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Over 1.8 million Crypto Projects Failed This Year: CoinGecko

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  • The number of crypto projects that collapsed in just the first three months of 2025 is the highest yearly failure rate ever recorded.
  • 52.7% of cryptocurrencies since 2021 have failed, with many lacking real-world utility and surviving only on speculation.
  • Experts urge caution, advising thorough research into a project’s team, whitepaper, and community before investing.

A new research by CoinGecko, the popular cryptocurrency data platform, has revealed a concerning trend in the digital asset industry. According to the platform’s research, more than fifty percent of all cryptocurrencies launched since 2021 no longer exist.

However, more concerning is that as of March 31, 2025, 1.8 million crypto projects have failed this year alone. This is the highest number of crypto project failures that has ever happened in a year and the year isn’t over yet.

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Source: CoinGecko

Why are So Many Crypto Projects Failing? 

According to the study, 52.7% of cryptocurrencies listed on Geckoterminal over the past four years no longer exist. Geckoterminal is a platform that monitors all crypto assets available in the industry. 

These failures are another proof of the high volatility of the crypto market. With 1.8 million crypto projects failing in the first three months of 2025 alone, experts suggest that the lack of sustainability of these projects is the major cause of their failure.

They explained that many of these projects were created to solve any real-world problem. Instead, they were created as speculative investments. Hence, these tokens lose value and are abandoned by the owners and large holders when their hype fades.

However, weaker projects could start struggling to survive as authorities all over the world tighten regulations regarding cryptocurrencies. Extreme price swings is another cause of crypto project failures.

When these price swings happen, investors lose confidence in the project and abandon it, resulting into the collapse. Also, ‘rug pulls’ are another cause of crypto project failures.

In this case, developers abandon the project after raising funds from venture capitalists or other categories of investors.

Some Crypto Projects Grew amidst High Failure Rates

Meanwhile, the projects note that the crypto industry will continue to evolve despite the high failure rate. Projects built to solve real-world problems and have a well-designed structure are thriving.

Also, there’s continued adoption of blockchain technology in various sectors such as supply chains, finance, and gaming. In its recommendations, the CoinGecko study advised investors to always check a project’s team, whitepaper and the level of community engagement before investing in any project.

It also advised them not to invest in projects that promise too-good-to-be-true returns, as a high number of such projects fail.

Related Reading | Bitcoin’s Bullish Breakout: Will BTC Reach $161,132 in 2025?

UK Unveils Draft Crypto Rules to Regulate Exchanges and Protect Investors

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  • UK draft law brings crypto exchanges and dealers under financial services regulation.
  • According to FCA research, UK crypto ownership rose from 4% in 2021 to 12% in 2024.
  • UK and US plan transatlantic collaboration on digital asset regulation and innovation.

The UK government has released draft legislation to regulate cryptoassets. The proposal intends to bring digital asset exchanges, dealers and agents within existing financial services law to improve investor confidence and consumer protection. Chancellor of the Exchequer Rachel Reeves announced the changes during UK Fintech Week in London.

According to the government, the draft amends the Financial Services and Markets Act 2000 to include crypto-related activities such as operating exchanges and offering custody services. The proposed framework establishes new transparency, operational resilience, and consumer protection standards that companies serving UK customers must implement.

These draft rules follow a notable rise in crypto adoption in the UK. According to data from the Financial Conduct Authority, 12% of UK adults owned or had owned crypto assets in 2024, compared to 4% in 2021. The initiative has been implemented to define safe regulatory boundaries for promoting responsible technological advancement.

International Cooperation and Transatlantic Alignment

In addition, Chancellor Reeves also revealed ongoing discussions with the United States to coordinate digital asset policy. These talks with U.S. Treasury Secretary Scott Bessent included proposals for a potential “transatlantic sandbox” for digital securities. The UK and US will continue this dialogue during the next June Financial Regulatory Working Group meeting.

The UK’s approach aligns more closely with the United States’ regulatory path, which treats crypto assets as securities, rather than the European Union’s specialized crypto framework under the Markets in Crypto Assets Regulation (MiCA). Experts suggest this alignment may offer greater clarity to firms operating across the Atlantic.

Nick Price, a financial services lawyer at Osborne Clarke, described the legislation as “a simple and straightforward piece” that introduces regulatory certainty. Simon Treacy from Linklaters noted that while the draft defines which assets and activities are in scope, more detailed implementation rules will follow.

