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Trump's expected crypto regulation clarity sends bitcoin soaring

Bitcoin (BTC-USD) is yet again trading above the $100,000 mark amid reports that crypto is an early priority for the incoming Trump administration. Delta Blockchain Fund founder and general partner Kavita Gupta joins Catalysts with Seana Smith to discuss the crypto industry heading into Trump's return to the White House. Gupta says the crypto community is relieved that Trump is prioritizing crypto regulation. "There is a big feeling of, 'Thank God we are no more in a gray area,'" she says. "It feels like now, every institution, every government, every country's president is talking about it, which is absolutely great." "We do want to protect retail customers. We want to work within the government bounds ... the clarity on the regulations is and should be the first priority," Gupta adds. Watch the video above to learn about Gupta's expectations for Trump's administration to bolster the US's global standing within the crypto space, crypto initial public offering (IPO) opportunities, and downside risks to bitcoin's rise. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. The post was written by Naomi Buchanan.

Yahoo Finance Video 1 hour ago

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S&P 500 futures, Trump and crypto, TikTok ban: 3 Things

Stock futures (ES=F, NQ=F, YM=F) move higher in Friday's extended hours, putting the S&P 500 (^GSPC) on pace for its best trading week since the 2024 election. Bitcoin (BTC-USD) rises back above $100,000 on reports of President-elect Donald Trump prioritizing crypto by proposing a new advisory council when he retakes office. The Supreme Court has yet to announce its decision and proposed options for the proposed ban on TikTok just two days out from the law's deadline. Many speculate on whether Trump could extend the deadline in his reentry into the White House. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 5 hours ago

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We're getting a better idea what Trump's plans are for crypto

Trump's expected executive order is seen including the creation of a crypto taskforce involving industry insiders, among other things.

Business Insider 3 hours ago

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XRP Price Jumps and Bitcoin Surges Past $100,000. Why the Crypto Rally Has Legs.

Cryptos have been helped by macroeconomic factors this week. Trump's inauguration could be the next catalyst.

Barrons.com 7 hours ago

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Is dollar dominance here to stay? Economist talks US dollar strength

Scott Bessent, President-elect Donald Trump's pick for Treasury Secretary, is expected to emphasize the US dollar's role (DX=F, DX-Y.NYB) as the world’s reserve currency in his confirmation hearing on Capitol Hill on Thursday. "We are in an environment that has been very supportive for the dollar in recent years, and I think that reflects [how] the US economy has been relatively strong, certainly compared to many other developed market economies," Citi chief global economist Nathan Sheets explains to Seana Smith and Madison Mills on Catalysts. Sheets ties the above sentiment back to the Federal Reserve's aggressive interest rate-cutting cycle: " ... It's much easier to pencil in significant rate cuts for many foreign economies than it is for the United States. When I put all that together, I'd say we've got a cyclically strong dollar." Additionally, Sheets comments on the outlook of a strategic bitcoin reserve (BTC-USD) and warns of the potential economic impact of Trump's proposed tariffs and their part in raising consumer prices and inflation. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Josh Lynch

Yahoo Finance Video yesterday

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Bitcoin Price Closes In on $100,000 Again. How the Crypto Could Get There.

Moves in digital coins were largely driven by macroeconomic developments. Coming in cooler than expected, the data looked to increase odds of the Federal Reserve cutting interest rates several times this year. Any signs that interest rates are coming down more quickly than previously expected would likely boost Bitcoin prices even further.

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XRP Price Surges Past $3. These 3 Factors Are Turbocharging the Crypto.

Core inflation declining, new crypto ETFs, and developments in the Ripple vs. SEC case all help XRP price.

Barrons.com yesterday

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Bitcoin price nears $100,000 ahead of Trump inauguration as US inflation cools

The cryptocurrency crossed the $100,000 threshold three times before retreating slightly on Thursday.

Yahoo Finance UK yesterday

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XRP Price Hit Record High. Watch This SEC vs. Ripple Development Today.

In August 2024, a judge ordered Ripple to pay a $125 million fine for violating investor-protection laws.

