Bitcoin Stands Resilient Amidst Global Market Unrest Despite the tumult of global markets reacting to geopolitical unrest, Bitcoin has shown remarkable resilience. As of Saturday, the premier cryptocurrency was trading at $34,126, marking a modest increase of nearly 0.10%1. This stability emphasizes Bitcoin’s growing role as a potential hedge against traditional market volatility1.
SEC Commissioner Challenges Agency’s Actions In other news, SEC Commissioner Hester Peirce has expressed strong disapproval of the agency’s handling of charges against cryptocurrency startup LBRY1. This development could have significant implications for future regulatory actions in the crypto space1.
Call for Stablecoin Regulation Federal Reserve Vice Chair for Supervision Michael Barr has called for stablecoin regulation. According to Barr, it’s imperative that stablecoins also fall under the supervisory oversight of the government1.