Day: December 13, 2023

SUMMARY Bitcoin saw a nearly 3% rise on Wednesday as the Federal Reserve maintained interest rates within the anticipated range of 5.25%-5.50%. Concurrently, major stock indices posted gains in early afternoon trading following the Fed’s announcement. The Federal Open Market Committee adhered to analysts’ expectations, keeping the benchmark federal funds rate unchanged for the fourth…

SUMMARY SEC Chair Gary Gensler dismissed inquiries about cryptocurrency during a post-meeting discussion on the U.S. Treasury market. Following a reporter’s question regarding the status of spot bitcoin ETF applications, Gensler emphasized the significance of the $26 trillion Treasury market in supporting the nation’s capital markets, funding the government, and shaping monetary policy. He underscored…