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SEC Downsizes Crypto Enforcement Unit in Major Regulatory Shift
The SEC is significantly reducing its cryptocurrency oversight by reassigning over 50 staff members from its Crypto Assets and Cyber Unit. This restructuring aligns with the administration's push for lighter crypto regulation and includes new policies requiring commissioner approval for investigations.
Trump Administration Signals Crypto-Friendly Shift as SEC Crypto Unit Downsizes
The SEC's specialized cryptocurrency enforcement unit is being reduced from over 50 staff members, marking an early sign of the Trump administration's lighter regulatory approach. The restructuring aligns with Trump's executive order promoting crypto industry growth and reflects a significant shift from the previous administration's stricter oversight.
El Salvador Abandons Bitcoin Legal Tender Status in Historic Policy Reversal
El Salvador officially ends Bitcoin's mandatory legal tender status after a failed national cryptocurrency experiment. The dramatic policy shift comes as the country seeks IMF funding, allowing businesses to refuse Bitcoin payments while maintaining its crypto investments.
Trump's Trade Tariffs Trigger Crypto Market Plunge: Bitcoin and Ethereum See Sharp Declines
Cryptocurrency markets experienced a significant downturn after President Trump announced new import tariffs on multiple countries, with Bitcoin falling 4% to $95,800 and Ethereum dropping 17%. The announcement sparked fears of a global trade war, affecting both crypto and traditional markets with total crypto liquidations reaching $2.3 billion.
Crypto Revolution: 28% of American Adults Now Own Digital Assets
A groundbreaking study reveals that cryptocurrency ownership among American adults has surged to 28%, representing approximately 65 million investors. The research highlights shifting demographics, with Bitcoin leading adoption while concerns about security and market stability persist.
Trade War Tensions Spark Crypto Market Turmoil as Trump's Tariffs Hit Global Markets
President Trump's announcement of extensive tariffs targeting major economies triggered widespread cryptocurrency selloffs, with Bitcoin falling to $91,441 before partial recovery. The meme coin sector was particularly affected, while MicroStrategy's pause in Bitcoin purchases added to market pressure.
El Salvador Revokes Bitcoin's Legal Tender Status Under IMF Pressure
El Salvador's congress has approved reforms stripping Bitcoin of its legal tender status to secure a $1.4 billion IMF loan. While no longer official currency, Bitcoin can still be used voluntarily for payments as the country maintains its crypto investments.
Bitcoin Plunges Below $91K Amid Global Market Turbulence and Trump Trade Tensions
Bitcoin experienced a dramatic 7% drop below $91,200, triggering over $200 billion in liquidations amid economic uncertainties and Trump's aggressive trade policies. Despite the downturn, institutional interest from sovereign entities and technical indicators suggest potential for recovery if market conditions stabilize.
Musk's DOGE Department Gains Access to U.S. Treasury Systems for Blockchain Implementation
Elon Musk's newly formed Department of Government Efficiency (DOGE) receives unprecedented access to U.S. Treasury payment systems to implement blockchain solutions for federal spending tracking. The controversial move aims to streamline operations and reduce annual expenditures by $1 trillion by 2026.