Crypto regulation needs thoughtful rethink under Trump

Quick Summary:

In traditional financial markets, outdated, legacy infrastructure is struggling to handle the load of 24-hours-a-day, seven-days-a-week activity.

Bitcoin, the original cryptocurrency, which has hit new highs of more than $100,000 per digital coin, emerged from the ashes of the global financial crisis.

During the Biden administration’s regulation by enforcement regime, agencies — confronted with a new asset class that did not fit neatly into decades-old regulations — prioritised extending their jurisdictional reach.

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Article Details

Author / Journalist: Christopher Perkins

Category: MarketsFinanceInvesting

Markets: United StatesMali

Topics: Markets Financial Technology Asset Global Blockchains Industry Must 2024 Class Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 05:00:08 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 761 words

Reading Time: 5 minutes read

Sentences: 38 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24426655

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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News Language: English

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Publisher ID: #3

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