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In less than a week, President Trump and his administration went from:
Meanwhile, the crypto industry also jumped a major regulatory hurdle earlier this week after the SEC, along with the CFTC, issued a joint interpretation guideline clearly defining how federal securities laws apply to crypto assets and crypto transactions.
Despite the regulatory advance, spot and options markets have largely continued to trade at the helms of geopolitical headlines.
Spot price has recovered in a V-shaped manner amidst the headlines, while options markets are slowly pricing out much of their bearish positioning.