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The crypto industry saw the most legislative progress on crypto laws in the U.S. this year, with one of the competing digital asset bills making it past multiple House committees for the first time. “To be clear, in some cases — like FTX — enforcement was necessary,” said Renato Mariotti, a former prosecutor in the U.S. “But U.S. enforcement actions against market participants that are more focused on compliance are questionable and the result of the U.S. ‘regulation by enforcement’ approach.” Regulators around the world from Europe to Asia ramped up efforts to bring about formal laws for digital currencies in 2023 — but it was the U.S. that took some of the harshest legal actions against major players in the industry. Coinatory is a news portal dedicated to providing the latest updates on cryptocurrency, blockchain, and mining. Our mission is to keep readers informed about the most significant and exciting developments in the crypto world, including updates on new coins as they emerge.
Analysts Post Thrilling Bitcoin Price Predictions for 2025: Where’s the Top?
Stablecoins are meant to maintain a stable price over time—often pegged to fiat currency like the US dollar—meaning they are less volatile than cryptos like bitcoin, so long as the stablecoin issuer has enough forbesnews247.com collateral to actually back it up. As a result, the Citi analysts say crypto returns need to be priced a few percentage points above equities’ expected returns to justify a 1% allocation of portfolios, and far higher for a bigger share. The ETFs got the go-ahead from the SEC this year after a yearslong approval process and have served to make trading crypto easier. By buying into the funds, investors can access bitcoin and Ethereum’s price movements without having to buy the coins themselves.
Navigating MiCA: Anastasija Plotnikova on the future of global crypto regulation
“However, much of their work has involved providing guidance to the industry through enforcement actions,” continued Levin. “Other countries have a comprehensive regulatory framework in place. We don’t,” Mariotti told CNBC. “As a result, issues that should be determined by legislation or regulation are instead litigated.” Buying solana (SOL) is straightforward, but with numerous crypto exchanges on the market, it’s crucial potential investors consider other key factors before making a purchase.
The analysts said continued stablecoin issuance, which got a boost after Trump’s election win amid renewed enthusiasm in the industry, will help create a healthier crypto market. At the same time, French authorities have kept a skeptical eye on fraudulent activity among various crypto players. In September, French regulators added 22 fraudulent websites — including some that market trading in crypto and crypto-linked derivatives — to a blacklist of unauthorized foreign exchange providers.
Ethereum dominates USDC’s supply at 65%, but Solana, Base, and Hyperliquid now capture a growing share of the market. Delphi Digital predicts that stablecoin monthly active addresses will surpass 50 million as adoption becomes a necessity for fintechs. Bitcoin was among the assets affected, however it has significantly grown in value since then and briefly stood at more than $100,000 per coin in December. It’s estimated the so-called “cryptocrash” resulted in losses of $400bn (£318 bn).