Bitcoin Surges as U.S. Congressman Accuses SEC of Obstructing Adoption

  • Bitcoin’s market cap has reached approximately $1.25 trillion, reflecting strong consumer interest in the cryptocurrency.

  • Technical indicators show promise, with the RSI at 62.39 and a bullish MACD crossover signaling potential price increases.

  • Despite mixed market sentiment, predictions suggest Bitcoin’s price could range from $59,669.95 to $63,318.98 in December 2024.

U.S. Congressman Warren Davidson has strongly condemned SEC Chair Gary Gensler, arguing that the SEC intentionally obstructs the ability to hold Bitcoin. Davidson pointed out the huge consumer interest in Bitcoin, stating it totals over a trillion dollars just for Bitcoin.

JUST IN: 🇺🇸 US Congressman Warren Davidson says Gary Gensler and the SEC "has willfully undermined the ability to custody" #Bitcoin

"It's over a trillion dollars just for Bitcoin…clearly lots of consumers find value in this space." 👀

pic.twitter.com/gjlotbNiUH

— Bitcoin Magazine (@BitcoinMagazine) September 18, 2024

His comments show growing frustrations within the community on regulatory oversight. As Bitcoin experiences significant price movements, this criticism highlights the tension between lawmakers and regulatory bod…

The post Bitcoin Surges as U.S. Congressman Accuses SEC of Obstructing Adoption appeared first on Coin Edition.

#BTC #SEC