collapse from $20,000 to $3,000. Currently, Bitcoin trades at $105,438 amid growing concerns over institutional sell-offs.
about Crypto Strategist Predicts 80% Bitcoin Drop in Next Bear MarketBitcoin at $105K: Experts Split on Breakout or Breakdown
Bitcoin’s current price of $105,000 has split the crypto community, with bullish analysts like Egrag Crypto predicting a 102% surge to $175,000 based on historical patterns. Optimists point to BTC’s resilience post-geopolitical shocks, citing past war-driven dips followed by sharp recoveries. However, bears like Ali Martinez warn of a potential drop to $78,500, citing whale sell-offs and weakening support levels. Market indicators like OBV also suggest fragile bullish momentum. The debate hinges on whether BTC holds key levels or triggers a correction.
about Bitcoin at $105K: Experts Split on Breakout or BreakdownHouse Democrats Raise Concerns Over Crypto CLARITY Act
House Democrats convened a ‘minority day’ hearing to critique the CLARITY Act, a proposed crypto market structure bill that would exempt most digital assets from SEC oversight. Witnesses, including policy expert Amanda Fischer, warned that the bill’s loopholes could incentivize traditional financial institutions to shift operations onto blockchain networks to avoid regulation. Concerns were also raised about the bill’s two-tiered system for crypto assets, which critics argue will discourage issuers from registering with the SEC. Additionally, Democrats criticized the exclusion of DeFi from regulation, while Republicans dismissed the hearing as partisan. The debate highlighted deep divisions over how to regulate the rapidly evolving crypto industry.
about House Democrats Raise Concerns Over Crypto CLARITY ActSenator Murphy’s MEME Act Targets Trump’s Crypto Promotions
Senator Chris Murphy’s MEME Act seeks to ban federal officials, notably Donald Trump, from promoting personal crypto assets like his Solana-based meme coin, TRUMP, valued at $2.1 billion. The bill addresses concerns over conflicts of interest and corruption, with critics like Senator Elizabeth Warren calling for investigations. Trump’s upcoming gala for TRUMP holders and a $1.5 million-per-plate crypto dinner have intensified scrutiny. Meanwhile, legislative efforts for crypto market structure are advancing, but Democrats plan protests. The MEME Act underscores growing regulatory focus on crypto’s role in political finance.
about Senator Murphy's MEME Act Targets Trump's Crypto PromotionsSEC Dismisses Coinbase Case and Shifts Focus to Crypto Regulation
The SEC has dismissed its civil enforcement action against Coinbase, marking the end of a legal battle that began in 2023. Acting Chairman Mark T. Uyeda emphasized the need for a more transparent regulatory approach for crypto assets, aligning with the agency’s broader reform efforts through the newly established Crypto Task Force. Critics argue this decision could favor the crypto industry at the expense of investor protection and financial stability.
about SEC Dismisses Coinbase Case and Shifts Focus to Crypto RegulationHearing Scheduled to Address Impact of Operation Choke Point 2.0 on Crypto
The U.S. House Committee on Financial Services will hold a hearing on February 6th to investigate the alleged negative impacts of “Operation Choke Point 2.0,” which critics claim aims to suppress the crypto industry. Key witnesses include Coinbase’s chief legal officer Paul Grewal and MARA’s CEO Fred Thiel, who will discuss claims of government efforts to undermine crypto activities, including allegations of the FDIC destroying relevant documents. Senator Cynthia Lummis has raised concerns about whistleblower accounts of FDIC officials monitoring and restricting access to these materials.
about Hearing Scheduled to Address Impact of Operation Choke Point 2.0 on CryptoBetter Markets Supports SEC Appeal in Ripple XRP Case
Better Markets has filed an amicus brief supporting the SEC’s appeal against Ripple Labs, urging the Second Circuit Court to overturn a ruling that exempted Ripple’s XRP sales to retail investors from U.S. securities laws. The brief argues that the district court misapplied the Howey Test, undermining investor protections and creating risks for retail traders. Ripple’s marketing strategies, which suggested profit expectations tied to their efforts, further complicate the case as the SEC intensifies its legal battle against the company.
about Better Markets Supports SEC Appeal in Ripple XRP CaseTrump’s Vision for America as the Global Crypto Capital
The incoming Trump administration is poised to implement crypto-friendly regulations, potentially igniting a speculative frenzy in the market. Advocates believe this will solidify the U.S. as the leading force in global capital markets, with Trump envisioning America as the “crypto capital of the planet.”
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