
April 28th, 2025
The entire world of finance (both traditional and crypto) is eagerly waiting for the US SEC to approve spot Bitcoin ETF.
The mere possibility of spot Bitcoin ETF approvals has injected fresh optimism into the crypto market.
SEC Chair Gary Gensler said the agency would greenlight the reboot of the exchange if “Tom or anybody else” did it within the law.
One of the factors that align with the ‘perfect storm’ is the upcoming Bitcoin halving event expected to occur in April 2024.
While the crypto community eagerly awaits the SEC’s decision regarding Grayscale’s ETF application and others, SEC Chair Gary Gensler remains cautious in sharing specific details about the commission’s next steps.
Despite some setbacks, Robinhood remains committed to the crypto space.
The bank provides segregated accounts, which, it asserts, offer better customer protections when compared to the standard omnibus accounts.
Dr. Nouriel Roubini is well-known for his skepticism toward cryptocurrencies. His outspoken opposition to digital assets has made him a divisive figure in the cryptocurrency community.
It is worth mentioning that this is not the first time the SEC and Chair Gensler have faced scrutiny from US politicians.
Meanwhile, the regulator is currently in several enforcement actions against popular exchanges including Coinbase and Binance.
This impending Binance announcement arrives just days after a substantial transfer of 10,000 BTC, valued at over $345 million, to the exchange from an anonymous wallet.
The price of XRP is responding positively to Ripple sealing agreements to several institutions who need varying services from the firm.
Analysts explain why Bitcoin price can continue to rally with the next immediate target in sight being $40,000.
With the US SEC edging closer to potentially approving a Bitcoin ETF, experts and industry leaders are offering their predictions on the potential impact of this milestone on the crypto market.
With the current positive news surrounding XRP, the prevailing sentiment, and the increased participation of crypto whales, it is expected that the price will continue to rise.