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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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
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