International crypto enforcement action to be announced by US officials
According to a statement from the US Justice Department, the US Treasury Department will also release a press release on Wednesday on “a large, international cryptocurrency enforcement action.” The announcement stated that “the US Department of the Treasury will also declare an action in this space.” Deputy US Attorney General Lisa Monaco and Deputy US Treasury Secretary Wally Adeyemo are among the US officials who will speak in Washington at 10:30 IST (1700 GMT). The FBI associate deputy director and the United States solicitor for the Eastern District of New York are two other representatives. While Bitcoin enjoys its greatest victory in more than 9 years, stocks related to cryptocurrencies are roaring back. Bitcoin is off to a good start this year, presumably shaking off whatever bad feelings it may have picked up this year and on the cusp of its longest victory sequence in almost ten years.
At 1:16 p.m. in New York on Tuesday, bitcoin was trading at $21,209, up as much as 2.1%. Including an index of the 100 largest coins adding about 2.5%, several tokens have also increased in value. Shares of other businesses involved in the cryptocurrency industry, including Marathon Digital Holdings Inc., Riot Platforms Inc., and Coinbase Global Inc., increased even further.
The S&P 500 has increased by more than 4% thus far in 2023, and the Nasdaq 100 has increased by about 6%. In the meantime, other risk assets have also increased to start the year. That is also a significant factor, according to crypto specialists, in the rise of digital assets. “We’re observing a risk-taking trend, “In reference to digital assets, Tony Roth, a chief investment officer of Wilmington Trust Investment Advisors, stated. “At this time, Bitcoin is the nicest house in a neighborhood with a lot of problems. There is a significant likelihood that Bitcoin will endure.”