Discover Why Big Banks Embrace Bitcoin Amid SEC

The first article discusses how 206 SEC-registered funds have confirmed ownership of spot Bitcoin ETF shares, with notable companies like JP Morgan Chase, Goldman Sachs, and Bank of Canada among them. Goldman Sachs holds a significant amount in spot Bitcoin ETF shares, with BlackRock's ETF as the largest holding. The increasing institutional interest in Bitcoin is evident, especially considering the potential relaxation of crypto regulations in the United States.

On the other hand, the second article delves into the impact of Trump's victory on the crypto market, leading to a surge in prices and strong growth projections for cryptocurrencies like Bitcoin. The industry is advocating for policy reforms to accelerate digital asset adoption, especially with key figures pushing for improved regulations to integrate cryptocurrencies into the global financial system.

Under President Joe Biden's administration, the crypto industry has faced challenges, particularly with heightened scrutiny from the SEC under Chair Gary Gensler. There have been concerns raised about Gensler's regulatory approach and its potential impact on the industry and the Biden administration's political standing. The industry is pushing for significant policy changes to address these challenges.

Industry leaders are calling for measures like executive orders to enhance crypto firms' access to banking services and the appointment of crypto-friendly individuals to key positions. One of the primary demands is selecting a new SEC chair aligned with the needs of digital asset companies to foster a more favorable regulatory environment for growth and innovation. Trump has also pledged to establish a crypto advisory council to address these issues.

The overall sentiment in the articles reflects a complex landscape where institutional interest in Bitcoin is growing, regulatory challenges persist under the Biden administration, and industry stakeholders are advocating for policy reforms to support the growth and integration of cryptocurrencies. The impact of political changes, such as Trump's victory and the push for regulatory changes, underscores the evolving dynamics within the crypto space and the importance of regulatory clarity for industry development and innovation.

Links to the stories discussed: - Explosive-> 206 SEC registered funds hold Bitcoin ETFs including Canadian banks and Goldmach Sachs - Crypto’s future under Trump: Execs push for SEC shake-up