Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
The exchange has recently made the decision to withdraw from its operations in the United Kingdom, Netherlands, and Cyprus, signaling a strategic retreat.
One analyst found it challenging to identify the exact cause of the hour-long surge, but there has been a recent boost in investor confidence regarding the cryptocurrency's future prospects since the banking crisis of last month.