Crypto Industry

The US has created a Strategic Bitcoin Reserve funded by forfeited treasury bitcoins, including multiple cryptocurrencies like Bitcoin, Solana, and Ethereum, to position itself as the 'Crypto Capital of the World' and foster industry growth.

Coinbase appoints David Plouffe to its global advisory council, aiming to enhance political influence as U.S. crypto regulations rapidly evolve. With ongoing legislative efforts on stablecoins and market reforms, Plouffe's expertise supports Coinbase's navigation in the changing landscape.

The SEC is working on establishing clear guidelines for crypto tokens labeled as securities, promoting lawful operations while deterring misconduct. This initiative signals a shift towards a pro-crypto regulatory environment, especially in light of recent changes in leadership.