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Lastly, the analysts said regulation will be a reigning theme next year as Trump takes office. The incoming US President has appointed several pro-crypto candidates to his cabinet. Their policies remain unclear, though the industry generally expects lighter regulation, which could fuel more widespread adoption. More stablecoins entering the space could threaten long-time stablecoin leader Tether’s leadership, the analysts say, particularly from a new partnership between Circle and centralized exchange Binance.

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Still, it remains a volatile, risky asset, with allocations above 3% contributing to 10% or more of total portfolio risk. But no development has been more critical for digital assets than Donald Trump’s Election Day win. Trump advocated for crypto on the campaign trail and, since his election win, has picked several crypto supporters to lead his administration, including Paul Atkins as chair of the Securities and Exchange Commission. In Germany, meanwhile, the financial regulator Bafin has said it wants to accelerate its approach to licensing crypto custody services, as part of a broader effort to instill trust and transparency in the crypto market. “This perception stems from the proactive measures taken by U.S. regulatory bodies like the SEC, CFTC, and IRS, especially in addressing fraud and security issues in the crypto market. High-profile legal actions in the U.S. further cement its image as a strict enforcer,” he said.

• Bitcoin originated during a banking crisis, sparking a digital currency evolution that now boasts institutional celebration.
• Singapore was notably bruised by the collapse of TerraUSD, a controversial algorithmic stablecoin, in 2022, as well as the fall of Three Arrows Capital, or 3AC.
• In addition to securities law violations, the company and its co-founder and CEO Changpeng Zhao were also accused of commingling customer assets with company funds.
• “Some members of the industry forget the SEC is relying on laws that were written when American football players wore leather helmets, and the SEC must apply those laws to the FinTech industry,” he said.
• “The SEC even went so far as to provide a framework for the analysis of digital assets and cryptocurrencies. The SEC also created a fake digital asset (HoweyCoins) that gave advice to the FinTech community on how not to launch a digital asset,” Levin added.

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“The result is likely to be a shift from regulation by enforcement to a more legislative-based approach,” the analysts said, adding its “less a de-regulation story; more so a removal of headwinds.” The euphoria has pushed the total crypto market value to $3.4 trillion — almost double its size from last year, despite a sell off following hawkish remarks at the Fed’s meeting last week. XRP markets are thrilling with anticipation of its potential price gains in 2025. Investors scrambled to take their money forbesnews247.com out of other cryptocurrencies, fearing that a similar thing could happen to them, which resulted in values falling significantly across the whole sector.

In its annual report summing up enforcement actions, the CFTC noted that nearly half of all cases in 2023 involved conduct related to digital asset commodities. “These agencies have provided guidance to the industry on how digital assets and cryptocurrencies must be offered and sold, traded, and held by custodians,” said Levin, who has been involved in the fintech sector for 30 years. According to Levin, “The SEC, the CFTC and FinCEN routinely provide informal guidance on the regulation of digital assets and cryptocurrencies.” The Citi analysts’ note pointed to six key factors that will help determine the price of crypto in the coming year, including ETF activity, regulation, and the future market for a type of crypto known as stablecoins. “The SEC even went so far as to provide a framework for the analysis of digital assets and cryptocurrencies. The SEC also created a fake digital asset (HoweyCoins) that gave advice to the FinTech community on how not to launch a digital asset,” Levin added.

MARA CEO Fred Thiel sees institutional adoption and policy shifts as catalysts for Bitcoin’s potential growth to $200k by 2025. MiCA requirements make stablecoin issuers navigate rigorous compliance while traditional banks leverage resources to integrate blockchain innovations. South Korean trading volumes supported an outperformance in XRP, as a CoinDesk analysis noted earlier this week. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen. The crypto exchange joins a number of crypto payment providers enabling customers to pay with crypto.

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The analysts said continued stablecoin issuance, which got a boost after Trump’s election win amid renewed enthusiasm in the industry, will help create a healthier crypto market. At the same time, French authorities have kept a skeptical eye on fraudulent activity among various crypto players. In September, French regulators added 22 fraudulent websites — including some that market trading in crypto and crypto-linked derivatives — to a blacklist of unauthorized foreign exchange providers.

Cango purchased 50 EH/s worth of mining power towards the end of 2024, making it one of the biggest players in the bitcoin mining industry. Bitcoin spot ETFs have seen inflows of $36.4 billion since they began trading in January, while ethereum spot ETFs have garnered $2.4 billion since hitting the market in July. A dozen bitcoin spot ETFs kicked off the industry’s rally in January, making it easier for investors to trade bitcoin. In September, a host of central bank rate cuts and other policies added to the rally by paving the way for a growth economy.