With the re-election of Donald Trump as the 47th president, the cryptocurrency and tech sectors are buzzing with anticipation. The Bitcoin price has soared to a new all-time high about $75,000, while shares of Coinbase, the largest U.S.-based crypto exchange, skyrocketed over 14% to more than $200. The surge reflects optimism that a pro-crypto administration could usher in regulatory reforms and a more favorable environment for digital assets.

Coinbase's recent Q3 "The State of Crypto. Age, Access, and Agency" report, conducted in collaboration with Bovitz and Morning Consult, presents a grim picture of the American financial system. A mere 7% of those surveyed believe the system works in their favor. This number is even more startling when considering that less than 10% of the general populace expressed approval for the current financial framework.

The crypto market, often lauded for its meteoric rise and revolutionary potential, has its pitfalls. The recent downturn, colloquially termed as the 'crypto winter', has sent ripples across the industry, affecting not just the giants like Binance and Coinbase but also regional players like Bitpanda. The Austrian crypto exchange's recent financial figures paint a grim picture, raising questions about its future viability.

FinTelegram reported that the New York Democrat Congressman Ritchie Torres reaffirmed his recent criticisms of the embattled U.S. Securities and Exchange Commission (SEC) chair Gary Gensler. The lawmaker accused the SEC Chair of trying to undermine the crypto industry and "weaponizing" the agency against it. Torres urged Gensler and the SEC to reevaluate their approach to cryptocurrencies following what he described as a "dreadful day in court" for the SEC.

Many experts see a new crypto bull run on the horizon. Of course, the listed U.S. crypto exchange Coinbase shares would be worth considering. During the current week, there were reports of Coinbase CEO Brian Armstrong meeting with members of the U.S. Congress; the specifics of the meeting have been kept largely confidential. According to Bloomberg, the discussions with congressional members centered around promoting progressive and innovative policies, with a particular emphasis on the significance of new technologies in relation to national security.

Goldman Sachs Group Inc. executive Roger Bartlett announced that he would move to major U.S. cryptocurrency exchange Coinbase Global Inc. "it's time to embrace the cryptoeconomy," the 16-year veteran of Goldman and a partner wrote in a LinkedIn post.

Most recently, we have seen in Canada, which is a liberal country, how quickly governments can access bank accounts and crypto wallets and freeze the funds on them without the intervention of the courts. The government of Justin Trudeau has shown how critical decentralized cryptocurrencies without government control are. We advise not to hold your crypto funds in custodial wallets on online exchanges but in non-custodial wallets. Do not let Big Brother c

The London-based FCA-regulated EMI and payment processor Checkout Ltd d/b/a Checkout.com raised $1 billion in a recent share sale that valued it at $40 billion. New investors including Franklin Templeton and the Qatar Investment Authority participated alongside existing ones, such as Insight Partners and Tiger Global Management. Checkout is one of the big crypto-to-FIAT payment processors. It didn’t raise money from outside investors until 2019 but is one of the most valuable start-ups in the world.