On April 25, key developments unfolded in the crypto space. SEC chair Paul Atkins participated in a roundtable discussing crypto regulation, expressing optimism about blockchain's potential benefits such as efficiency and transparency. He emphasized the need for clear regulatory frameworks, contrasting the uncertainty during former chair Gary Gensler's tenure. Meanwhile, Circle's executive Dante Disparte refuted claims about the company seeking a US federal bank charter, clarifying that they aim to comply with future regulatory requirements instead. On the bullish side, ARK Invest has updated its predictions for Bitcoin, raising its bull case to $2.4 million by 2030, driven by heightened institutional interest and Bitcoin's status as 'digital gold.' This price would result in a market cap exceeding the combined GDPs of the US and China. ARK also adjusted its bear and base case predictions to $500,000 and $1.2 million, respectively, showcasing confidence in Bitcoin's market penetration and acceptance.

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