Stablecoins and Crime Enforcement Measures

The legislative framework also contains provisions that intend to regulate stablecoin operations. The proposed framework specifies UK-based stablecoin issuers as the exclusive subjects for regulatory oversight. The inclusion reflects the growing recognition of stablecoins as digital payment instruments, potentially affecting monetary policy and consumer safety.

In addition, the UK government passed new legislation strengthening crypto-related enforcement efforts as part of its regulatory expansion. The crime bill passed earlier this year increases police authority to confiscate digital assets related to illegal activities.

These developments form part of the government’s broader Plan for Change which includes measures to grow the financial services industry. Reeves stated that the new rules “make Britain the best place to innovate and the safest place for consumers.” She emphasized that the UK remains open to responsible innovation but will act decisively against fraud and instability.

Notably, the Treasury is accepting feedback from stakeholders on the draft until May 25. After collecting industry feedback the final legislation will be introduced later in 2025.

Additionally, the Chancellor plans to launch the UK’s first Financial Services Growth and Competitiveness Strategy on July 15 at the annual Mansion House speech. The strategy prioritizes fintech development and targets UK leadership in digital finance.

U.S. SEC Overhauls Approach to Digital Asset Regulations Under New Leadership

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  • SEC reviews crypto guidelines to ease regulatory pressure and align with current priorities.
  • SEC reassesses bitcoin futures and digital asset custody frameworks for updated rules.
  • Acting Chairman Uyeda leads SEC crypto policies toward deregulation efforts.

Acting Chairman Mark Uyeda announced that the U.S. Securities and Exchange Commission will reassess several staff statements on cryptocurrency regulations. He directed SEC staff to examine these documents promptly, citing Executive Order 14192, Unleashing Prosperity Through Deregulation, and recommendations from the Department of Government Efficiency (DOGE). 

The review on April 6 targets guidance issued under the Biden administration that focuses on digital assets and related markets. This recent action by the agency demonstrates a new direction in cryptocurrency supervision. Uyeda’s message on the X platform through the official SEC channel demonstrates the agency’s dedication to merging past guidance with modern operational goals.

The review aims to modify existing regulations in the growing digital assets sector, thus reducing the regulatory burdens affecting businesses in this field.

Key Documents Targeted for Revision

The agency’s staff will scrutinize several specific statements, including Topic No. 9 and Topic No. 9A, which address COVID-19 disclosure considerations for operations, liquidity, and capital resources. 

Another focus is the Framework for “Investment Contract” Analysis of Digital Assets, a cornerstone for classifying cryptocurrencies under securities law. The review explains guidance about bitcoin futures markets and custody frameworks, including the Wyoming Division of Banking’s digital assets custody regulations.

Since their initial public release, these documents have guided corporate organizations and financial investors. The agency’s current leadership under Trump seems to indicate that some guidelines no longer match the agency’s objectives. Cryptocurrency companies will gain clarity about regulatory requirements through the pending outcome of this directive. Experts anticipate that revised standards will likely cut down regulatory barriers, thus enabling advancements within the industry.

Broader Implications for Digital Asset Oversight

The review follows progressive efforts to rebuild the SEC’s policies regarding cryptocurrency. Uyeda serves as acting chairman while working to shift toward less enforcement-based policies from the past. The agency dismissed multiple high-profile digital asset cases, indicating the organization’s new regulatory approach. Adopting new policies stems from DOGE’s recommendations, a group affiliated with Elon Musk’s.

Commissioner Hester Peirce, known for her crypto-friendly views, did not write this statement despite her continued push for regulatory clarity. The U.S. cryptocurrency landscape will probably transform substantially following the agency’s forthcoming reevaluation of guidelines supported by Executive Order 14192 and Uyeda’s leadership.

Bill Hagerty’s Re-Election Bid With Bold Crypto Moves—Will It Pay Off?

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  • U.S. Senator Bill Hagerty launches his re-election bid, reinforcing his pro-Bitcoin stance and commitment to crypto-friendly regulations.
  • Hagerty partners with key lawmakers to refine and reintroduce a bill setting clear stablecoin guidelines, ensuring consumer protection and financial stability.
  • His proposed legislation aligns with Donald Trump’s push for crypto adoption, signaling a shift in U.S. policy toward digital assets ahead of the 2025 elections.

U.S. Senator from Tennessee Bill Hagerty gears up for re-election. The veteran politician earlier announced plans to introduce a new bill in Congress to establish clear guidelines for stablecoins.

Hagerty had long advocated for cryptocurrency, believing its economic benefits positioned the US to lead in digital asset innovation. Back in 2024, he tabled a bill to bring clarity to stablecoin regulations, with a key focus on consumer protection and financial stability.

