Bitcoin (BTC-USD) slides are falling from its post-election highs. Riot Platforms (RIOT) CEO Jason Les joins Catalysts Hosts Seana Smith and Madison Mills to discuss the move. “It’s been quite a momentous movement in the bitcoin and broader cryptocurrency market since the presidential election … Simply being friendly and not adversarial, the new Trump administration has lifted a massive regulatory burden that was carried over this whole space,” Les says. He adds, “By simply not being adversarial, even being just neutral, it is a 180-degree environment from what we have dealt with for the past four years.” The CEO says, “The new administration in the White House, with the changes that we’ve seen in Congress, we have opened the way for new regulatory clarity to come through … A lot of investors are sidelined because of regulatory clarity.” Les indicates that under the Trump administration, crypto regulatory clarity could attract new investors, benefiting bitcoin miners and platforms like Riot. Watch the video above for more on a potential Trump administration crypto advisor, Microstrategy’s recent bitcoin purchases, and more.
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