Barrons.com yesterday

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Does the US need a bitcoin reserve? BitGo CEO doesn't think so

Crypto enthusiasts and critics debate whether President-elect Donald Trump's second administration, which is expected to be crypto-friendly, could introduce a strategic bitcoin (BTC-USD) reserve. The prospect of a bitcoin reserve has contributed to bitcoin's climb, but BitGo CEO Mike Belshe tells Morning Brief Co-Hosts Seana Smith and Brad Smith that bitcoin is well-positioned regardless of a US crypto reserve. BitGo serves as a custodian for two of 21Shares’ US Spot ETFs: the ARK 21Shares bitcoin ETF (ARKB) and the 21Shares Core ethereum ETF (CETH). "I know there's some excitement about [a strategic bitcoin reserve], but I think actually, if there's one guy that doesn't need a bitcoin strategic reserve, it's the US Treasury," Belshe says, explaining, "I don't think the US government needs one because the US actually is the reserve currency and should focus on maintaining that capability. Other countries already have started using the dollar as a reserve years ago." Belshe notes that countries that have fixed their currency to the dollar, like El Salvador and Panama, are better candidates for a bitcoin reserve: "They should consider Bitcoin reserves and fix it to the bitcoin instead of the dollar because that would be a better reserve for them." Catch the first half of Yahoo Finance's interview with BitGo CEO Mike Belshe commenting on the outlook for the crypto space and bitcoin under a Trump 2.0 administration. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.

Yahoo Finance Video yesterday

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'Everything is aligned' for bitcoin under Trump 2.0: BitGo CEO

Mike Belshe, CEO of BitGo, which serves as a custodian for two of 21Shares’ US Spot ETFs: the ARK 21Shares bitcoin ETF (ARKB) and the 21Shares Core ethereum ETF (CETH), joins Morning Brief with Seana Smith and Brad Smith to discuss his expectations for crypto under Trump 2.0. "Everything is aligned to do well," Belshe says. "I think we're extremely well positioned given the regulatory changes given the adoption that's been going on ... the industry is anticipating that this is going to be a good time for bitcoin." Crypto optimism has surged from expectations that Trump's second administration will be more crypto-friendly. Ahead of Trump's return to the White House, Securities and Exchange Commission (SEC) Chair Gary Gensler, who has largely been viewed as a crypto adversary, is set to step down from his role. Trump named crypto enthusiast Paul Atkins as his pick to replace Gensler. "Gary Gensler has, for some reason, decided to take a war against crypto," Belshe states. "Mr. Gensler wants to talk about use cases. Bitcoin is the strongest use case; it's a store of value unlike any other, it's a monetary system which is frankly a hedge against the dollar because the government here has had a really hard time containing costs." "Bitcoin is a monetary system where it's a fixed supply, so you just don't have to worry about somebody deciding to spend the money [and] create a bunch of extra supply that wasn't anticipated," he adds. Catch Yahoo Finance Federal Reserve Reporter Jennifer Schonberger's full interview with outgoing SEC Chair Gary Gensler here. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.

Yahoo Finance Video 2 days ago

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Bitcoin Price Rises After CPI Inflation Report. Why the Data Matter for Crypto.

The token's price was up after December's CPI data showed a decline in the core inflation rate.

Barrons.com 2 days ago

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Nasdaq, Dow, S&P 500 all soar on December's inflation data

US stocks (^DJI, ^IXIC, ^GSPC) are all soaring following this morning's Consumer Price Index (CPI) print, which saw headline inflation come in line with economist estimates while core CPI cooled in December. The Nasdaq Composite has risen by over 1.7% on the latest inflation reading. Morning Brief's Brad Smith and Yahoo Finance markets and data editor Jared Blikre eye the market averages after the opening bell, while also observing trends in bond yields (^TYX, ^TNX, ^FVX), gold (GC=F) and copper prices (HG=F), and banking stocks. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 2 days ago

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Bitcoin and stocks have been moving in sync: Morning Brief

It's been just over a year since the SEC legalized bitcoin spot ETFs. And in that time one thing has become fairly obvious: "Digital gold" may not be the best description.

Yahoo Finance 2 days ago

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The truth about crypto

Cryptocurrency hasn't delivered on its promise to replace money. It's just created a new way to gamble.

Business Insider 2 days ago

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Crypto didn't influence the 2024 election: SEC's Gary Gensler

Bitcoin (BTC-USD) surged on Donald Trump's reelection as the former president's second administration is expected to be pro-crypto. Trump's return to the White House will mark the end of US Securities and Exchange Commission (SEC) Chair Gary Gensler's tenure, as he's set to step down on Jan. 20. The outgoing SEC chair has been regarded as a hindrance for crypto. Gensler sits down with Yahoo Finance senior reporter Jennifer Schonberger to discuss his view that his tough-on-crypto stance did not influence voters in the 2024 presidential election. "I think that it's important to build trust in capital markets, that people comply with the laws as passed by Congress and that this great agency enforces," Gensler says, comparing requiring crypto-specific SEC regulations to hybrid vehicle-specific traffic laws. "We apply the laws across financial markets consistently, and the crypto field is non-compliant," he adds. The outgoing SEC chair dismisses the idea that his crypto stance influenced the election, saying, "I haven't seen any indication that crypto is what drove people one way or the other," adding "they were voting on other things, other pocketbook issues, whether that's around inflation or other economic issues." Catch Jennifer Schonberger's full interview with outgoing SEC Chair Gary Gensler, where they discuss his tenure at the regulatory agency and the future of cryptocurrency regulation. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.

