Cryptocurrency analyst Scott Melker predicts a 90% chance of #BitcoinETF approval by January 10th, expecting simultaneous approvals.

Melker suggests a #Bitcoin spot ETF approval as a strategic decision for #Gensler amid regulatory challenges.
https://coinpedia.org/news/crypto-market-outlook-bold-predictions-for-bitcoin-etfs-impact/

SEC Chairman #Gensler discloses ongoing review of 8-12 spot Bitcoin ETF applications, citing legal considerations.

Gensler expresses concerns about #crypto compliance, anti-money laundering, and commingling issues, while new #ETF filings emerge.
https://coinpedia.org/news/sec-chair-gensler-hints-potential-bitcoin-etf-approval-highlights-secs-new-look-post-court-rulings/

SEC approves #Bitcoin Spot #ETFs; #Gensler clarifies, urging caution, emphasizing risks, and non-endorsement of #crypto.

Approval marks a significant moment, impacting Bitcoin prices; dissenting opinions within SEC express investor protection concerns.
https://coinpedia.org/news/gary-genslers-bold-statement-on-crypto-post-bitcoin-etf-approval/

SEC introduces strict rules affecting #crypto liquidity after a 3-2 majority vote, sparking industry concerns. #cryptonews

#DeFi industry voices criticism, while SEC Chair #Gensler defends regulatory changes emphasizing #investor protection.
https://coinpedia.org/news/sec-drops-the-boomshell-on-crypto-defi-dealers-beware-big-changes-in-rule-unveiled/

#Ripple's CLO Stuart Alderoty sparks speculation about potential SEC exodus, raising concerns about #Gensler's leadership.

Alderoty's remarks suggest internal tensions within SEC, echoed by Pro-XRP lawyer Bill Morgan, criticizing Gensler's approach.
https://coinpedia.org/news/sec-in-the-spotlight-ripple-executives-challenge-genslers-leadership-and-direction/

Source: @CNBC

Gary Gensler Says Bitcoin Is "Not That Decentralized’'

🔵 In a new interview on CNBC, #Gensler says #Bitcoin (BTC) isn't as #decentralized as commonly believed, citing centralized #crypto exchanges as a factor.

🔵 Gensler argues that Bitcoin's decentralization should not be solely attributed to its availability on various exchanges but rather to its underlying blockchain technology.

🔵 Gensler echoes sentiments from JPMorgan CEO Jamie Dimon, asserting that BTC is often used in #ransomware attacks.

🔵 He emphasizes the difference between traditional currencies like the US dollar, euro, and yen, which have #centralized support, and Bitcoin, which lacks such backing. Gensler suggests that Bitcoin's transparent ledger might mislead investors about its decentralization.

#Cryptocurrency #Blockchain #CryptoNews

Gary #Gensler faces constant legal issues and criticism amid his unchanged approach to #Ether #ETFs. #CryptoNews

SEC scrutinizes #Ethereum ETF applications, with delays sparking debates and market uncertainty over approval prospects.
https://coinpedia.org/news/secs-gary-gensler-clarifies-bitcoin-etf-nod-doesnt-guarantee-ethereum-etf-approval/

Top #CryptoNews In Last 12 Hours

1️⃣#Genesis Global Holdco holds $1.6B shares in #Grayscale Trusts, permitted to liquidate $1.3B GBTC shares by court.

2️⃣#PlayDapp hit by two #hacks in a week, losing $290M PLA tokens, prompting swift response and ongoing communication with hacker.

3️⃣ #Revolut considers listing #Solana meme coin #Bonk, plans massive token distribution in "Learn and Earn" campaign.

4️⃣SEC Chair #Gensler's recent interview didn't shed light on #EthereumETF approvals, causing uncertainty in the #cryptomarket

5️⃣#Coinbase shares surged 37% amid #Bitcoin's rise, ahead of strong Q4 earnings. Analysts predict revenue boost and increased trading volumes.

6️⃣#Bakkt secures regulatory approval for $150M securities sale after declaring financial ability to continue.

7️⃣Sean McBride, ex-Ripple director, suggests #XRP could become a #stablecoin, World Bank's recognition stirs speculation. Ripple prioritizes XRP utility.

Lawyers shifting from SEC to private firms sparks concerns about agency's direction under #Gensler.

Departure of SEC's Ladan Stewart's departure to White & Case raises questions about SEC's handling of #crypto #regulation.
https://coinpedia.org/news/the-ripple-effect-stewarts-sec-exit-and-its-impact-on-crypto-regulation/

Source : @CNBC

Gary Gensler on Ethereum.

Gary #Gensler had appeared on CNBC discussing #Ethereum, once more evading questions on whether Ethereum was a security.

Both #XRP and #ETH hadn't met security criteria. The real issue was the alleged misinformation provided to Congress by Gensler and the SEC. The debate should have shifted to addressing the integrity of information presented to legislative bodies.

