Is the crypto space really gone? Don't scare me, I'm still building positions in batches. Brothers, choose the right currencies and build positions in batches. Believe in my experience and my own cognition over the past few years. There are too many negative emotional news at present. Don't be affected!

At present, the market is volatile because of the nomination of US President Biden. Biden nominated two commissioners of the Commodity Futures Trading Commission (CFTC) to new positions, which may change the CFTC's regulatory policy on cryptocurrencies. Investment bank TD Cowen pointed out that Biden nominated CFTC Commissioner Christy

Goldsmith Romero as the head of the Federal Deposit Insurance Corporation (FDIC) and Kristin Johnson as the Assistant Secretary of the Treasury Department for Financial Institutions. The two commissioners have actively promoted the formulation of rules and guidelines to protect consumer rights and resolve conflicts of interest in the cryptocurrency field.

If Romero and Johnson's nominations are confirmed, the CFTC will only have Democratic Chairman Rostin Behnam and two Republican Commissioners Caroline Pham and Summer Mersinger, and the Republican Party will have a majority. TD Cowen predicts that the Biden administration may quickly fill the two vacancies in the CFTC, but the new candidates may not be officially confirmed until the fall. This change may have an important impact on the CFTC's regulatory direction and the future development of the cryptocurrency market.

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