Bill Hagerty
Bill Hagerty's Re-Election Bid With Bold Crypto Moves—Will It Pay Off? 3

Now, as he prepares for re-election, Bill Hagerty has teamed up with co-sponsor Senators Tim Scott, Kirsten Gillibrand (Democrat), and Cynthia Lummis to refine and reintroduce the legislation. Dubbed the Bill for the U.S. Stablecoins or the GENIUS Act, the bill allows state regulators to supervise stablecoin payments of under $10 billion, a bone of contention in previous attempts at legislation.

The legislation also addresses a key area of concern—states competing to attract stablecoin issuers by lowering requirements, leading to a “race to the bottom.” The bill proposed by Hagerty and co. seeks to set up reserve asset requirements to tackle this risk.

During a press conference, Senator Tim Scott, who chairs the Senate Banking Committee, stated he aimed to have the legislation ready for the President’s signature within 100 days.

Bill Hagerty In Trump’s Cabinet

Some of the notable aspects of the bills include stablecoin issuers being required to back up their tokens with U.S. dollars, Federal Reserve notes, Treasury bills, or other stable assets. The bill also mandates monthly audited reports about reserves from stablecoin issuers while providing criminal sanctions to anyone reporting false data. 

The regulations aim to create standards to maintain secure and dependable stablecoins necessary for their broad adoption, as reported by TronWeekly. While the ultimate makeup of a Trump Cabinet is still unclear, sources closer to Trump are confident Hagerty will play an influential role.

Hagerty’s move aligns with US President Donald Trump’s growing emphasis on crypto as a key financial priority. While opposing a central bank digital currency (CBDC), Trump has signaled support for stablecoins as a viable alternative.

With the 2025 elections on the horizon, it remains to be seen how Bill Hagerty’s proposal will pan out in Congress.

Will Tether Buckle Under GENIUS Act? Industry Leaders Sound Alarm

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  • The proposed GENIUS Act could bar Tether from operating in the US.
  • The bill imposes strict requirements on reserves, audits, and redemption.
  • Tether’s current practices appear to fall short of the proposed standards.

Tether’s US operations face a significant hurdle with the potential enactment of Senator Hagerty’s GENIUS Act. This bill, aimed at bringing stablecoin issuers like Tether (USDT) and USD Coin (USDC) under Federal Reserve oversight.

Backed by Senators Scott, Gillibrand, and Lummis, the bill establishes federal rules for stablecoin issuers over $10 billion, and state regulations for smaller issuers. Hagerty says the bill fits with Trump’s crypto vision, ensuring U.S. dollar dominance in digital finance. Senate staff expect swift movement through committees, with the White House signaling support for stablecoin legislation.

“This bill is similar to the Clarity Act in the House and is a priority for the Congress and Trump Admin to pass this term.”

Tether
Will Tether Buckle Under GENIUS Act? Industry Leaders Sound Alarm 5

However, some believe that the bill would effectively prevent Tether from operating within the US. As per the analyst, the proposed legislation would impose stringent requirements that Tether currently might be unable to meet.

These include mandatory authorization by the Comptroller of the Currency for issuers with over $10 billion in reserves, regular attestations from a US public accounting firm with CEO and CFO signatures subject to criminal penalties, and restrictions on reserve assets to US Treasury bills, cash, and reverse repos.

Compliance with these requirements presents significant hurdles for Tether. Its current practices, such as using a foreign auditor, holding a substantial portion of reserves in assets other than cash and US Treasury bills, and its approach to reserve segregation, appear to fall short of the proposed standards.

Hoskinson: Tether Could Buy Its Way to Compliance

On the other hand, opponents of the bill argue that it stifles innovation and paves the way for a central bank digital currency (CBDC) through stablecoins.

This is everything you need to know about the GENIUS Act. This bill stifles free-market innovation, gives power to large banks and regulators, effectively destroys algorithmic stablecoins, and provides a glide path for a CBDC via stablecoins.

Cardano Founder Charles Hoskinson suggested that Tether with its $13 billion annual profit, could leverage its financial strength and acquire existing entities that already meet regulatory standards. This would allow them to offer a compliant stablecoin within the US market.

While Tether’s future plans are unclear, the GENIUS Act could indelibly reshape the stablecoin industry and the entities operating within it.

Pump.Fun Hit With 3rd Lawsuit as Legal Troubles Mount

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Meme coin launchpad, Pump.Fun just got served another class-action suit, alleging that its business model represents an evolved form of Ponzi and pump-and-dump schemes, extracting nearly half a billion dollars in fees from investors. The lawsuit, was filed by a law firm that has also filed suits against Pump.Fun on behalf of two other memecoins, PNUT and HAWK.

