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Strong Advocates and Detractors Shaping Cryptocurrency in 2024

In 2024, Donald Trump transformed his stance on Bitcoin, now advocating for it, pledging to make the U.S. A leader in cryptocurrency. This marked a sharp contrast from his 2021 comments calling it a scam.

The SEC, under Gary Gensler, intensified actions against crypto firms, creating uncertainty. Simultaneously, the UK’s FCA implemented stifling regulations, leading to industry criticisms and calls for more supportive policies.

CYBER threats escalated in 2024, with ransomware demands diverting 75 million USD in Bitcoin. State-sponsored hacks further complicated the landscape, illustrating the urgent need for enhanced security measures within the crypto ecosystem.

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