Bitcoin gains as US regulator gives crypto its first policy win
NEW YORK – Bitcoin, the world’s largest cryptocurrency, approached the previous session’s record high on Jan 21 in choppy trading as the top US markets regulator unveiled a plan to overhaul rules for the sector.
Bitcoin hit a record high US$109,071 on Jan 20 when Mr Trump, who has pledged to be a “crypto president,” was sworn in, but sank when crypto was not included in a flurry of executive actions on Day One.
Bitcoin prices rose 3.8 per cent on Jan 21 while Ethereum, the second-largest cryptocurrency, gained 1.4 per cent as the market shook off some of that disappointment.
The Securities and Exchange Commission’s new leadership said on Jan 21 it had created a task force to develop a regulatory framework for digital assets, the…
