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Crypto.com CEO Meets Trump, Drops SEC Case

Crypto.com CEO Kris Marszalek recently met with Donald Trump at his Mar-a-Lago resort in Florida to discuss strategies for promoting crypto-friendly policies. The meeting focused on appointing pro-crypto figures to key government roles and exploring ways to overhaul the current regulatory landscape for the cryptocurrency sector. In a significant move, Crypto.com withdrew its lawsuit against the SEC , signaling a potential shift in the exchange’s approach to U.S. regulations. The lawsuit, filed in October after the SEC issued a Wells notice indicating enforcement action, was dropped on December 16. This decision has sparked speculation that Crypto.com is optimistic about upcoming policy changes under the new administration. Donald Trump, who recently won the presidential election, has been appointing pro-crypto advocates to prominent positions. Among these are Howard Lutnick of Cantor Fitzgerald as commerce secretary and Paul Atkins to lead the SEC . Additionally, David Sacks, a venture capitalist, has been named the first White House AI and crypto czar. Sacks is expected to shape policies around cryptocurrency and emerging technologies. The meeting follows a similar engagement last month between Trump and Coinbase CEO Brian Armstrong. These discussions highlight increasing collaboration between crypto leaders and policymakers. Commentators have speculated that plans for a national Bitcoin reserve and broader regulatory reforms could be on the horizon. Crypto.com, headquartered in Singapore, has faced challenges in the U.S. but continues to expand globally. In August, it became the first crypto sponsor of the UEFA Champions League , a groundbreaking achievement in sports branding. The deal includes in-stadium promotions, broadcast visibility, and worldwide branding efforts. Despite the regulatory hurdles in the U.S., Crypto.com has made significant progress elsewhere. Last year, the company secured approval from the UK’s Financial Conduct Authority (FCA) , earning Electronic Money Institution (EMI) status. This approval has allowed the exchange to strengthen its presence in one of Europe’s most regulated financial markets. The growing interaction between crypto leaders and government officials signals the increasing influence of cryptocurrency in shaping financial and political policies . With a focus on regulatory clarity and innovative initiatives, Crypto.com and other platforms are striving to establish a stronger foundation for the industry’s future. AMB Crypto

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The Bitcoin (BTC) Bull Run Could End Sooner Than You Think: Analyst

TL;DR Bitcoin (BTC) surpassed $108,000 on December 17, with predictions of a possible $220,000 peak by March 2025. Bitfinex analysts foresee the bull run lasting until late 2025, with the price potentially hitting $339,000. Just a Few More Months? 2024 (so far) has been more than successful for Bitcoin (BTC), whose price has exploded by approximately 150%. Although BTC was going relatively strong at the start of the year, the actual resurgence seems to have started shortly after Donald Trump (who presented himself as the right choice for pro-crypto voters) won the presidential elections in America. Before the voting on November 5, BTC was trading at around $67,000, while approximately a month later, it surpassed the $100,000 psychological level. Earlier this week, the asset hit a new all-time high of over $108,000. In the past several hours, it experienced a correction and is now trading at around $104,600 (per CoinGecko’s data). BTC Price, Source: CoinGecko Numerous analysts suggest there is much more room for growth, while others believe the bull run will not last long . The X user Ali Martinez , for instance, predicted that BTC could climb to as high as $220,000 in March next year, which could mark the end of the bull market. He based the forecast on the asset’s historical performance in 2017 and 2020. Martinez also assumed that the ride to the aforementioned peak might be a bumpy one: “If Bitcoin behaves like in 2017 and 2020, then there will be a brief correction after reaching $110,000, a steep correction after hitting $125,000, a big correction at $150,000, and the end of the bull market at $220,000.” Still Away From the Euphoria Zone? Contrary to the aforementioned prediction , analysts at the crypto exchange Bitfinex think the asset has not yet reached “euphoric peaks.” According to them, the crypto market might be in the middle of the bull run, with its cycle top expected in the second half of 2025. The analysts envisioned a BTC price rally to as high as $339,000, fueled partially by the success of spot Bitcoin ETFs. The financial products “have emerged as a dominant force” and hold over 1.13 BTC. “While volatility is expected in Q1 2025, the broader trend points to further price appreciation, supported by ETFs, institutional adoption, and Bitcoin’s increasing prominence as a global asset. Investors should, however, remain vigilant for signs of overbought conditions as Bitcoin approaches its cycle top,” the research reads. The post The Bitcoin (BTC) Bull Run Could End Sooner Than You Think: Analyst appeared first on CryptoPotato . AMB Crypto