Trump nominated Paul Atkins as SEC chairman, BTC99K, ETH reached 3,800

Fed Chairman Powell said the US economy is strong and the Fed can remain cautious. The three major US stock indices hit record highs yesterday (12/4). Trump nominated Paul Atkins, who is friendly to encryption, as the next chairman of the Securities and Exchange Commission (SEC). BTC rose from 94K to 99K, and Ethercoin also reached $3,800. Ripple’s Stable Coin RLUSD did not launch as expected on 12/4, and XRP fell 7.5%.

(Trump may nominate Paul Atkins, who supports Cryptocurrency, as SEC chairman)

Powell called the US economy strong, and the Fed can cautiously implement rate cuts

The Institute for Supply Management’s data shows that the service industry in November was 52.1, expanding for the fifth consecutive month, but far below the 56 in October. The ADP employment report, known as ‘small non-farm’, shows that the private employment growth in November was lower than expected, adding 146,000 jobs this month, lower than the widely expected 163,000 jobs by economists.

Federal Reserve Chairman Powell said that the economy is strong enough for the Fed to cautiously implement interest rate cuts. ‘The labor market is strong and the downside risks seem smaller. Economic growth is definitely stronger than we expected, and inflation will also be slightly higher. Therefore, the good news is that when we try to find the neutral interest rate, we can be more cautious.’

BTC 99K, ETH surged to 3,800

Trump nominated encryption-friendly Paul Atkins to be the next chairman of the Securities and Exchange Commission (SEC). BTC rose from 94K to 99K.

ETH rose to a high of $3,887 yesterday, the first time since June, with a 24-hour increase of over 5%.

Ripple’s Stable Coin RLUSD did not launch as expected on 12/4. The official claim is that it is still in sync with the final approval of the regulatory body NYDFS, maintaining the highest regulatory standards and will share updates as soon as possible. XRP big dump 7.5%.

While the big pump TRX, which rose by 90% yesterday, retraced by 20%, and was reported at $0.3284 at the time of writing.

Data Source: CoinGecko

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