Bitcoin to hit 'repeated all-time highs,' 18 US states file lawsuit against SEC and Gensler

A wild 24 hours just unfolded and Bitcoin's 3% dip doesn't even make the list. Nevertheless, we'll start with a breakdown of why Bitcoin corrected yesterday before looking at comments made by VanEck's head of digital assets research on CNBC, as he says we're headed for "repeated all-time highs" over the next two quarters. Then, things have heated up with the SEC and its chair, Gary Gensler. Yesterday, Gensler doubled down on his crypto stance despite President-elect Donald Trump threatening to fire him (though we still don't know if that's a legal possibility.) Then, 18 US states filed a lawsuit against the SEC and Gensler for “gross government overreach” against the crypto industry. Finally, we spoke with the Consensys CEO about the situation and he says the SEC's cases against crypto firms are going to be "dismissed or settled."Further reading:Bitcoin blips down as Fed’s Powell says no ‘hurry to lower rates’Bitcoin to hit ‘repeated all-time highs’ over next 2 quarters: VanEckSEC chair doubles down on crypto stance under threat of Trump ousting18 US states file lawsuit against SEC and Gary GenslerSEC crypto cases will be ‘dismissed or settled’ under Trump: Consensys CEORise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.