Paul Atkins: SEC to Relax Cryptocurrency and Bitcoin Regulation
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The Chairman of the US Securities and Exchange Commission (SEC), Paul Atkins, stated that the SEC will relax its regulation of cryptocurrencies and Bitcoin. (Bitcoin Archive)
According to the Wyckoff model analysis, if the support level of 94K (cost basis for 6 to 12 month holders) is lost, the next target may be 86K. Cointelegraph
[Federal Reserve's Logan Says Gradual Cooling of Labor Market Aligns with Inflation Reduction Goals]
Federal Reserve's Logan stated that the labor market is gradually cooling, which aligns with the goal of reducing inflation.
[Federal Reserve's Logan: No Signs of Inflation Falling to 2%]
Federal Reserve's Logan stated that there are currently no signs indicating inflation will fall to 2%, and he is not convinced of this. He believes that moderately tight policies are appropriate and emphasized the importance of maintaining focus on achieving the 2% inflation target.
The co-founder and executive chairman of Strategy stated that the company's demand for Bitcoin is "difficult to meet" and denied recent rumors of selling Bitcoin. (Decrypt)
[Federal Reserve Logan: Four Consecutive Years Missing the 2% Inflation Target]
Federal Reserve Logan stated that the Federal Reserve has failed to achieve the 2% inflation target for four consecutive years.