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Eric Trump, the second son of Donald Trump: Modern banks are outdated, and the usa must lead the cryptocurrency trend.
① Eric, the second son of Trump, stated that a set of "reasonable" regulatory guidelines could make the usa a superpower in cryptos; ② Recently, Trump nominated crypto supporter Paul Atkins to become the SEC chairman, which pushed the bitcoin price to briefly exceed the 0.1 million dollar mark; ③ Eric mentioned that americans want to see efficiency and hope the government does not hinder businesses.
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Investors need to closely monitor the release of November CPI this Wednesday, which could be a "black swan" event that disrupts market expectations for a December rate cut by the Federal Reserve. Analysts suggest that if the CPI shows no significant increase in U.S. inflation, then a rate cut in December is highly likely. However, futures pricing indicates that the Fed may pause rate cuts at the January meeting next year.
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Express News | Bitcoin Continues Surge, Breaks $103,000 Barrier with Over 7% Gain in 24 Hours; US Crypto Spot ETFs Also Rally.
Trump nominates crypto-friendly Paul Atkins as SEC chairman, bitcoin rises over a thousand dollars during trading.
After taking office, Atkins is expected to focus on reducing regulations and easing regulatory penalties. He is currently the CEO of the consulting firm Patomak Global Partners. The institution states that since 2017, Atkins has been 'serving as the Co-Chair of the Token Alliance, an advocacy organization in the cryptocurrency industry, dedicated to developing best practices for digital asset issuance and trading platforms.' Trump stated that Atkins recognizes that digital assets and other innovations are crucial to making the USA greater than ever before.
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