EXCLUSIVE: Biden Administration 'Let The SEC Go Unchecked,' Tether Co-Founder Says
Portfolio Pulse from Murtuza Merchant
Tether co-founder William Quigley criticizes the Biden administration for allowing the SEC to take an aggressive stance towards crypto companies, particularly under Chairman Gary Gensler. He suggests that a Trump presidency might result in less aggressive regulatory actions. Quigley also projects Bitcoin could reach up to $300,000 in 2025 based on historical patterns.
June 14, 2024 | 12:33 pm
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NEGATIVE IMPACT
Coinbase has been targeted by the SEC under Chairman Gary Gensler, which has created a challenging regulatory environment for the company.
The SEC's aggressive stance towards crypto companies, including lawsuits against Coinbase, creates a negative regulatory environment, likely impacting Coinbase's stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
William Quigley projects Bitcoin could reach up to $300,000 in 2025 based on historical price patterns, suggesting significant potential gains.
Quigley's projection of Bitcoin reaching up to $300,000 in 2025 based on historical patterns suggests a positive outlook for Bitcoin's price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90