News Formal

Crypto industry 'destined' to be BTC-focused due to regulators: Michael Saylor

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The crypto industry will become increasingly focused on Bitcoin claims saylor, as US regulators 'don't see a legitimate path forward' for other cryptocurrencies.

In the future, Saylor believes this dominance will increase to 80% as “mega institutional money” will flow into crypto after “confusion and anxiety” over crypto disappears.Anthony Sassano, host of The Daily Gwei recently called out “Bitcoiners” that are pleased to see the SEC file lawsuits against Coinbase and other exchanges that list tokens considered to be unregistered securities by the SEC.

Incredibly embarrassing to see how many Bitcoiners who self-identify as "cypherpunks" are absolutely salivating at the fact that the SEC is going after Coinbase.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

saylor .saylor noted Bitcoin’s market share increased from 40% to 48% in 2023, which may be attributed in part to the SECGov’s enforcement activity and the agency labeling 68 cryptocurrencies as securities — none of which are proof-of-work.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin and select altcoins show resilience even as the crypto market sell-off continuesSeveral altcoins declined by 15% or more in the past week. noshitcoins investigates whether the situation will worsen or improve in the short-term.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Ethereum, Bitcoin communities descend on Prague as U.S. crackdown grips crypto marketAs pressure builds for Binance and Coinbase following historic SEC lawsuits, KenzieSigalos visited Prague this weekend where two major industry conferences were underway.
Source: CNBC - 🏆 12. / 72 Read more »