This week, Microsoft shareholders are set to decide on Bitcoin investment. Bitcoin reached a significant milestone of $100,000. President-elect Donald Trump made key announcements regarding the SEC and the crypto space.
Bitcoin surpassed $100,000 on Dec. 5, hitting a new all-time high above $103,000 and trading around $99,554 on Sunday. The movement of 24,000 BTC from defunct Mt. Gox led to selloff fears.
Trump nominated former SEC commissioner Paul Atkins to lead the SEC as chairman. His team also confirmed David Sacks would head the new White House artificial intelligence and crypto department. Ripple’s executives supported Atkins.
XRP started December at $1.95 and breached the $2 mark on Dec. 1 for the first time in seven years, peaking at $2.9. Its market cap surpassed Tether and Solana, and WisdomTree filed for an XRP ETF.
Grayscale’s attempt to launch a Solana ETF by converting its trust faced delays until after Trump takes office. South Korea postponed a 20% crypto tax policy until 2027. French lawmakers consider taxing unrealized crypto gains. India investigates Binance and others for tax evasion. The Czech Republic relaxed its capital gains tax for Bitcoin held over three years. The X accounts of Wallstreetbets and Cardano were hacked, adding to concerns about security on the platform following Elon Musk’s acquisition.
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