Bitcoin Price Soars to $69K Amid Pro-Bitcoin Laws and Market Vigor
Bitcoin made headlines again this week by reaching $69,000. This rise caught the attention of individual and institutional investors. The priceâs decline to $63,000 also led to discussions about Bitcoinâs volatility. In particular, transfers from Mt. Gox and large amounts of money exiting #Bitcoin ETFs affected market sentiment.
Many developments were brought to the agenda at the Bitcoin Nashville conference. US Senator Cynthia Lummis sparked discussions across the country by announcing that a Bitcoin Bill would be introduced. Senator Bill Hagertyâs pro-Bitcoin legislative efforts further increased excitement within the community. In the US presidential campaign dynamics, pro-crypto candidates are prominent.
The legal battle between #Ripple and the SEC continues to be a focal point in crypto regulation. This week, prominent XRP lawyers Bill Morgan and Marc Fagel argued that a mutual agreement is unlikely. Morgan suggested that neither side is willing to make significant concessions. Fagel, however, noted that the SECâs internal meetings are not a priority, and that the agreements are not a priority.
Ripple is also struggling with political issues. Senator Warren has been criticized by XRP advocate John E Deaton for her stance on the Supreme Court decision. At the same time, #Ripple CEO Brad Garlinghouse has called for presidential candidates to adopt transparent crypto policies, addressing concerns about Kamala Harris and the Democratic Partyâs regulatory approach.
Ripple is also struggling with political issues. Senator Warren has been criticized by $XRP advocate John E Deaton for her stance on the Supreme Court decision. At the same time, Ripple CEO Brad Garlinghouse has called for presidential candidates to adopt transparent crypto policies, addressing concerns about Kamala Harris and the Democratic Partyâs regulatory approach.
