Crypto Market Swings Amidst Regulatory Rifts in the US

Crypto markets have turned upward in recent days following good news. BTC surpassed $30,000, but today, due to new BTCs entering the exchanges, the price dropped below $29,700. At the time of writing, bulls are struggling to limit the impact of the sell-off. However, significant developments are also taking place that may affect the long-term trajectory. Fed, SEC and Crypto The Federal Reserve (Fed) and the Securities and Exchange Commission (SEC) play crucial roles in the world of crypto. The SEC is currently behaving aggressively, seeking to broaden its influence by litigating against crypto companies. It desires control over everything, including matters falling within the purview of the Commodities Futures Trading Commission (CFTC) and the Fed. But it won’t always be this way. The CFTC Chairman has already stated that the SEC’s jurisdiction is broader than necessary for crypto. Now, Fed Chairman Jerome Powell is stepping forward. He appears to […] The post Crypto Market Swings Amidst Regulatory Rifts in the US appeared first on COINTURK NEWS.