Tom Lee Says Democrats Now Want to Pass Crypto Legislation

Tom Lee said Democrats who opposed crypto legislation just before the midterms now want to pass it. Lee linked that claim to his bullish outlook for Bitcoin (BTC). Lee has previously argued that a crypto bull market was underway. In an earlier assessment, he cited nine crosses above the 200-day moving average since 2012, with eight of the nine serving as bull-market flags in his view. TokenPost previously covered Lee’s market-cycle case . Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.