sophi5uy6 pfp

sophi5uy6

@sophi5uy6

149 Following
151 Followers
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
Trump made firing SEC Chair Gary Gensler one of his central campaign promises to the crypto industry. After the presidential election, Gensler announced that he would step down on Jan. 20. Commissioner Jaime Lizárraga is also planning to leave the SEC on Jan. 17, leaving Crenshaw as potentially the sole remaining Democrat at the agency.
0 reply
1 recast
2 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
Crenshaw, a Democrat, was initially nominated for a term expiring in June 2024, but she is allowed to continue working at the SEC until the end of 2025. With President-elect Donald Trump expected to be inaugurated on Jan. 20 and new members of Congress with a Republican majority being sworn in on Jan. 3, Democrats have a very narrow window of opportunity to confirm the SEC commissioner while they hold the Senate.
0 reply
1 recast
2 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
A warm Farcaster welcome to @gillian63fi!
0 reply
2 recasts
16 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
A warm Farcaster welcome to @ella701tt!
0 reply
1 recast
15 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
A warm Farcaster welcome to @jenny9e8s!
0 reply
1 recast
15 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
A warm Farcaster welcome to @amelia6g1q!
0 reply
1 recast
15 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
A warm Farcaster welcome to @arnold1ng3!
0 reply
1 recast
15 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
In his speech, Trump emphasized that Bitcoin is “not just another asset” and “not just an investment,” describing it instead as a “global asset.”
0 reply
3 recasts
21 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
The businessman also predicted that more governments will embrace Bitcoin in the coming years, stressing that early adopters will be among those who win.
0 reply
2 recasts
20 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
He expressed confidence that Bitcoin will hit $1 million per coin one day, highlighting the cryptocurrency’s potential to “transform the global economy in beautiful ways.” .
0 reply
2 recasts
20 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
Trump, an American businessman, executive vice president of the Trump Organization and son of United States President-elect Donald Trump, predicted that Bitcoin will someday hit $1 million
0 reply
2 recasts
19 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
Today in crypto, Eric Trump predicted governments and institutions will adopt Bitcoin, and BTC will hit $1 million, Google hit a new advancement with its quantum computing chip, and Ripple CEO Brad Garlinghouse criticized 60 Minutes for omitting crucial information about his company’s lawsuit with the United States Securities and Exchange Commission.
0 reply
2 recasts
18 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
The minting event launched USDT’s market cap to around $124 billion in early November, soaring to $132 billion by Nov. 26 before finally landing around $138 billion on Dec. 10 after the ADGM approval.
0 reply
2 recasts
16 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
In November, Tether went on a minting spree, injecting over $5 billion into the market within 72 hours, spurring discussions about its influence on the crypto market.
0 reply
3 recasts
16 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
The FSOC has called for stronger risk management standards to address vulnerabilities, including exposure to bank runs and systemic risks.
0 reply
2 recasts
12 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
In line with the council’s perspective on stablecoins over the years, the FSOC pointed out that the market is “heavily concentrated,” with a single firm (Tether) holding roughly 70% of the sector’s “total market value.”
0 reply
2 recasts
11 reactions
sophi5uy6 pfp
sophi5uy6
@sophi5uy6
According to the United States Financial Services Oversight Council (FSOC), stablecoins present risks to financial stability due to their lack of solid risk management standards.
0 reply
2 recasts
10 reactions