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Crypto

U.S. House Financial Services chair says SEC, CFTC steps not enough, calls for Clarity Act

French Hill (프렌치 힐), chair of the U.S. House Financial Services Committee, said regulatory steps by financial authorities alone would not be enough to create stability in the crypto market and again stressed the need for the Clarity Act. He said the SEC and CFTC are working on digital asset rules but cannot replace legislation. Hill pointed to a tight post-election Senate schedule and leadership gaps at both agencies as key variables.

Crypto

Bitcoin rose after last three U.S. midterms, but 2018 saw sharp post-election drop

Bitcoin rose in the 12 months after the last three U.S. midterm elections, with gains of 24.5 percent, 44.9 percent and 92.3 percent, an analysis showed. The pattern came with volatility, including a roughly 45.5 percent drop in the month after the 2018 vote. Analysts cautioned the sample is small and past performance does not guarantee future returns. Rates, regulation and investment demand could also shape Bitcoin’s post-election path.

Crypto

Bitcoin, XRP, Near entry still not too late, Wintermute says bull market just beginning

Wintermute said it is not too late to enter bitcoin and major altcoins even as pressure builds in the U.S. Treasury market. It said the global digital asset bull market is still in an early phase, but warned that chasing low-quality altcoins could be risky as the recent three-month altcoin rally matures. Bitcoin rose 2.4 percent on the week to $86,100, with $90,000 to $95,000 seen as the next target zone.