
On Jan. 20, 2025, the United States will start a new chapter in more ways than one. While the nation will be focused on President Trump`s inauguration as our 47th President, the U.S. financial sector will be celebrating the resignation of Joe Biden`s Securities and Exchange Commission Chair, Gary Gensler. As a member of the House Financial Services Committee, I am well aware of Gensler`s heavy-handed approach in stifling innovation and shackling the American economy`s engine. His punitive stance was particularly damaging in the burgeoning field of cryptocurrency and blockchain technology. While touting his actions as measures to protect investors, Gensler leveraged contrived ambiguity to undermine the growth and technological advancements that make U.S. markets competitive and drive promising projects offshore, including the development of the next generation of the internet. Under Gensler`s leadership, the SEC`s enforcement-focused agenda frequently did more harm than good, and "regulatory uncertainty" was used to attack American crypto exchanges like Bittrex, Kraken, and Coinbase, with Bittrex explicitly citing the effects of Gensler`s approach when it exited the U.S. market. The question isn`t whether cryptocurrency requires regulation — it unquestionably does. Cryptocurrency, by its very design, challenges traditional financial systems and demands an entirely different regulatory framework — one that balances consumer protection with the need to foster innovation. With the price of bitcoin recently breaking the $100,000 threshold, digital assets have demonstrated their staying power, and investors have already embraced their potential. Last year, I was proud to help the House pass the Financial Innovation and Technology for the 21st Century Act , a bill championed by our incoming Financial Services Chair French Hill. FIT 21 represents a groundbreaking shift in the legislative landscape and would establish a responsible new regulatory framework that clearly defines the role of the SEC and the Commodity Futures Trading Commission. This would offer much-needed clarity to a rapidly evolving market and, unlike the SEC`s enforcement-heavy playbook, FIT 21 both fosters transparency and innovation and protects consumers without stifling creativity. I applaud Rep. Hill for his work on this, and look forward to his ongoing efforts in tandem with President Trump in this arena. President Trump demonstrated a keen understanding of cryptocurrency`s transformative potential during his historic campaign. Polling demonstrates that his embrace of these issues helped him earn broad support from younger and more diverse voters for whom cryptocurrency is a staple of daily life. During his first administration, President Trump`s SEC worked collaboratively with the crypto industry to enforce securities laws without alienating innovators, offering clear guidance through landmark initiatives like the DAO Report and the Framework for Investment Contract Analysis of Digital Assets . These resources provided critical insights to help entrepreneurs navigate compliance while building groundbreaking technologies. Beyond the Biden administration`s hostility to crypto, Chuck Schumer and Democrats in the Senate refused to consider FIT 21 after it passed the House with overwhelming, bipartisan support. Moreover, in New York, the courts thwarted Governor Hochul`s attempt to shutter bitcoin miners by deploying the state`s radical climate law. In anticipation of President Trump`s return and Republican majorities in the House and Senate, the crypto market is booming, with the price of bitcoin increasing by up to 33% since Election Day. Moreover, President Trump`s new cabinet and the Department of Governmental Efficiency could revolutionize the way federal agencies operate and save taxpayers billions by integrating blockchain technology across government. With President Trump`s appointment of Paul Atkins as the next SEC Chair, we can expect a more thoughtful and transparent approach to governance and policies that encourage innovation while safeguarding investors — setting the stage for the cryptocurrency and blockchain sector to thrive and the creation of high-paying new American jobs. We will be able to move beyond the opportunities missed during the Biden administration and build a framework that positions the U.S. as a leader in the global digital economy.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Peter Schiff Warns of Brutal US-Only Recession as Rest of World Ignites Massive Boom

Peter Schiff warns of a severe U.S. recession, predicting the rest of the world will boom as America faces economic isolation and mounting financial pressure. Peter Schiff: Global Explosion Coming as US Faces Brutal Recession in Isolation Economist and gold advocate Peter Schiff issued a dire forecast for the U.S. economy on April 3 in CoinDesk

Avalanche And SUI Close In On Key Resistance – Are Breakouts The Catalyst For A Recovery?
Cryptocurrency markets are buzzing with excitement as Avalanche and SUI approach significant price barriers. Investors are keenly observing whether these coins will break through and trigger a market rebound. This article explores the potential growth of these digital assets and what it could mean for the broader crypto scene. Avalanche Shows Declining Momentum Within a Volatile Price Range Avalanche experienced a noticeable fall over the last month with prices dropping by 11.82% and a deeper decline of 29.78% over the past six months. The performance reflects ongoing weakness and bearish pressure in recent trading sessions. The price history underscores a period of consistent decline without strong recovery or upward momentum tracking these past periods. Currently, Avalanche trades between $14.37 and $24.15 with key levels to watch. Immediate resistance is set at $29.52 and support is found at $9.95, with additional barriers at $39.31 on the upside and around $0.173 below. Most indicators lean toward bearish pressure, with a lack of a distinct trend, suggesting traders consider entries near support and guard against false breakouts near resistance. Sui`s Volatile Journey: Upward Half-Year and Short-Term Dip A one-month drop of 10.88% contrasts with a half-year gain of 31.35%, revealing mixed performance. The asset experienced a noticeable correction after a sustained upward trend over six months. Price action over the short term reflects investor hesitation while the longer term shows optimism. The recent decline suggests a temporary pullback amid ongoing market adjustment, with fluctuating sentiment leaving room for a potential rebound. Current trading sees the coin priced between $1.74 and $3.03. Immediate resistance sits near $3.78, with further hurdles at around $5.07, and support is evident at $1.21. Bears exert slight pressure, indicated by modestly negative momentum and oscillator readings, while the neutral RSI hints at uncertainty. Trading ideas include watching for a clear breakout above $3.78 or a rebound from $1.21 for entry points. Conclusion AVAX and SUI are approaching significant resistance levels. If they break through these barriers, it could signal a positive shift in their market trends. Such breakouts often precede upward momentum, providing a potential catalyst for recovery in their values. Observing these movements is crucial for anticipating future price actions. Whether these coins can sustain their gains beyond these points is worth watching closely. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. CoinDesk