{"id":9078,"date":"2023-11-09T04:05:37","date_gmt":"2023-11-09T04:05:37","guid":{"rendered":"https:\/\/www.btse.com\/blog\/?p=9078"},"modified":"2023-11-10T03:04:20","modified_gmt":"2023-11-10T03:04:20","slug":"bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale","status":"publish","type":"post","link":"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/","title":{"rendered":"Bitcoin Breaks $36K as the SEC Starts Negotiations with Grayscale"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">As the crypto world turns its eyes towards the next approval window for Bitcoin ETFs, market sentiment appears to be quite optimistic. Bitcoin (BTC) is edging closer to the $36K mark, a bullish signal for crypto enthusiasts. Ethereum (ETH) also shows a promising uptick, breaching the $1.9K threshold with a 1.37% gain, while Solana (SOL) increased to around $43.9.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With anticipation building up, it begs the question: Are we on the cusp of a major crypto bull run?<\/span><\/p>\n<p><a href=\"https:\/\/www.coindesk.com\/policy\/2023\/11\/08\/us-houses-spending-bill-aims-to-hamstring-secs-gensler-amid-his-crypto-crackdown\/?_gl=1*r5pjr4*_up*MQ..*_ga*OTE1NzA4OTk3LjE2OTk0OTg2NDc.*_ga_VM3STRYVN8*MTY5OTQ5ODY0Ni4xLjAuMTY5OTQ5ODY0Ni4wLjAuMA..\"><b>Congress Puts the Brakes on SEC&#8217;s Crypto Enforcements:<\/b><\/a> <span style=\"font-weight: 400;\">In a bold move, the U.S. House&#8217;s latest spending bill may cut the SEC&#8217;s budget for crypto enforcement, a direct challenge to Chair Gary Gensler&#8217;s strict regulatory approach. With the Senate&#8217;s decision pending and the clock ticking on the government&#8217;s temporary funding, the crypto industry watches closely. Could this legislative check on the SEC pave the way for more industry-friendly regulation and foster innovation, or will it weaken investor protections?\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.coindesk.com\/policy\/2023\/11\/08\/us-bill-proposes-outlawing-government-use-of-china-made-blockchains-and-tethers-usdt\/?_gl=1*sa9xbn*_up*MQ..*_ga*OTE1NzA4OTk3LjE2OTk0OTg2NDc.*_ga_VM3STRYVN8*MTY5OTQ5ODY0Ni4xLjAuMTY5OTQ5ODY0Ni4wLjAuMA..\"><b>Washington&#8217;s Hard Line on Chinese Crypto Influence:<\/b><\/a><span style=\"font-weight: 400;\"> The U.S. government takes a stance against China-made blockchains, and Tether\u2019s USDT may be caught in the crossfire if the CLARITY Act passes. With national security at stake, the bill reflects growing apprehension about foreign influence in critical infrastructure. As blockchain becomes more intertwined with personal data, the threat of foreign interference looms larger. Could this legislation negatively impact stablecoin prices?<\/span><\/p>\n<p><a href=\"https:\/\/www.coindesk.com\/policy\/2023\/11\/08\/us-sec-said-to-open-talks-with-grayscale-on-spot-bitcoin-etf-push\/?_gl=1*sa9xbn*_up*MQ..*_ga*OTE1NzA4OTk3LjE2OTk0OTg2NDc.*_ga_VM3STRYVN8*MTY5OTQ5ODY0Ni4xLjAuMTY5OTQ5ODY0Ni4wLjAuMA..\"><b>Grayscale&#8217;s Dialogue with the SEC:<\/b><\/a><span style=\"font-weight: 400;\"> The SEC opens a critical negotiation window with Grayscale about its Bitcoin ETF. This comes on the heels of Grayscale&#8217;s legal win, fueling speculation about possible ETF approvals. With analysts predicting a green light for pending applications, the outcome could significantly alter the landscape of crypto investments. Will the SEC&#8217;s discussions with Grayscale lead to a watershed moment for Bitcoin ETFs, and the next crypto bull run?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Join BTSE\u2019s <a href=\"https:\/\/t.me\/btsecom\">official Telegram channel<\/a> for more news.<\/span><\/p>\n<p><a href=\"https:\/\/www.btse.com\/en\/trading\/BTC-USDT\"><span style=\"font-weight: 400;\">Trade Bitcoin on BTSE now<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><i>Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at\u00a0<\/i><a href=\"mailto:feedback@btse.com\"><i>feedback@btse.com<\/i><\/a><i>\u00a0or on X @BTSE_Official.