ellalo4bel

@ellalo4bel

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Trump will host the first White House Crypto Summit on March 7, bringing together industry leaders and executives to discuss regulations, stablecoins and the proposed US crypto reserve.

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In an earlier post, Sacks said that Trump “is keeping his promise to make the US the crypto capital of the world,” following his announcement of a strategic crypto reserve on March 2.

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The recent rollback of net neutrality in the US is a stark warning for the future. It highlights the fragility of any centralized system where the game’s rules can change anytime, leaving the users at a disadvantage. In decentralized systems, the users are always a part of the process that creates the rules.

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“For bitcoin, some institutional investors and advisors were waiting for an ETF to get access to it,” Bryan Armour, director of passive strategies research at Morningstar, told Cointelegraph, adding, “I don’t expect anything close to the same magnitude of investors awaiting the ETF structure before investing in these cryptocurrencies.”

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Despite growing calls from the crypto industry to roll back the Ethereum network to its pre-Feb. 21 state, before the Lazarus Group’s $1.5 billion hack on crypto exchange Bybit, Ethereum core developer Tim Beiko warns against the idea. He says such a move would be complex and carry significant consequences.

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https://warpcast.com/isabe4olria/0x4128f71c

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A bill to provide a framework for taxing crypto transactions and introducing other taxes is currently before lawmakers, with expectations that it will be adopted this quarter. The Nigerian legislature, called the National Assembly, reconvened for its 2025 legislative session on Jan. 14, 2025.

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https://warpcast.com/isabe4olria/0x4128f71c

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Meanwhile, crypto lawyer and Blockchain Association board member Jake Chervinsky noted the new crypto-friendly acting chairs of the Securities and Exchange Commission and Commodity Futures Trading Commission, Mark Uyeda and Caroline Pham.

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“For the first time ever, the SEC and CFTC are in the hands of leaders who oppose regulation by enforcement and support clear rules of the road for crypto,” he stated.

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Asset management and monetary policy commentator “MacroScope” said that nobody should be surprised that Bitcoin wasn’t mentioned in Trump’s inaugural speech as it was “not an appropriate topic for that speech, to say the least.”

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