With Donald Trump’s return to the Oval Office, the U.S. crypto industry is witnessing a newfound optimism. At the forefront of this optimism is Brian Armstrong, Coinbase’s CEO, whose net worth surged by over $2 billion following the election. Armstrong’s outspoken reflections on the results, published on X, highlight what he believes to be a pivotal moment for economic freedom and the crypto community’s mission.
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.
In a recent revelation, Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), announced that the regulator reached an all-time high in the 2023 Fiscal Year with 18,000 whistleblower tips. This figure not only surpasses the previous fiscal year's record by a significant margin but also emphasizes the invaluable contribution of whistleblowers in ensuring transparency and accountability.
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.