cryptocurrency news cardano
Cryptocurrency news cardano
The Task Force will operate within the statutory framework provided by Congress and will coordinate the provision of technical assistance to Congress as it makes changes to that framework online casino real money usa no deposit. The Task Force will coordinate with federal departments and agencies, including the Commodity Futures Trading Commission, and state and international counterparts.
In early 2024, the SEC approved the first spot bitcoin ETFs, which were under pressure from a 2023 court ruling in their first months. It effectively approved ETH ETFs in late May 2024, and they began trading on U.S. exchanges in July 2024.
The Task Force’s focus will be to help the Commission draw clear regulatory lines, provide realistic paths to registration, craft sensible disclosure frameworks, and deploy enforcement resources judiciously.
Drawing from talented staff across the agency, the Task Force will collaborate with Commission staff and the public to set the SEC on a sensible regulatory path that respects the bounds of the law. To date, the SEC has relied primarily on enforcement actions to regulate crypto retroactively and reactively, often adopting novel and untested legal interpretations along the way. Clarity regarding who must register, and practical solutions for those seeking to register, have been elusive. The result has been confusion about what is legal, which creates an environment hostile to innovation and conducive to fraud. The SEC can do better.
Cryptocurrency news april 2025
OCC ends reputational risk examinations. On March 20, the Office of the Comptroller of the Currency (OCC) announced that it will no longer consider „reputational risk“ in its examinations of OCC-supervised banks. Commenting on the announcement, Acting Comptroller of the Currency Rodney Hood emphasized that OCC examinations should focus on „appropriate risk management processes for bank activities, not casting judgment on how a particular activity may fare with public opinion.“
President Trump signs bill overturning IRS DeFi broker rule. On April 10, President Trump signed into law a Congressional Review Act of Disapproval (CRA) to overturn the Internal Revenue Service (IRS) Digital Assets Sale and Exchanges Rule, otherwise known as the „DeFi broker rule.“ The DeFi broker rule previously required digital asset „brokers“ to report to the IRS certain decentralized finance (DeFi) transactions conducted on their platforms. The rule defined „brokers“ to include DeFi platforms, which typically are unable to collect from users the information required by the rule. The CRA prohibits any future administration from issuing similar rules without new legislation. For more information on the DeFi broker rule, see our January 2025 issue.
While the recovery is promising, analysts caution about a potential correction. An excess of optimism in the market could lead to short-term drops, especially if Bitcoin surpasses $100,000 without strong institutional support.
OCC ends reputational risk examinations. On March 20, the Office of the Comptroller of the Currency (OCC) announced that it will no longer consider „reputational risk“ in its examinations of OCC-supervised banks. Commenting on the announcement, Acting Comptroller of the Currency Rodney Hood emphasized that OCC examinations should focus on „appropriate risk management processes for bank activities, not casting judgment on how a particular activity may fare with public opinion.“
President Trump signs bill overturning IRS DeFi broker rule. On April 10, President Trump signed into law a Congressional Review Act of Disapproval (CRA) to overturn the Internal Revenue Service (IRS) Digital Assets Sale and Exchanges Rule, otherwise known as the „DeFi broker rule.“ The DeFi broker rule previously required digital asset „brokers“ to report to the IRS certain decentralized finance (DeFi) transactions conducted on their platforms. The rule defined „brokers“ to include DeFi platforms, which typically are unable to collect from users the information required by the rule. The CRA prohibits any future administration from issuing similar rules without new legislation. For more information on the DeFi broker rule, see our January 2025 issue.
Cryptocurrency news etrscrypto
These positive crypto inflows come as markets continue to shrug off Trump tariffs. Accordingly, the US topped the positive flows. It beat Germany and Hong Kong with $681 million inflows against $86.3 million and $24.2 million, respectively.
“Bitcoin attracted $557 million in inflows, a decrease from the prior week, likely due to continued hawkish signals from the US Federal Reserve. Short-bitcoin products saw a fourth consecutive week of inflows, totaling $5.8 million, reflecting investor positioning amid recent price gains,” read an excerpt in the report.
Nevertheless, Ethereum saw the highlight of last week’s crypto inflows. According to the CoinShares report, crypto inflows into Ethereum reached $205 million. This was a notable climb from the previous report’s $1.5 million.
“Ethereum was the standout performer, with US$205m in inflows last week and $575 million YTD, indicating renewed investor optimism following the successful Pectra upgrade and the appointment of new co-executive director Tomasz Stańczak,” Butterfill wrote.