The past week has been eventful for the cryptocurrency space, with significant political decisions and market changes. This article reviews the key moments.
Trump Bans 'Debanking'
President Donald Trump signed an order prohibiting banks from cutting off customers based on political or religious views. This is expected to reduce pressure on crypto firms and other lawful businesses that may have been excluded due to 'reputation risk.' While JPMorgan and Bank of America denied closing accounts for political reasons, positive regulatory changes are welcomed in the industry.
SEC Ends Ripple Lawsuit
The conflict between Ripple and the SEC has concluded. Despite a $125 million penalty and restrictions on XRP sales, the regulator dropped the 'Bad Actor' label. This allows Ripple to once again attract investments from accredited investors. The company's legal chief stated that this is 'the end' of the case, opening new opportunities for the company.
Ethereum Breaks $4000
Ethereum surpassed the $4000 mark for the first time since December 2024, reaching $4050. The entry of corporate treasuries and ETFs actively purchasing ETH indicates increasing interest in altcoins. This event raises the question of whether Ethereum can set new records, and investors are eagerly waiting for further developments.
The week in the cryptocurrency space was rich in events, from political decisions to significant market indicators. New regulatory changes and continued interest in crypto assets are expected in the coming months.
