Investing.com — Bitcoin was hovering just below $96,000 on Thursday as the world’s largest digital currency eyed the $100,000 threshold, after failing to breach the milestone last week.
Bitcoin has hit a series of records since the Nov. 5 presidential election, boosted by expectations the incoming Trump administration will be extremely pro-crypto.
was up 2.2% to trade at $95,493.0 by 07:00 ET (12:00 GMT).
Trump to shift crypto regulation to CFTC from SEC – Fox
Fox News reported Wednesday that the Trump administration wants to shift the bulk of crypto regulatory oversight to the Commodity Futures Trading Commission from the Securities and Exchange Commission. The CFTC oversees the U.S. derivatives market, and is seen as having less strict regulatory standards than the SEC.
Crypto firms in the U.S. have come under intense scrutiny from the SEC in the past number of years, with enforcement…
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