QCP: The establishment of a new cryptocurrency working group by the US SEC may become a turning point in the field of digital assets
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Golden Finance reported that on January 22, QCP issued a daily market observation stating that the new leadership of the US SEC has established a dedicated working group dedicated to developing a regulatory framework for crypto assets. Led by crypto mom Hester Peirce, it promises to be a turning point in the digital asset space. Bitcoin has rebounded 3.8% to stabilize in a range of about $105,000 after the initial disappointment following Trump's inauguration faded. However, its upside remains limited as the market remains cautious, fearing that Trump will always overpromise and underdeliver on any crypto-related executive orders. Meanwhile, Bitcoin futures continue to rise, with bullish bets currently outnumbering bears by about 20 times. MicroStrategy shareholders have approved a significant increase in the number of authorized Class A common and preferred shares, taking the total authorized shares from 330 million shares to a staggering 10.3 billion shares. This expansion significantly strengthens the company's equity base, allowing MicroStrategy to outperform nearly all of the Nasdaq 100 leaders, excluding Nvidia, Apple, Alphabet, and Amazon. With plans to raise $42 billion through stock and convertible debt issuances by 2027, MicroStrategy still has $5.42 billion in equity issuance lines, further increasing its investment in Bitcoin.