Market
What will be the next major U.S. regulatory action affecting Bitcoin by the end of 2025?
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Resolution / Starting Odds
Increased regulation • 25%
Decreased regulation • 25%
No change • 25%
Complete ban • 25%
Official announcements and legislative actions by U.S. regulatory bodies such as the SEC or CFTC
Story
Fed Chair Powell Labels Bitcoin a Speculative Digital Gold, Not a Threat to U.S. Dollar
Dec 4, 2024, 07:47 PM
Federal Reserve Chair Jerome Powell stated at the DealBook Summit on December 4, 2024, that Bitcoin is a digital competitor to gold rather than to the U.S. dollar. He described Bitcoin as a speculative asset that is highly volatile and noted that people are not using it as a form of payment or store of value. Powell emphasized that Bitcoin is not a threat to the dollar but is similar to gold, only digital.
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Similar markets
Complete Ban • 25%
Increased Regulation • 25%
Decreased Regulation • 25%
No Change in Regulation • 25%
Introduction of a digital dollar • 25%
Tax exemption for crypto • 25%
Other • 25%
Stricter regulations • 25%
Tax incentives for crypto companies • 25%
Other • 25%
Establishment of crypto reserve • 25%
Ending 'de-banking' policies • 25%
CFTC leads • 25%
No change • 25%
Joint leadership • 25%
SEC leads • 25%
No significant change • 25%
Other • 25%
More restrictive • 25%
More supportive • 25%
Clarification of existing rules • 25%
Increased enforcement actions • 25%
New crypto-specific rules • 25%
No significant actions • 25%
Relaxed regulations for crypto exchanges • 25%
Tax incentives for crypto businesses • 25%
Other • 25%
Creation of a national cryptocurrency • 25%
Tightening regulations • 25%
Loosening regulations • 25%
No change • 25%
Unclear outcome • 25%
Other • 25%
Fines for money laundering • 25%
SEC charges • 25%
CFTC charges • 25%