Market News/Regulation/Finance
Highlights of the Week: Anticipating a Trump Administration
This week, CoinDesk discusses upcoming changes in cryptocurrency regulations, market movements, and features key figures like Trump and analysts in the crypto industry.
1 min read
CoinDesk’s reporting intensified this week as the cryptocurrency sector braces for an approaching presidential administration and more favorable regulatory conditions.
Key Highlights:
- Senior analyst James Van Straten reported on a surge of companies purchasing Bitcoin to bolster their balance sheets, following the strategy established by Michael Saylor of MicroStrategy.
- Markets reporter Krisztian Sandor tracked the increase of Solana's SOL, XRP, and Hedera's HBAR amid speculation that Trump might endorse an America-first crypto reserve to support a national Bitcoin holding.[Translation: Trump podría respaldar una reserva criptográfica “de Estados Unidos primero” para complementar una tenencia nacional de Bitcoin.]
- Co-Managing Editor Omkar Godbole analyzed why Bitcoin prices remain depressed. However, he assured that this downturn would not obstruct long-term institutional adoption.
- Senior reporter Ian Allison spoke with Norman Reed, the new head of Binance.US, who disclosed efforts by SEC officials to limit the exchange's banking relationships as part of a 2022 investigation.[Translation: los funcionarios de la SEC intentaron restringir las relaciones bancarias de Binance.US como parte de su investigación de 2022.]
- Asia reporter Sam Reynolds examined how regulators in various nations have tried to ban Polymarket amid ongoing debates regarding gambling laws.
As the week concludes, crypto environments prepare for inaugural celebrations in Washington, D.C., leading to important discussions in the crypto industry.