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The SEC, in a filing the same day, said that “neither the SEC’s Crypto Task Force nor the current administration’s stance on the crypto industry should have any effect” on the case as it does not relate to crypto regulation and it didn’t allege the pair sold cryptocurrencies.
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The FDIC argued in its Jan. 17 status report that it has complied with the FOIA request by producing all relevant documents and conducted the necessary search of letters shared with the FDIC Office of Inspector General between March 2022 and May 2023.
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“When we asked them to fix their supposed reasonable interpretation and stop playing word games, they told us it would take at least a year,” Grewal added.
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Ulbricht was already in prison during Trump’s first term, causing some crypto users to question whether the soon-to-be president will actually commute his sentence. Ulbricht was sentenced to life imprisonment without the possibility of parole following his 2015 conviction for money laundering, computer hacking and conspiracy to traffic narcotics.
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At least one of the biggest names associated with crypto-related crimes may be released in 2025 after the inauguration of President-elect Donald Trump. As a presidential candidate, Trump promised to commute the sentence of Silk Road founder Ross Ulbricht, who is currently serving life at a US penitentiary in Tucson.
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The Bureau of Prisons website stated he was not in any federal facility at the time of publication, but a court filing suggested he was still in custody.
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Lichtenstein was remanded to the custody of the Attorney General in 2022 “for confinement in a corrections facility separate, to the extent practicable, from persons awaiting or serving sentences or being held in custody pending appeal.”
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A judge sentenced Morgan, also known by her rapper name Razzlekhan, to 18 months. She is scheduled to report to the facility on Jan. 24. Following her hearing, she has continued to post on social media, promoting herself as “crypto’s favorite felon” while asking for contributions.
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https://warpcast.com/rubyfil9117/0xe92a530d
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Bitfinex analysts said in a Dec. 17 market report that their minimum price estimates “stand at $145,000 by mid-2025, potentially stretching to $200,000 under favorable conditions.”
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Bitcoin price dips will be short-lived in 2025 due to strong institutional demand, say Bitfinex analysts, who predicted a best-case scenario of Bitcoin doubling in price by June 2025.
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Bitfinex analysts conservatively projected that by mid-2025, Bitcoin could reach $145,000 and, under “favorable” conditions, potentially rise to $200,000.
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“Our view is that any corrections in 2025 will remain mild, thanks to institutional inflows,” the analysts said.
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Meanwhile, Bitfinex analysts recently said that Bitcoin price dips will be short-lived in 2025 due to strong institutional demand.
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“However, since October, trading volumes in both markets have risen simultaneously, driving Bitcoin’s upward price momentum,” Avocado said.
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Avocado said that the future and spot Bitcoin markets “experienced a prolonged period of reduced trading activity” between March and October when Bitcoin’s price was consolidating within a wide range from $53,000 to $72,000.
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“We will push higher as long as they will not reach 1%,” they added. It comes after Bitcoin tapped a new all-time high of $108,239 on Dec. 17, according to CoinMarketCap data.
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Pseudonymous crypto trader Mister Crypto said in a Dec. 17 X post, that the Bitcoin funding rates “are still not overheated at all.
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In August, when Bitcoin dropped below $60,000, its funding rate on Binance sank to the lowest levels of the year, indicating a significant shift in market sentiment.
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President-elect Donald Trump has tapped pro-crypto businessman and former Securities and Exchange Commissioner Paul Atkins as the next chair of the regulatory agency under his administration, fulfilling his promise to replace current chair Gary Gensler and delighting the crypto industry.
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