<\/i><\/p>\n<p class=\"p1\"><i>Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the crypto world turns its eyes towards the next approval window for Bitcoin ETFs, market sentiment appears to be quite optimistic. Bitcoin (BTC) is edging closer to the $36K mark, a bullish signal for crypto enthusiasts. Ethereum (ETH) also shows a promising uptick, breaching the $1.9K threshold with a 1.37% gain, while Solana (SOL) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-9078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-bytes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin Breaks $36K as the SEC Starts Negotiations with Grayscale &#8212; BTSE Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Breaks $36K as the SEC Starts Negotiations with Grayscale\" \/>\n<meta property=\"og:description\" content=\"As the crypto world turns its eyes towards the next approval window for Bitcoin ETFs, market sentiment appears to be quite optimistic. Bitcoin (BTC) is edging closer to the $36K mark, a bullish signal for crypto enthusiasts. Ethereum (ETH) also shows a promising uptick, breaching the $1.9K threshold with a 1.37% gain, while Solana (SOL) [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/\" \/>\n<meta property=\"og:site_name\" content=\"BTSE Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-09T04:05:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-10T03:04:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2023\/11\/Copy-of-Market-Analysis-36.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"BTSE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BTSE_Official\" \/>\n<meta name=\"twitter:site\" content=\"@BTSE_Official\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BTSE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin Breaks $36K as the SEC Starts Negotiations with Grayscale &#8212; BTSE Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Breaks $36K as the SEC Starts Negotiations with Grayscale","og_description":"As the crypto world turns its eyes towards the next approval window for Bitcoin ETFs, market sentiment appears to be quite optimistic. Bitcoin (BTC) is edging closer to the $36K mark, a bullish signal for crypto enthusiasts. Ethereum (ETH) also shows a promising uptick, breaching the $1.9K threshold with a 1.37% gain, while Solana (SOL) [&hellip;]","og_url":"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/","og_site_name":"BTSE Blog","article_published_time":"2023-11-09T04:05:37+00:00","article_modified_time":"2023-11-10T03:04:20+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.btse.com\/blog\/wp-content\/uploads\/2023\/11\/Copy-of-Market-Analysis-36.png","type":"image\/png"}],"author":"BTSE","twitter_card":"summary_large_image","twitter_creator":"@BTSE_Official","twitter_site":"@BTSE_Official","twitter_misc":{"Written by":"BTSE","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/#article","isPartOf":{"@id":"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/"},"author":{"name":"BTSE","@id":"https:\/\/www.btse.com\/blog\/#\/schema\/person\/46ad80e1bffe6cf5d79938127822f2ca"},"headline":"Bitcoin Breaks $36K as the SEC Starts Negotiations with Grayscale","datePublished":"2023-11-09T04:05:37+00:00","dateModified":"2023-11-10T03:04:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/"},"wordCount":412,"commentCount":0,"publisher":{"@id":"https:\/\/www.btse.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2023\/11\/Copy-of-Market-Analysis-36.png?fit=1920%2C1080&quality=75&ssl=1","articleSection":["News Bytes"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/","url":"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/","name":"Bitcoin Breaks $36K as the SEC Starts Negotiations with Grayscale &#8212; BTSE Blog","isPartOf":{"@id":"https:\/\/www.btse.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/#primaryimage"},"image":{"@id":"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2023\/11\/Copy-of-Market-Analysis-36.png?fit=1920%2C1080&quality=75&ssl=1","datePublished":"2023-11-09T04:05:37+00:00","dateModified":"2023-11-10T03:04:20+00:00","breadcrumb":{"@id":"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/#primaryimage","url":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2023\/11\/Copy-of-Market-Analysis-36.png?fit=1920%2C1080&quality=75&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.btse.com\/blog\/wp-content\/uploads\/2023\/11\/Copy-of-Market-Analysis-36.png?fit=1920%2C1080&quality=75&ssl=1","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/www.btse.com\/blog\/bitcoin-breaks-36k-as-the-sec-starts-negotiations-with-grayscale\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.btse.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Breaks $36K as the SEC Starts Negotiations with Grayscale"}]},{"@type":"WebSite","@id":"https:\/\/www.btse.com\/blog\/#website","url":"https:\/\/www.btse.com\/blog\/","name":"BTSE Blog","description":"Navigating the Crypto Frontier - 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