Former SEC chairman, Gary Gensler was to express understanding and recognition for the values of digital assets and blockchain technologies. That’s what Congresmen Patrick Mchenry says. At the same time, BTC miners stop selling and starting accumulation. What interesting happened on the cryptocurrency market on Wednesday, May 14?
How is the course of the most important cryptocurrency behavior? 📈
The second week of May brings relative peace in the cryptocurrency markets. After the last charge, the top cryptocurrencies were digging in new positions. The king of cryptocurrencies loses a symbolic 0.1% oscillating around USD 103,000. ETH grows by 1.4% reaching up to USD 2579. All Altcoins were also dug at new levels, and the market expects further increases.
Course of the most popular cryptocurrencies – percentage change 👀
News that heat the bitcoin.pl website ²
Gary Gensler and cryptocurrencies – private support, public opposition
Former SEC chairman Gary Gensler, according to the former Congressmen Patrick Mchenry, in private conversations expressed understanding and recognition for the values of digital assets and blockchain technology. Even as a lecturer at MIT, Gary Gensler noticed the potential of cryptocurrencies and even co -founded the concept of Airdrop. However, after taking the function of the head of SEC, his public position towards the crypto market became clearly more critical. Mchenry estimated that Gary Gensler was inconsistent and his attitude could have been the result of political pressure. After leaving SEC in January 2024, Gary Gensler returned to myth.
Editor Jacek Walewski writes more about the topic today.
Bitcoin miners stop selling and begin to accumulate
Data from Glassnode indicate that Bitcoin miners have reversed a several -month sales trend and began to accumulate BTC again. After a drop in the course to around 75,000. USD, mining wallets increased their resources by 2,708 BTC. Although percentage is a small increase, analysts consider it a valid signal. The return of accumulation took place in parallel with the generation by the Hash Ribbons indicator the classic “buy” signal, which often heralds increases. The decreasing sales pressure of miners while increasing the institution’s interest can have a positive effect on the price of Bitcoin.
Kazakhstan wants to become the center of Central Asia Krypto
Kanysh Tuleushin, deputy minister of digitization of Kazakhstan, announced ambitious reforms to make the country a leader in the field of blockchain in the region. It postulates full legalization of cryptocurrency trading, introducing clear regulations, transparent stock exchanges and legal crypto ATMs. The government also considers the use of energy surpluses and gas from oil fields to supply data centers and cryptocurrency mines. Over the past three years, the crypto sector has brought you USD 34.6 million in tax revenues. In 2025, miners will be obliged to sell 75% of the extracted assets on the local AIFC Stock Exchange.
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