US Pro-Crypto Administration Boosts Bitcoin to $123,000 ATH
Key Developments in the Crypto Space
- Binance founder Changpeng ‘CZ’ Zhao highlighted significant changes in the crypto landscape since his release from prison a year ago.
- The United States elected a pro-crypto administration, which has positively influenced global digital asset policies and improved the ecosystem.
- Cryptocurrencies like Bitcoin, Ethereum, and Binance Coin have seen notable price rallies.
- Bitcoin surpassed its all-time high, reaching $123,000, while Ethereum jumped from $2,500 to over $4,600.
- BNB is leading the rally, driven by liquidity inflows and speculative sentiment.
- There is an increase in developers on the BNB Chain and within the broader crypto space.
US SEC's New Approach
- The US SEC, under Paul Atkins, has shifted from regulation-by-enforcement to a more lenient posture towards crypto firms.
- This change is exemplified by the SEC's recent resolution with Gemini regarding its defunct Earn offering.
CZ's Contributions
- CZ's Giggle Academy has provided free education to over 50,000 children.
- Rumors suggest CZ may be returning to Binance.