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Bitcoin Soars, Then Retreats. What’s Behind This Week’s Rollercoaster? What’s Ahead? - CoinDesk

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To be sure, some observers think that regulatory overreach could drive away investment and spook markets. “Based on their unwillingness to come to the table, it’s clear that the SEC’s motivations of late are being driven by a desire to protect the financial incumbents – that is, Wall Street,” Al Morris, founder of the decentralized publishing protocol Koii Network, told CoinDesk in an email, adding that overly harsh U.S. regulations could benefit other crypto hubs in Europe and Dubai.

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Bitcoin Soars, Then Retreats. What’s Behind This Week’s Rollercoaster? What’s Ahead? - CoinDesk
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