Geopolitics

As of September 1, Bitcoin had edged back up to around $78,770 but still failed to reclaim the $80,000 mark. Iran launched missiles overnight at two U.S. Air Force bases in Jordan, and U.S. President Trump said in the White House Oval Office and in an interview with Fox News, “We’re going to hit them hard.” Trump also said U.S. GDP growth could reach as high as 20% and stated that such growth would not cause inflation, arguing against Fed rate hikes despite strong economic data. Direct U.S.-Iran

According to Crypto In America, on September 1, former bipartisan SEC and CFTC officials, including ex-CFTC Chair Chris Giancarlo, warned that misaligned regulatory boundaries could continue pushing markets offshore.