While the world eagerly awaited the crypto-savvy White House Crypto Czar David Sacks to sprinkle his magic on the markets, a different story slipped under the radar. Instead of unveiling a Strategic Bitcoin Reserve, the Republicans decided to stick to their plan of creating more committees to scrutinize crypto legislation (yawn!).
But just before the big snooze-fest, Securities and Exchange Commission (SEC) Commissioner Hester Peirce, also known as “Crypto Mom,” made a bold statement. She announced that the White House’s newly formed Crypto Task Force would pave the way for regulatory clarity in the digital asset sector and even undo some of the blunders made during the Gensler era. Imagine that – actual retroactive relief for cryptocurrency projects that were smacked down by overzealous regulators!
🕵️♀️ SEC’s “Retroactive Relief” for Past Crypto Offerings – Really?
On February 4, Commissioner Peirce revealed that the SEC is charting a new course for the digital asset world, which includes reevaluating the security status of certain assets and potentially granting “retroactive relief” for some token offerings that were unfairly targeted during the previous administration. Peirce admitted, “It took us a long time to get into this mess, and it is going to take us some time to get out of it.”
The Crypto Task Force is reportedly considering providing “temporary prospective and retroactive relief for coin or token offerings” under specific conditions. Will they really turn back time and undo the damage? Only time will tell!
💰 Bitwise Predicts Monster Year for Bitcoin ETFs in 2025
According to Bitwise’s chief investment officer, Matt Hougan, US spot Bitcoin ETFs are set to rake in over $50 billion in 2025. And if January is any indication, inflows might exceed that amount by October! With BlackRock’s iShares Bitcoin Trust ETF leading the charge, it seems like institutional investors are all-in on Bitcoin.
🐳 MicroStrategy Pauses Bitcoin Buys, Holds $30B in BTC
Business intelligence firm MicroStrategy, formerly known as “MicroStrategy,” has temporarily halted its BTC purchases after the company stopped selling shares to fund digital asset acquisitions. With a whopping 471,107 BTC in its stash, MicroStrategy remains the largest corporate holder of Bitcoin on the planet.
💼 Real-World Assets: The Quiet Giant of the Crypto World
Amidst all the crypto market volatility, real-world assets (RWAs) are making waves as one of the industry’s biggest growth stories. Excluding stablecoins, on-chain RWAs have reached a cumulative value of $17.1 billion across more than 82,000 holders. With financial institutions driving RWA growth, tokenization is poised to become a cornerstone of the modern financial system.
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2025-02-07 23:16