Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock
US Treasury Secretary Scott Bessent has signalled that the long-debated overhaul of banks’ supplementary leverage ratio (SLR) is imminent—a policy pivot that could reverberate through Bitcoin markets—telling television interviewers that regulators are “very close to moving” on the rule and that the adjustment could compress Treasury yields by “tens of basis points.” Rocket Fuel For Bitcoin Although the proposal must still clear the Federal Reserve, the Office of the Comptroller of the Currency and the FDIC, the direction of travel is clear: exempting, or partially exempting, US Treasuries....
Related News
Let the money flow, and watch a bull run begin. The U.S. government is reportedly preparing to relax key banking regulations in a move towards banking deregulation, loosening restrictions put in place after the financial crisis of 2008. The moves could ignite a crypto bull run, setting up conditions ripe for the next crypto to […]
Morgan Stanley, one of the world’s largest investment banks, is reportedly set to introduce cryptocurrency trading on its consumer platform, E*Trade. According to a Bloomberg report citing sources familiar with the matter, the banking giant plans to allow customers to buy and sell cryptocurrencies starting next year, capitalizing on the recent deregulation efforts spearheaded by […]
Polygon (MATIC) has once again landed a big name. Casio Computer Co., Ltd. has unveiled its plans to launch the virtual G-SHOCK project, an interactive user community aimed at bridging the gap between the iconic G-SHOCK line of shock-resistant watches and its global user base. This initiative will see the distribution of 15,000 limited-edition G-SHOCK […]
Analysts from JPMorgan believe that the metaverse gaming market could explode in China even with the current state of regulation, which presents certain difficulties for adoption. Companies like Tencent, Netease, and Bilibili are JPMorgan’s picks when it comes to taking advantage of this potential growth, that at best, might pass the $100 billion mark.
JPMorgan Analysts Believe Metaverse Gaming Set to Boom in China
The metaverse and the market derived from this new industry trend have been objects of study by different institutions interested to enter this newfound market.....
One of the best buy indicators in bitcoin flashed this week, suggesting the price is primed to explode.