In the fast-evolving crypto space, staying informed is crucial. Here is a recap of the most significant news and trends from the past week.
Trump's Crypto Directive
On January 23, President Donald Trump issued an executive order to strengthen U.S. leadership in blockchain and digital assets. The directive emphasizes regulatory clarity, financial independence, and privacy, notably banning support for Central Bank Digital Currencies in the USA.
SEC Policy Changes
The U.S. SEC rescinded the controversial SAB 121 bulletin and introduced SAB 122, offering a more flexible approach to managing digital assets. The new bulletin allows institutions to custody digital assets without labeling them as liabilities but mandates disclosure of related risks and obligations.
Dogecoin Interest and ETF
Bitwise Asset Management filed for a Dogecoin (DOGE) ETF with the SEC, indicating its intention to launch an investment product focused on DOGE. The filing is a preliminary step towards a full SEC proposal and includes the incorporation of a trust for clear governance and tax advantages.
The past week was eventful for DeFi and crypto sectors. These developments may have a significant impact on the future growth of digital assets in both the US and globally.
