Crypto Biz: SEC cleans up Gensler-era mess
The SEC, under Commissioner Hester Peirce, aims to reform cryptocurrency regulation, addressing overreach from the Gensler era and potentially offering retroactive relief for token offerings previously scrutinized. The new Crypto Task Force, established by President Trump, focuses on evaluating security statuses of digital assets and plans to take action on relief measures. Meanwhile, interest in Bitcoin exchange-traded funds (ETFs) is projected to grow significantly, with January seeing nearly $5 billion in inflows, primarily driven by major players like BlackRock and Fidelity. Additionally, MicroStrategy has paused its Bitcoin purchases, holding over 471,000 BTC, the largest corporate reserve globally. Simultaneously, the market for real-world assets (RWAs) has reached an all-time high of $17.1 billion, signaling robust institutional interest and growth in tokenization, which is expected to become a key narrative in blockchain's future.
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