I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....
— Donald J. Trump (@realDonaldTrump) July 12, 2019
Soaring institutional demand for Bitcoin
Departure of SEC Chairman Jay Clayton
The SEC chair is one of the most important U.S. officials for crypto regulation. Chairman Clayton's replacement will have a massive impact on the industry (for better or worse). Our chance at ETF approval & clarity on a wide range of issues for years to come hangs in the balance. https://t.co/4JB7EFtnYr
— Jake Chervinsky (@jchervinsky) June 20, 2020