#Crypto #CryptoNews

#Ripple CEO confident in lawsuit, predicts SEC loss, emphasizes clarity in #regulations, and long-term investments. #Crypto

Garlinghouse forecasts $5 trillion #cryptomarket, suggests #XRP price increase, criticizes SEC Chair Gary #Gensler.
https://coinpedia.org/news/ripple-vs-sec-brad-garlinghouse-is-bullish-on-ripples-win-in-xrp-lawsuit/

Steven Neyaroff criticizes SEC's regulations, accusing Lubin and #Gensler of hindering #crypto growth and causing economic harm.

Mark Cuban joins Neyaroff, condemning SEC's ineffective regulations, calling for reform and shifting oversight responsibilities. #CryptoNews
https://coinpedia.org/news/tensions-rise-as-bloomberg-analyst-steven-neyaroff-criticizes-secs-stance-on-crypto/

Three HUGE things happening in #Crypto Next week:

1️⃣ Will #Biden Veto SAB 121 Repeal?
He said he would, but after a 60-38 vote (with his own Majority Leader against him), he has just 10 days to decide!

2️⃣ Will #Gensler Approve the ETH ETF?
Everyone's betting on a 'no,' but with Dems realizing their anti-crypto SEC chair might cost them the election, Thursday's decision could be a game-changer!

3️⃣ Will the House Pass the #FITBill?
Major crypto legislation, led by a pro-crypto Republican contingent, is up for a vote by Wed/Thurs. Will it pass?

Who's pro-#crypto? Who's anti-crypto? Next week holds the answers as politicians scramble. Crypto is gaining momentum and becoming a key election issue. 📈

Stay tuned—next week will be pivotal for crypto in politics! 🚀💥

#CryptoNews

Top #CryptoNews This Week

1️⃣ #Grayscale's #GBTCETF nets $28.195 million, while #Fidelity's #FBTC leads with $379 million inflow.

2️⃣ SEC Chair #Gensler suggests slow #ETHETF approval, criticizes #cryptoexchanges' activities as unconventional.

3️⃣ ECB cuts rates by 25 basis points, forecasts inflation increase, expects moderate easing amid strong domestic pressures.

4️⃣Bank of Canada cuts rates to 4.75%, aiming to support economic growth amid declining #inflation.

5️⃣#Bitpanda partners with Deutsche Bank for real-time #crypto payments, enhancing German user experience.

6️⃣ #Robinhood to acquire Bitstamp for $200 million, subject to regulatory approval, expanding global presence

7️⃣ #Bybit opens registration for mainland China users, causing internal panic; aims to tap into new markets

8️⃣ Chinese student sentenced to 4 years for #Memecoin fraud; issued BFF causing losses over 50,000 USDT

9️⃣#Vitalik Buterin criticizes celebrity involvement in crypto, calls for focus on public interest initiatives

🔵Gary #Gensler, SEC chair, spoke at Bloomberg Invest Summit. He mentioned the #EthereumETF approval process is progressing smoothly.

🔵He Claims "there's nothing inconsistent about #crypto securities and the securities laws," as they relate to #cryptocurrency.

🔵Highlights that many crypto tokens are considered securities.

#Ether #CryptoNews

Top #Cryptonews This Week

1️⃣ Powell Indicated Possible Rate Cut
Jerome #Powell suggested a potential rate cut in September if inflation met criteria.

2️⃣ Bank of England Reduced Rates
The Bank of England cut interest rates to 5% for the first time in over four years.

3️⃣ Bank of Japan Increased Rates
The Bank of Japan raised its policy rate to around 0.25% during its meeting.

4️⃣ Trump Proposed Bitcoin Changes
#DonaldTrump vowed to fire #Gensler, establish a #Bitcoin reserve, and support #crypto innovations.

5️⃣ Harris Campaign Reached Out to Crypto Leaders
#KamalaHarris’s team engaged with crypto figures to shape future regulatory frameworks.

6️⃣ Senators Proposed Bitcoin Purchase Plan
Senator #CynthiaLummis introduced a plan to buy 1 million bitcoins over five years.

7️⃣ Vitalik Outlined Ethereum’s Future
#VitalikButerin emphasized building apps and proposed innovative ideas at EDCON2024.

8️⃣ Musk Denied Crypto Promotion Intent
#ElonMusk stated he had no intention to promote cryptocurrencies, clarifying any mentions were jokes.

9️⃣ Snowden Warned on Bitcoin Privacy
Edward Snowden highlighted Bitcoin’s traceability and urged improved privacy measures.

🔟 MicroStrategy Reported Loss, Increased BTC Holdings
#MicroStrategy reported a $102.6 million loss but increased Bitcoin holdings to 226,500 BTC.