The lawsuit alleges that Pump.Fun failed to meet crucial investor protections, such as: Know Your
Customer (KYC) verification; Anti-Money Laundering (AML) compliance; age verification requirements; and risk disclosures trading limits or other protective mechanisms. The suit also claims that the platform facilitated manipulative practices by providing tools and infrastructure for rapid token creation, promotion, and trading.

The lawsuit specifically points to three memecoins that Pump.Fun allegedly promoted through misleading marketing campaigns: the First Convicted Raccoon Token, the FWOG Token, and the GRIFFAIN Token through systematic campaigns and actions that were designed to drive speculative investment.

These campaigns included regular social media posts combined with claims about record-breaking market capitalization achievement, and were designed to create profit expectations among potential investors.

Pump.Fun’s Past Controversies Resurface

The suit also names UK-based firm Baton Corporation/ who maintained centralized control over the marketing, exchange listings, and market activities for the First Convicted Raccoon Token, the FWOG Token, and the GRIFFAIN Token.

The memecoin generatorr has been fraught wih controversy since its launch in April 2024. One of its disgruntled ex employee allegedly embezzled approximately 12.3K SOL, worth $2 million by exploiting smart contracts. The lawsuit against Pump.Fun comes amid another high-profile incident involving the platform.

After receiving a pardon from President Trump, Silk Road founder Ross Ulbricht reportedly lost $12 million on PumpFun coins after accidentally initializing a liquidity pool on the Raydium decentralized exchange at the wrong price.

Pump.Fun
Pump.Fun Hit With 3rd Lawsuit as Legal Troubles Mount 7

Ross Ulbricht, or someone with access to his wallets, just accidentally nuked the price of a pumpfun coin sent to him while trying to provide liquidity on Raydium. Because he initialized the liquidity pool at the wrong price, $1.5M of the token (5% supply) was instantly taken by a MEV Bot, then sold into the existing pool. Then he did it again and he lost another $10.5M. (35% supply)

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Crypto Tax Crackdown: IRS Secures First Digital Asset Fraud Conviction

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  • The IRS secures its first conviction in a crypto-related tax fraud case, with Ahlgren sentenced to two years in prison and fined $1.1M.
  • Ahlgren used advanced crypto tools to conceal income, but IRS tracked his Bitcoin through blockchain analytics and multiple exchanges.
  • As the IRS ramps up crypto enforcement, political pushback grows, with Senator Ted Cruz aiming to repeal a new rule requiring exchange reporting.

The IRS has registered a major legal achievement in its fight against evasion of taxes through cryptocurrencies. Frank Richard Ahlgren III is facing two years in prison and $1.1 million in fines for hiding income from his crypto trades from the Internal Revenue Service. This conviction is important for the IRS because it is the first tax fraud case that the IRS has prosecuted with digital assets.

Ahlgren’s tax evasion plan was to purchase a $4 million house in Park City, Utah with the money from Bitcoin sales. He employed high tech means such as CoinJoin mixers for laundering his income, Wasabi Wallet, and peer-to-peer services. He also used cash deposit and tried to manipulate his tax statement to declare less in his crypto assets. However, he tried his best to conceal his financial activities and yet the investigators could be able to follow his financial activities.

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Source: Chainalysis

IRS Tracks Hidden Crypto Wealth

The IRS was able to track down Ahlgren’s cryptocurrency through several wallets and exchanges by using blockchain analytics. Chainalysis said that Ahlgren’s fortune can be attributed to the 1,366 BTC that was bought in December 2015 for $676,170. These assets, which include digital ones, enormously increased in value, although Ahlgren did not declare them during the tax period.

”While Ahlgren used various techniques to try and escape the attention of the authorities, his conviction shows that tax evasion on the blockchain can be unravelled,” Chainalysis wrote in a recent blog. The case captures how the IRS is gradually improving its capacity to trace digital asset transactions, despite the anonymity cues that characterize digital assets.

This is in line with the IRS’s efforts to fight digital currency tax evasion, of which this victory is one more step. Learning from Blockchain analytics firms, the agency is acquiring the means to track the digital footprints that digital assets users leave behind. Such advancements show that the IRS is stepping up its enforcement in the world of cryptocurrencies.

Crypto Regulation Faces Challenges

However the legal and political environment in the area of crypto regulation is still ambiguous. Texas Senator Ted Cruz has stepped up efforts to stop a recent rule by the IRS that seeks to make decentralised digital currency exchanges to report and file customer data. This rule requires exchanges to collect people’s names and addresses, as well as send tax forms to users.

