{"id":141959,"date":"2024-11-11T21:00:59","date_gmt":"2024-11-11T19:00:59","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141959"},"modified":"2024-11-11T13:20:21","modified_gmt":"2024-11-11T11:20:21","slug":"bitcoins-political-influence-set-to-grow-as-republicans-back-pro-crypto-legislation","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoins-political-influence-set-to-grow-as-republicans-back-pro-crypto-legislation\/","title":{"rendered":"Bitcoin\u2019s Political Influence Set to Grow as Republicans Back Pro-Crypto Legislation"},"content":{"rendered":"
As Bitcoin<\/a> <\/strong>approaches $82,000, Greg Cipolaro, NYDIG\u2019s global head of research, warned that investors who do not own Bitcoin are increasingly at risk of falling behind. He emphasized<\/a> <\/strong>that the cryptocurrency is becoming a critical asset, and failing to include it in investment portfolios will soon be seen as a financial liability.<\/p>\n Cipolaro pointed out that while some investors have made Bitcoin allocations, many still hold none, and that this gap is narrowing as the asset becomes a political imperative. With the Republicans now holding a majority in the Senate and poised to maintain control of the House, Cipolaro believes that cryptocurrency will gain more legitimacy and support from lawmakers. He predicts that the increased political backing could lead to crypto and blockchain technologies becoming more widely accepted within the mainstream financial system.<\/p>\n The prospect of pro-crypto legislation under a Republican-led government is further bolstered by Trump\u2019s commitment to ousting SEC Chairman Gary Gensler. Gensler\u2019s aggressive stance on crypto regulation has resulted in numerous lawsuits against crypto companies, but Cipolaro speculates that a leadership change at the SEC could bring about a more favorable regulatory environment. This shift may lead to settlements with crypto firms, more clarified regulations, and potentially the dismissal of lawsuits deemed counterproductive.<\/p>\n