Prices of the top three cryptocurrencies remained flat today (Wednesday) after the US Securities and Exchange Commission (SEC) announced a groundbreaking initiative to bring clarity to cryptocurrency regulations under President Trump’s administration.
At press time, Bitcoin is trading at around $104,000, representing a 4% increase on the weekly chart despite a 1% decline over the past 24 hours.
The second largest cryptocurrency by market valuation,
Ethereum
Ethereum
Ethereum is an open source distributed computing platform and operating system based on blockchain technology and featuring smart contract functionality. Ethereum was created in 2014, and is now the second largest cryptocurrency by market capitalization at the time of writing. As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also makes it possible to create distributed applications, or dapps. Understanding EthereumEthereum prides itself on its own programming language,
Ethereum is an open source distributed computing platform and operating system based on blockchain technology and featuring smart contract functionality. Ethereum was created in 2014, and is now the second largest cryptocurrency by market capitalization at the time of writing. As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also makes it possible to create distributed applications, or dapps. Understanding EthereumEthereum prides itself on its own programming language,
Read this termwere trading for $3,279, representing a decline of 1% and 2% in the past day and week, respectively. On the other hand, XRP was trading at $3.16, representing a 7.5% increase in the past week.
Bitcoin, Ethereum, Ripple, Source: CoinMarketCap
In a major decision affecting the sector, Mark Ueda, Chairman of the Securities and Exchange Commission, launched a Cryptocurrency Task Force to develop a clear regulatory framework for digital assets.
The initiative will now be led by Commissioner Hester Peirce, a well-known advocate for balanced cryptocurrency policies. “I look forward to Commissioner Pierce’s efforts to lead regulatory policy on cryptocurrencies, which includes multiple divisions and offices of the SEC,” Acting Chairman Ueda commented.
Donald Trump, who was recently sworn in as the 47th president of the United States, has selected Mark Ueda as acting chairman of the Securities and Exchange Commission until the Senate confirms Paul Atkins to the top regulatory post.
Within the framework of the new working group, the long-standing issue of regulatory clarity in the field of digital assets is expected to be addressed. According to new guidance issued by the agency under the crypto-friendly Trump administration, previous reliance on enforcement procedures has created confusion, stifled innovation, and left many industry participants in a legal limbo.
The US Securities and Exchange Commission is launching a new task force, led by Commissioner Hester Peirce, to create a clear regulatory framework for crypto assets. 🇺🇸 pic.twitter.com/ma44UrnMiD
— Michael Saylor ⚡ Founder of MicroStrategy (parody) (@Saylorsatsire) January 21, 2025
The Trump administration’s approach stands in stark contrast to that of its predecessor. Under Joe Biden, then-SEC Chairman Gary Gensler was seen as hostile to the cryptocurrency industry. Gensler has resisted approving cryptocurrency exchange-traded funds and pursued strict enforcement measures, leaving the market in a state of uncertainty.
Market reaction and public participation
Bitcoin
Bitcoin
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is certain: Bitcoin has changed the world. No one can remain indifferent to these revolutionary decentralized digital assets, nor to their blockchain technology. In fact, we have come a long way since Laszlo Hanich, a Florida resident, made the first official BTC trading transaction with a real company by trading 10,000 BTC for 2 pizzas at his local store. John. Now one could argue with that
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is certain: Bitcoin has changed the world. No one can remain indifferent to these revolutionary decentralized digital assets, nor to their blockchain technology. In fact, we have come a long way since Laszlo Hanich, a Florida resident, made the first official BTC trading transaction with a real company by trading 10,000 BTC for 2 pizzas at his local store. John. Now one could argue with that
Read this term The coin reacted positively to the news, rising 2% to $107,147, according to data from CoinMarketCap. The SEC has highlighted the importance of public input, noting that the task force will hold hearings and seek comments from investors, academics, and industry participants.
Bitcoin daily price chart, source: TradingView
The task force intends to align regulatory standards with its federal and international counterparts, including the Commodity Futures Trading Commission.
With Hester Peirce at the helm, the cryptocurrency sector may finally see a more transparent and innovation-friendly regulatory environment. According to technical analysis, Bitcoin is on a clear uptrend, as it is currently trading above the $91,000 support level and the 50 and 200 moving averages.
Ethereum, on the other hand, has been in a consolidation mode, trading between the $3,105 support level and the $3,691 price resistance level since December 22. XRP has been in an uptrend since breaking the $2.6 resistance level on January 15.
