The SEC’s announced decision to drop its lawsuit against Coinbase will be a huge win for the crypto industry, signalling a more open regulatory approach and clearing the path for broader adoption and market growth.
Institutional adoption, regulatory shifts, and political advocacy shaped this week’s crypto landscape, with Senator Cynthia Lummis reaffirming Bitcoin’s future as a reserve asset, major US banks expanding crypto custody services, and Russia tightening its grip on digital platforms.
The week behind marked a turning point in cryptocurrency history, with record-breaking Bitcoin highs, controversies over meme coins, and global discussions on crypto's future at the World Economic Forum in Davos.
Russian authorities have seized 103 BTC, valued at $10 million, in a record-breaking bribery case involving a former ICRF employee.
Bitcoin has reached a new all-time high of over $99,000 and is poised to surpass the $100,000 mark, suggesting that Bitcoin's price could accelerate further if this barrier is breached.
The proposal remains uncertain pending the 2025 financial bill's approval, leaving investors facing an unpredictable regulatory environment.
The system would require miners to pay taxes when mined cryptocurrencies enter their wallets and impose additional taxes on any unrealised gains when these assets are sold or transferred, while allowing deductions for losses.
