In a Tuesday filing, lawyers for Coinbase argued that their case offered “the single best opportunity” to decide how to regulate secondary crypto trading.
The ranking Democrat on the House Oversight Committee is asking for a probe into Trump’s financial conflicts of interest he said are “proliferating wildly.”
Trump’s election has increased investor confidence among institutions, helping to elevate digital assets as a mainstream asset class. The question remains if this is a long-term shift or just a temporary response, says CCData’s Joshua de Vos.
Institutions are fueling demand for regulated derivatives offerings and it’s up to the crypto industry to deliver the trust factors that these companies require, avoiding the mistakes of the last cycle, says Bobby Zagotta, CEO of Bitstamp US.
