Posted 3/12/2024, 3:50:12 PM
Bitcoin and Crypto Surge on Mainstream Adoption Wins
- Bitcoin price has surged over 50% since SEC approved Bitcoin ETFs in January, bringing mainstream investors into crypto trading
- Crypto exchanges like Coinbase seeing stock price rise alongside Bitcoin rally
- Crypto industry lobbying regulators and lawmakers, backed political action committees that helped defeat crypto-skeptic Rep. Katie Porter
- Industry groups feeling emboldened by recent wins like judge ruling SEC acted arbitrarily in denying Bitcoin ETF application
- FDIC vice chair called for easing restrictions on how banks handle customers' digital assets, seen as another boost for crypto sector