This week’s crypto headlines included political controversy, regulatory changes and renewed optimism around Bitcoin’s next major move. Bitcoin exchange-traded funds reversed a multibillion-dollar outflow trend, while analysts and financial institutions pointed toward higher price targets and stronger investor demand. Meanwhile, Washington remained central to the industry’s conversation, with lobbying efforts, custody rules and a memecoin-linked dinner drawing attention.
Trump, Newsom and Memecoin Access Question
California Gov. Gavin Newsom accused President Donald Trump of selling access to the White House after another dinner was announced for Official Trump token holders. The Nov. 22 event will be held at Trump National Golf Club in Washington, D.C., with invitations for the top 185 holders and VIP access for the top 29.
Bitcoin ETFs Stage A Major Reversal
U.S. spot Bitcoin ETFs attracted $6.34 billion in net inflows during the third quarter, according to SoSoValue data, reversing approximately $5 billion in outflows during the second quarter. The buying arrived as Bitcoin gained 42.7% for the quarter, marking its strongest quarterly performance since the fourth quarter of 2024.
SEC Turns Its Attention to Crypto Custody
Paul Atkins, chair of the U.S. Securities and Exchange Commission (SEC), highlighted a new proposal designed to establish a regulatory framework for cryptocurrency custody. Atkins said crypto had expanded from a “niche curiosity into a multi-trillion-dollar asset class,” while regulations failed to keep pace with that growth.
Bitcoin’s $100,000 Case Gains Fresh Support
Bitcoin was trading around $84,550, slightly below its September high of $87,300, as retail and institutional demand helped support the broader cryptocurrency market. Citigroup raised its Bitcoin forecast to $113,000, joining Standard Chartered, Bitwise and Fundstrat among firms presenting bullish outlooks.
Crypto Lobbying Spends Millions on Stalled Legislation
Cryptocurrency companies spent approximately $8 million lobbying for the CLARITY Act, which failed a key Senate vote last month, according to a report published Wednesday. Coinbase, Robinhood, Andreessen Horowitz’s crypto division and others were among the participants, with industry lobbying reaching $13 million during the first half of 2026.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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