The world of cryptocurrencies continues to evolve, with several key developments taking place recently. Bitcoin (BTC) is nearing the $100,000 mark once again, hitting a new all-time high (ATH). Meanwhile, the SEC (Securities and Exchange Commission) chair, Gary Gensler, plans to step down in January 2025.
The Trump administration is also forming a crypto advisory committee, indicating continued interest in the space. XRP is currently at a 3-year high following news of Gensler’s departure. MicroStrategy, a major Bitcoin investor, is experiencing a 16% drop in its share price as Citron Research shorts the company.
On the other hand, Solana (SOL) is breaking its all-time high on the Coinbase platform. B2C2, a crypto market-making firm, is set to issue its first bond on Ethereum. The government of El Salvador has reported profits of $305 million from Bitcoin investments. In other news, the SEC’s broker-dealer rule was struck down in a legal win, and the Consumer Financial Protection Bureau (CFPB) will now regulate big tech digital wallets, including crypto.
Charles Schwab is set to directly offer crypto services to its clients, while Trump Media is exploring the development of a crypto payment platform. FTX, the cryptocurrency exchange, will begin repaying creditors in March 2025, while Circle’s USDC stablecoin is launching on Aptos. Lastly, WisdomTree has launched an exchange-traded product (ETP) for XRP.
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<p>The post Crypto Surges: BTC Approaches $100K, SEC Changes, & Company Announcements first appeared on CoinBuzzFeed.</p>
