Features Crypto News by Thebittimes.Com

Crypto industry executives and investors are remaining positive even after Bitcoin plunged 5.3% after Donald Trump failed to mention crypto during his inauguration speech yesterday. On his first day as the 47th President of the United States, Trump signed numerous executive orders, but none mentioned crypto assets or related policies. The overall crypto market cap has dropped 6.8% in the past 24 hours, according to CoinGecko. Trump family meme coins $TRUMP and $MELANIA led meme coin losers with drops of 21% and 51%, respectively. Despite this, many crypto investors and executives are not worried. “He has already fully expressed his dedication to crypto with his actions all weekend,” said a futures trader known as Satoshi Flipper, who has 225,000 followers. “He’s fully locked in, buying hundreds of millions worth of altcoins, and people out here paranoid the top is in because Trump didn’t say ‘Bitcoin’ today.” Some ”Freaking Out...

Despite suggesting a possible ban, U.S. Senator Sherrod Brown stated it would be “very difficult” to implement because activity “would go offshore.” United States Banking Committee chairman Sherrod Brown has suggested that the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) should perhaps consider a ban on cryptocurrencies. Brown’s comments were made in a Dec. 18 appearance on NBC’s “Meet the Press” although the Senator quickly added that a ban would be difficult to enforce. “We want them to do what they need to do at the same time, maybe banning it, although banning it is very difficult because it would go offshore, and who knows how that would work.” Earlier, in response to a host's question about Senator Jon Tester who believes crypto currencies should be banned, Brown said he shares the “same thought.” The Ohio representative stated that over the last 18 months he has been “educating” his colleagues and the public on the dangers of cryp...