HBAR Price Skyrocketed With Rising Bets on Brian Brooks as the Next US SEC Chair

With Donald Trump's promise to fire Gary Gensler, the current SEC Chair, the most hated personality in the crypto industry, the hunt is on for the next leader.

The price of HBAR has surged by 53% in the past 24 hours, following the nomination of Hedera board member Brian Brooks for the role of US SEC Chair. This news has sparked excitement within the crypto community, leading to a surge in demand for the HBAR token.

The recent collaboration between Hedera and Chainlink has also brought the network into the spotlight, highlighting its potential for integration with other blockchain ecosystems. As a result, the demand for HBAR has been steadily increasing in recent days.

According to the popular Khashi prediction site, Dan Gallaher is the leading candidate for the SEC Chair position, with 61% of the votes. However, Brooks ranks second with 12% of the votes, following his nomination by Donald Trump for the role.

The rising support for Brooks in the betting market is likely due to his experience in the financial industry and his strong stance on crypto regulation. His nomination could pave the way for a more favorable regulatory environment for cryptocurrencies.

This news, coupled with the rising demand for HBAR, has propelled the token's price to new heights. At the time of writing, HBAR is trading at $0.1362, with a market capitalization of $5.3 billion. The 24-hour trading volume has also surged by 244%, reaching $2.06 billion.

This remarkable price surge is a testament to the growing interest in Hedera's technology and the potential of Brooks's leadership in shaping the future of crypto regulation.

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