Yahoo Finance Video 2 days ago

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Outgoing SEC chair Gensler has crypto doubts ahead of Trump 2.0

Bitcoin (BTC-USD) and other cryptocurrencies surged on President-elect Donald Trump's win, as Trump's second administration is expected to be more crypto-friendly. US Securities and Exchange Commission (SEC) Chair Gary Gensler is set to step down on January 20, Trump's Inauguration Day, bringing an end to his tenure, which many have found to be anti-crypto. Gensler sits down with Yahoo Finance Federal Reserve Reporter Jennifer Schonberger to look back at his time in the SEC and discuss his crypto stance. "Investors are ... in essence, betting on a project," Gensler says about crypto investing. "[Investors] need the proper disclosure — the law says you're supposed to get that disclosure — and [crypto is] not currently compliant." "For any investor listening, you really want to think through [that] these are not only highly speculative but on thousands and thousands of projects, you have to question: What is their true use case? What is their value proposition?," the outgoing SEC chair tells Yahoo Finance. Gensler touches on claims that the SEC lacks proper guidelines for crypto. "If you went on a highway and you're driving a hybrid and you said, 'Well, there's no laws because the laws weren't meant for hybrids' ... that doesn't cut it," he says. "Not liking the law and not liking the rules doesn't mean there aren't laws and rules, and, with all respect, this is a worldwide field — many jurisdictions and so forth. But the laws and the rules here in the US, whether they're anti-money laundering, whether they're sanctions regimes, whether they're the Commodity Exchange Act, whether they're securities laws, many in the crypto field are not complying with our time-tested laws," Gensler adds. Catch Jennifer Schonberger's full interview with outgoing SEC Chair Gary Gensler, where they discuss his tenure at the regulatory agency and the future of cryptocurrency regulation. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.

Yahoo Finance Video 2 days ago

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Regional banks, VIX moves, bitcoin: Market Takeaways

US stocks (^DJI, ^IXIC, ^GSPC) closed mixed on Tuesday following cooler-than-expected Producer Price Index (PPI) data for the month of December. Yahoo Finance Markets & Data Editor Jared Blikre analyzes the day's key market movements, including regional bank performance ahead of Big Bank earnings tomorrow, what trends in the CBOE volatility index (^VIX) signal for the market, and bitcoin's (BTC-USD) emerging role as a leader for stocks. Catch Blikre's full interview with Freedom Capital Markets chief global strategist Jay Woods from today's episode of Stocks In Translation. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith

Yahoo Finance Video 2 days ago

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SEC’s Gensler not backing down from crypto crackdown as he exits: 'I feel very good about what we’ve done'

Securities and Exchange Commission chair Gary Gensler is not backing down from his views about the cryptocurrency industry as he prepares to walk out the door, saying "many in the crypto field are not complying with our time-tested laws."

Yahoo Finance 2 days ago

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Outgoing SEC Chair Gensler talks crypto regulation, AI, his legacy

US Securities and Exchange Commission (SEC) Chair Gary Gensler's term is set to end on January 20, stepping down amid the incoming Trump administration's transition into the White House. President-elect Donald Trump has selected former SEC Commissioner Paul Atkins as his nominee to lead the regulatory agency. SEC Chair Gensler sits down with Yahoo Finance senior reporter Jennifer Schonberger to talk about his legacy and chief accomplishments at the helm of the agency, from capital market regulations and the SEC's own cryptocurrency frameworks. When asked about the crypto community's role in propelling Trump to a 2024 election victory, Gensler notes: "I think voters are smart enough to know and they were voting on other things, other pocketbook issues, whether that's around inflation or other issues, economic issues. I haven't seen any indication that crypto is what drove people one way or the other [to the polls]." Spot bitcoin (BTC-USD) ETFs drew in over $36 billion of investor inflows in 2024 after the funds gained approval early last year. Gensler notes the SEC has never identified crypto assets like bitcoin and ethereum (ETH-USD) as securities, leading him to ponder: "You need fundamentals, ultimately. Momentum can only carry you so far. And so I think for any investor listening, you really want to think through, these are not only highly speculative, but on thousands and thousands of projects, you have to question what is their true use case? What is their value proposition?" Gensler goes to weigh in on Coinbase's (COIN) own push for crypto regulation, the Federal Reserve's position in investing in a strategic bitcoin reserve, the future of artificial intelligence guardrails, and the sturdiness of the US Treasuries market (^TYX, ^TNX, ^FVX) in another financial crisis. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 2 days ago

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