December 18, 2024

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Cryptocurrency Investors Anticipate Clear Regulations with Trump Administration: Insights from Robinhood Users

Crypto traders excited for regulatory 'clarity' under Trump: Robinhood

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    <p class="yf-1pe5jgt"><!-- HTML_TAG_START -->In the early morning trade on Friday, Bitcoin (<a target="_blank" data-i13n="cpos:1;pos:1" href="https://finance.yahoo.com/quote/BTC-USD" data-ylk="slk:BTC-USD;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas" class="link ">BTC-USD</a>) soared past $99,000 as it inches closer to the historic $100,000 level, energized by the post-2024 election momentum. The cryptocurrency market is abuzz with heightened optimism, particularly in response to the anticipated resignation of SEC Chair <a target="_blank" data-i13n="cpos:2;pos:1" href="https://finance.yahoo.com/news/crypto-racks-up-another-dc-win-as-gary-gensler-exits-194053934.html" data-ylk="slk:Gary Gensler's plans to step down;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;" class="link  yahoo-link">Gary Gensler</a> in January, stirring speculation on the future of crypto regulations under another term with President Trump.<!-- HTML_TAG_END --></p>
    <p class="yf-1pe5jgt"><!-- HTML_TAG_START -->"Our focus is on establishing a workable relationship with regulators, as we are already familiar with the regulatory environment. Robinhood (<a target="_blank" data-i13n="cpos:3;pos:1" href="https://finance.yahoo.com/quote/HOOD" data-ylk="slk:HOOD;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas" class="link ">HOOD</a>) is under the regulation of the SEC, FINRA, and the BitLicense from the New York DFS," stated Johann Kerbrat, the Vice President and General Manager of Robinhood Crypto, during an interview with Yahoo Finance's Morning Brief.<!-- HTML_TAG_END --></p>
    <p class="yf-1pe5jgt"><!-- HTML_TAG_START -->"Given a clear regulatory framework that doesn't solely rely on enforcement actions, we can confidently provide safe cryptocurrency offerings to our customers," Kerbrat added.<!-- HTML_TAG_END --></p>
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    <p class="yf-1pe5jgt"><!-- HTML_TAG_START -->In a discussion with <a target="_blank" data-i13n="cpos:4;pos:1" href="https://www.yahoo.com/author/seana-smith/" data-ylk="slk:Seana Smith;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas" class="link ">Seana Smith</a> and <a target="_blank" data-i13n="cpos:5;pos:1" href="https://www.yahoo.com/author/bradley-smith/" data-ylk="slk:Brad Smith;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas" class="link ">Brad Smith</a>, Kerbrat shed light on the growing enthusiasm among investors to engage in the crypto sphere, largely due to the anticipated regulatory "clarity" from President-elect Donald Trump and the administration he is forming.<!-- HTML_TAG_END --></p>
    <p class="yf-1pe5jgt"><!-- HTML_TAG_START -->For further expert opinions and market updates, dive into the Morning Brief series <a target="_blank" data-i13n="cpos:6;pos:1" href="https://finance.yahoo.com/videos/series/morning-brief/" data-ylk="slk:here;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas" class="link ">here</a>.<!-- HTML_TAG_END --></p>
    <p class="yf-1pe5jgt"><!-- HTML_TAG_START --><em>The author of this piece is </em><a target="_blank" data-i13n="cpos:7;pos:1" href="https://www.yahoo.com/author/luke-carberry-mogan/" data-ylk="slk:Luke Carberry Mogan;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas" class="link "><em>Luke Carberry Mogan</em></a><em>.</em><!-- HTML_TAG_END --></p>      
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#Crypto #traders #excited #regulatory #clarity #Trump #Robinhood

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