j2754529

@j2754529

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The SEC features a board of five commissioners. At present, the list of SEC commissioners includes two Republicans — Peirce and Uyeda — and three Democrats, Caroline Crenshaw, Gary Gensler and Jaime Lizarraga.

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However, Carbone expects Atkins’ nomination to be confirmed in March, depending on how quickly the Senate Banking Committee can move through nominations for other departments and agencies.

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While Trump has nominated Atkins as the next SEC chair, it’s not yet a done deal. Congress and the Senate can vote against confirming a Presidential nomination, and that may well happen with some of Trump’s more controversial picks.

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In 2019, Atkins testified before Congress on restructuring the SEC to balance investor protection with reducing regulatory burdens on emerging industries.

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The SEC features a board of five commissioners. At present, the list of SEC commissioners includes two Republicans — Peirce and Uyeda — and three Democrats, Caroline Crenshaw, Gary Gensler and Jaime Lizarraga.

0 reply

1 recast

2 reactions

j2754529 pfp

However, Carbone expects Atkins’ nomination to be confirmed in March, depending on how quickly the Senate Banking Committee can move through nominations for other departments and agencies.

0 reply

1 recast

2 reactions

j2754529 pfp

While Trump has nominated Atkins as the next SEC chair, it’s not yet a done deal. Congress and the Senate can vote against confirming a Presidential nomination, and that may well happen with some of Trump’s more controversial picks.

0 reply

1 recast

2 reactions

j2754529 pfp

In 2019, Atkins testified before Congress on restructuring the SEC to balance investor protection with reducing regulatory burdens on emerging industries.

0 reply

1 recast

1 reaction

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The IMF and the Salvadoran government have discussed the $1.3 billion loan and possible changes to El Salvador’s Bitcoin Law since at least October 2024.

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More than 7% of fintech companies headquartered in Australia shut down in 2024, with the blockchain and cryptocurrency market taking the biggest hit, a KPMG study of the country’s fintech landscape found.

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The number of independent fintech firms in Australia has declined for two years, falling from 800 firms in 2022 to 767 across all business verticals as of Dec. 9, noted KPMG’s Australia Fintech Landscape 2024 report.

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BitOasis received a full virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), the firm announced on Dec. 9.

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Today’s Bitcoin drop could be linked to trader caution ahead of the Microsoft vote, particularly given the board’s recommendation against adding BTC to the company’s treasury.

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This may have tempered expectations, with traders positioning for a potential broader price decline following the vote's outcome.

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Bitcoin’s price decline in the last 24 hours appears after notable coin movements among traders holding BTC for 6-12 months.

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These long-term holders have moved approximately 179,000 BTC between Dec. 4 and Dec. 7, according to data shared by on-chain analyst Mignolet.

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“These 6-12 month holdings largely consist of Bitcoins accumulated during the extended consolidation period from March to October this year,” the analyst said, adding:

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Bitcoin's ongoing price correction coincides with elevated daily relative profit/loss (P/L) ratio levels. The on-chain metric recently matched its all-time high from March 2024, a level previously observed when Bitcoin peaked at $73,400 in Q1 2024.

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In some cases, however, a higher P/L ratio results in capital rotation, where selling pressure from profit-takers is absorbed by retail investors during bullish phases, akin to what happened during the 2020-2021 bull run.

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Bitcoin’s price drop in the last 24 hours has appeared further due to weakening technicals.

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