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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
📍 Follow Gate_Square, vote and drop your reason.
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Dare to trade. Dare to win.
Matt Hougan ( Bitwise CIO ) stated that the market is undervaluing the historic turning point of SEC regarding crypto.
The speech on July 31 by SEC Chairman Paul Atkins left Hougan "stunned":
"The most bullish document I've ever read about crypto comes from the SEC Chairman."
Under Atkins, SEC:
- Remove prolonged lawsuits
- Launching the Crypto Project to create a clear legal framework
- Commitment to not suppress onchain market growth
Atkins also claimed:
- All assets ( stocks, bonds, USD) will gradually move to the blockchain.
- A super financial app could reach a valuation of 1 trillion USD
- DeFi will be supported for development with clear regulations.
Hougan:
"If I haven't reacted quickly enough, then the market certainly hasn't either."
#Crypto # SEC #BTC