Sec cryptocurrency news
Dubai hosted the TOKEN2049 conference, attracting over 15,000 participants, including industry leaders from BlackRock, Goldman Sachs, and Binance. Discussions revolved around crypto adoption, regulations, and shifting investor sentiment toward Trump’s policies on digital assets lucky pharaoh.
The whole of 2025, starting in April 2025, shows key opportunities for crypto investors. The current market trends show promising signs of bullish momentum building up and ready to reverse from the bearish phase.
On the same day, Coinbase Derivatives expanded its offerings with two new cryptocurrency futures products for XRP, regulated by the US Commodity Futures Trading Commission (CFTC). These products, aimed at both retail and institutional traders, signify a positive shift in Ripple’s regulatory landscape, potentially boosting XRP’s market presence. The futures are tied to the MarketVector Coinbase XRP index and are cash-settled, catering to different investor capacities.
Sec cryptocurrency news
The U.S. Securities and Exchange Commission is seeking to pause its high-profile lawsuit against the cryptocurrency exchange Binance as the regulator tries to present itself as more crypto-friendly under a new administration.
The industry said it was unfairly treated by the Biden administration, and Gensler in particular, and spent heavily to help Trump and Republicans in the last election. Trump and GOP lawmakers have signaled their eagerness to help the crypto industry with friendly legislation and light-touch regulations.
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.
The SEC has targeted crypto exchanges like Binance, Coinbase and others for allegedly operating unregistered securities exchanges. That scrutiny came after the high-profile meltdown of FTX, the exchange founded by disgraced crypto mogul Sam Bankman-Fried.
ETFs are an equity-like subset of ETPs. In the context of crypto markets, an ETP would refer to debt securities issued by an entity that owns crypto assets, which are used as collateral backing the value of the ETP shares.
Cryptocurrency news april 30 2025
Bitcoin (BTC) has been on a slow recovery since mid-March. Moves to the upside are limited, and at present, involve multiple unsuccessful attempts to breach local resistance levels before a decisive break ultimately occurs.
In total, five large language models (LLMs) were queried regarding Bitcoin’s near-term prospects. The average 30-day price forecast set by these AI models stands at $87,512 — a figure equating to a 3.86% upside compared to current prices.
DOJ announces shift in digital asset enforcement priorities. The US Department of Justice (DOJ) issued a memorandum to departmental employees on April 7 that disbands the DOJ’s National Cryptocurrency Enforcement Team and states that the DOJ “is not a digital assets regulator.” The memorandum shifts DOJ enforcement priorities from “regulation by prosecution” by “target virtual currency exchanges, missing and tumbling services, and offline wallets for the acts of their end users.” The shift changes the priorities to “investigations and prosecutions that involve conduct victimizing investors, including embezzlement and misappropriation of customers’ funds on exchanges, digital asset investment scams, fake digital asset development projects…, hacking of exchanges and decentralized autonomous organizations resulting in the theft of funds, and exploiting vulnerabilities in smart contracts,” and the use of digital assets in furtherance of unlawful conduct, such as human trafficking, cartels, fentanyl production, terrorism, and smuggling. The memorandum orders all ongoing investigations inconsistent with this directive to be closed.
Utah enacts blockchain and digital innovation amendments. On March 25, Utah enacted HB 230 which prohibits state and local governmental entities from restricting the acceptance or custody of digital assets; establishes the right to operate nodes, develop software, transfer digital assets, and participate in staking on blockchain protocols; creates exemptions from money transmitter licensing requirements for certain blockchain and digital asset activities; and restricts the ability of political subdivisions to impose sound limitations or zoning restrictions on digital asset mining businesses in industrial zones.