Bitcoin’s Volatility Ahead of Today’s 1st SEC’s Crypto Task Force Roundtable – Why to Stay Optimistic

Key Points

• Today, the SEC’s Crypto Task Force will hold its inaugural roundtable for more industry clarity.
• Despite Bitcoin’s recent volatility, markets have plenty of reasons to maintain optimism.

Amidst a volatile crypto market, various recent achievements in the industry and today’s first SEC Crypto Task Force roundtable bring enough reasons for optimism regarding Bitcoin and the industry’s future.

US Crypto Task Force Debuts Its Series of Roundtables Today

The Securities and Exchange Commission’s Crypto Task Force will host a series of roundtables to discuss key areas of interest in regulating the digital asset industry.

The series of roundtables is called “The Spring Sprint Towards Crypto Clarity” and it debuts today with its inaugural roundtable called “How We Got Here and How We Get Out – Defining Security Status.”

According to the regulator’s official notes, the roundtable will be open to the public and it will be held today from 1 PM until 5 PM at the SEC’s headquarters, in Washington DC.

The roundtable will include important names such as Miles Jennings, General Counsel at a16z crypto, Benjamin Schiffrin, Director of Securicies Policy at Better Markets, and others.

The series of crypto-related events organized by the US SEC’s Crypto Task Force will be beneficial for the industry, as it will bring more clarity that will trigger enhanced trust and protection for users, among others.

Today, the crypto market has been volatile, but there are plenty of reasons to stay optimistic.

Reasons for Optimism in a Volatile Market

At the moment of writing this article, BTC is trading above $84,000, following an earlier drop below that level.

Bitcoin debuted a descendant trajectory on March 20, dropping from over $86,000 to $83,000, a decline of around 2%.

Some voices in the industry said that the lack of enthusiasm comes from the fact that Trump did not specifically address the codification into law of his Bitcoin and Crypto Executive Order.

On the other hand, today, the crypto market recorded a significant amount of BTC and ETH options expiry , totaling over $2 billion.

Institutional Bitcoin adoption is still on the rise, a fact mirrored by the continued inflows in BTC ETFs for the past five days, according to SoSoValue . The streak of inflows in the crypto products comes following a longer period of outflows.

Despite Trump not stating exactly what the industry was expecting, as we revealed earlier, there are plenty of reasons to maintain optimism for the future, amidst a growing global adoption.