Gary Gensler will testify before the U.S. Senate Banking Committee today for a confirmation hearing on his nomination to lead the SEC.
ESG funds will seek to avoid bitcoin investment, the research firm noted.
Witnesses will likely suggest giving FinCEN better tools to watch for illicit financing methods.
The U.S. central bank is grappling with how to proceed on a potential “digital dollar” project.
The hearing will assess various means of terrorist financing including cryptocurrencies and other funding mechanisms amid the backdrop of what occurred on Jan. 6.
Blockchain data showed investors moving the cryptocurrency onto exchanges, ostensibly preparing for a quick sale.
Analysts are mixed on how low bitcoin might go if a bigger pullback is seen.
“The best reason to focus on bitcoin’s rise is what it tells us about the risks that may be bubbling up amid the Federal Reserve’s commitment to zero interest rates,” the Post said.
The price could go higher, unless traders start taking profits.
Cryptocurrency exchange Binance’s in-house BNB tokens have shot to a $40 billion valuation, ranking them third among digital assets behind bitcoin and Ethereum’s ether.