Episode 549
📍 The US Securities and Exchange Commission (SEC) is shifting its approach to the crypto industry under the new Trump administration, with a focus on less hostile engagements and clearer regulations.
📍 The SEC has ended or dropped investigations and lawsuits against several major crypto companies, including Binance, Coinbase, OpenSea, Robinhood, Uniswap Labs, Gemini Trust, and Consensys, signaling a more favorable regulatory environment.
📍 President Trump has announced plans to establish a US crypto reserve, which will feature prominent cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano, causing a surge in their prices and a notable premium on Coinbase relative to Binance.
📍 Despite the announcement, the market remains skeptical about the creation of a US Bitcoin reserve within the first 100 days of Trump's presidency, with Polymarket bettors giving it a 23% chance of happening by April 30th, 2025.
📍 The crypto market has reacted positively to the news, with Bitcoin and Ethereum prices jumping over 10% in a day, and XRP, Solana, and Cardano experiencing even larger gains, with Cardano leading the pack with a 68% spike.