Prices of the top three cryptocurrencies remained flat today (Wednesday) after the US Securities and Exchange Commission (SEC) announced a groundbreaking initiative to bring clarity to cryptocurrency regulations under President Trump’s administration.
At press time, Bitcoin is trading at around $104,000, representing a 4% increase on the weekly chart despite a 1% decline over the past 24 hours.
The second largest cryptocurrency by market valuation,
Ethereum
Ethereum
Ethereum is an open source distributed computing platform and operating system based on blockchain technology and featuring smart contract functionality. Ethereum was created in 2014, and is now the second largest cryptocurrency by market capitalization at the time of writing. As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also makes it possible to create distributed applications, or dapps. Understanding EthereumEthereum prides itself on its own programming language,
Ethereum is an open source distributed computing platform and operating system based on blockchain technology and featuring smart contract functionality. Ethereum was created in 2014, and is now the second largest cryptocurrency by market capitalization at the time of writing. As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also makes it possible to create distributed applications, or dapps. Understanding EthereumEthereum prides itself on its own programming language,
Read this termwere trading for $3,279, representing a decline of 1% and 2% in the past day and week, respectively. On the other hand, XRP was trading at $3.16, representing a 7.5% increase in the past week.
Bitcoin, Ethereum, Ripple, Source: CoinMarketCap
In a major decision affecting the sector, Mark Ueda, Chairman of the Securities and Exchange Commission, launched a Cryptocurrency Task Force to develop a clear regulatory framework for digital assets.
The initiative will now be led by Commissioner Hester Peirce, a well-known advocate for balanced cryptocurrency policies. “I look forward to Commissioner Pierce’s efforts to lead regulatory policy on cryptocurrencies, which includes multiple divisions and offices of the SEC,” Acting Chairman Ueda commented.
Donald Trump, who was recently sworn in as the 47th president of the United States, has selected Mark Ueda as acting chairman of the Securities and Exchange Commission until the Senate confirms Paul Atkins to the top regulatory post.
Within the framework of the new working group, the long-standing issue of regulatory clarity in the field of digital assets is expected to be addressed. According to new guidance issued by the agency under the crypto-friendly Trump administration, previous reliance on enforcement procedures has created confusion, stifled innovation, and left many industry participants in a legal limbo.
The US Securities and Exchange Commission is launching a new task force, led by Commissioner Hester Peirce, to create a clear regulatory framework for crypto assets. 🇺🇸 pic.twitter.com/ma44UrnMiD
— Michael Saylor ⚡ Founder of MicroStrategy (parody) (@Saylorsatsire) January 21, 2025
The Trump administration’s approach stands in stark contrast to that of its predecessor. Under Joe Biden, then-SEC Chairman Gary Gensler was seen as hostile to the cryptocurrency industry. Gensler has resisted approving cryptocurrency exchange-traded funds and pursued strict enforcement measures, leaving the market in a state of uncertainty.
Market reaction and public participation
Bitcoin
Bitcoin
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is certain: Bitcoin has changed the world. No one can remain indifferent to these revolutionary decentralized digital assets, nor to their blockchain technology. In fact, we have come a long way since Laszlo Hanich, a Florida resident, made the first official BTC trading transaction with a real company by trading 10,000 BTC for 2 pizzas at his local store. John. Now one could argue with that
While some may still wonder what Bitcoin is, who created Bitcoin, or how Bitcoin works, one thing is certain: Bitcoin has changed the world. No one can remain indifferent to these revolutionary decentralized digital assets, nor to their blockchain technology. In fact, we have come a long way since Laszlo Hanich, a Florida resident, made the first official BTC trading transaction with a real company by trading 10,000 BTC for 2 pizzas at his local store. John. Now one could argue with that
Read this term The coin reacted positively to the news, rising 2% to $107,147, according to data from CoinMarketCap. The SEC has highlighted the importance of public input, noting that the task force will hold hearings and seek comments from investors, academics, and industry participants.
Bitcoin daily price chart, source: TradingView
The task force intends to align regulatory standards with its federal and international counterparts, including the Commodity Futures Trading Commission.
With Hester Peirce at the helm, the cryptocurrency sector may finally see a more transparent and innovation-friendly regulatory environment. According to technical analysis, Bitcoin is on a clear uptrend, as it is currently trading above the $91,000 support level and the 50 and 200 moving averages.
Ethereum, on the other hand, has been in a consolidation mode, trading between the $3,105 support level and the $3,691 price resistance level since December 22. XRP has been in an uptrend since breaking the $2.6 resistance level on January 15.