Cruz and several other GOP senators have pushed to repeal the rule using the Congressional Review Act (CRA). The CRA enables Congress to make regulations void through a simple majority vote and without reference to the Senate’s filibuster rules. On this matter, the lawmakers have up to the middle of May 2025 to make a decision.

While heated discussions regarding crypto regulation continue, the fate of the digital asset supervision in the United States remains unclear. Legal battles and legislative battles ahead of it, the IRS will remain a significant player in the development of the digital assets industry.

US President Donald Trump Signs Executive Order Banning CBDCs and Regulating Crypto

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  • Trump’s executive order bans CBDCs, revoking Biden’s 2022 crypto framework entirely.
  • New U.S. crypto task force to propose regulations and evaluate a Bitcoin reserve.
  • Trump’s CBDC ban could reshape global digital currency strategies, experts say.

President Donald Trump has issued an executive order banning the creation, issuance, and use of central bank digital currencies (CBDCs) in the United States. This directive also revokes all previous orders and frameworks issued by the Biden administration and sets a new course for the country’s digital currency-related policies.

Trump’s Crypto Working Group to Define Digital Asset Policies

The executive order also describes creating a presidential working group responsible for creating a regulatory structure for digital assets, including stablecoins. This group will comprise important officials from government departments, such as the treasury secretary, the attorney general, and the heads of financial regulatory bodies, such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

One of the group’s main objectives is to assess the opportunities for building a strategic digital asset stockpile. The order stated that the stockpile could consist of cryptocurrencies that the federal government had legally confiscated. The working group is expected to make recommendations on consumer protection, market monitoring, and risk management in the digital asset space.

Moreover, the EO seeks to safeguard banking services for cryptocurrency companies, which is important given the industry’s current issues regarding limited access to financial services.

Prohibiting CBDCs: A Fulfilled Campaign Promise

In his campaign, Trump issued an order directly banning federal agencies from creating or promoting CBDCs. The text states that all existing plans or projects connected with CBDCs within the U.S. government must cease.

The decision to ban CBDCs supports Trump’s stance of focusing on decentralized cryptocurrencies such as Bitcoin and ensuring the United States’ sovereignty over monetary systems. This decision has been met with enthusiasm within cryptocurrencies, as it is seen as a further attempt to encourage innovation and financial freedom.

image 102 6
US President Donald Trump Signs Executive Order Banning CBDCs and Regulating Crypto 10

Nevertheless, international experts expect that the US ban will affect the CBDC projects globally. Although China and the European Union are still working on CBDCs for retail and wholesale use, the ban in the US might hold back the progress of retail CBDCs.

National Strategic Bitcoin Reserve Under Review

The EO also includes an option for forming a Strategic Bitcoin Reserve, an idea Trump had previously presented during the campaign. The reserve would use Bitcoin held by the government from seizures and hacks, cementing the currency’s position in the digital economy.

The Trump administration has suggested that this reserve may be useful in the long term, for instance, for financial stability and protection against inflation. Although the concept is still under consideration, the EO intends to move digital assets into the national economic plan.

This executive order is an important change in the United States’ approach to cryptocurrencies, focusing on growth, rules, and strategy for digital finance. Top executives and government officials are still expecting the details of the working group’s recommendations and plans for their execution.

SEC Launches Crypto Task Force Under Trump Administration to Clarify Rules

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  • SEC’s new crypto task force aims to create clear regulations, addressing industry uncertainty around token registration.
  • Bitcoin hits a record high of $109,071 following the SEC’s crypto regulatory shift under the Trump administration.
  • SEC’s crypto task force to collaborate with CFTC, lawmakers, and global agencies for unified digital asset regulation.

On January 21, 2025, the U.S. SEC took an important step by creating clear rules for the cryptocurrency market. The SEC established a new task force to make detailed digital asset rules. With President Donald Trump’s approval, the administration wants to change rules and give the crypto community the clear regulations they have requested.

The Role of the New Task Force in Crypto Regulations

SEC Commissioner Hester Peirce, who has consistently supported cryptocurrency and is popularly known as “Crypto Mom,” will lead the new task force. The task force should define how cryptocurrency should be registered, create effective ways for companies to share information, and choose carefully when to enforce rules. The team will meet with industry experts to find favorable ways to meet regulatory standards, reducing the sector’s problems with unclear rules.

The community and interested parties were increasingly dissatisfied with the SEC because it hadn’t set clear rules. The SEC’s unclear guidelines made Coinbase, Kraken, and other firms unsure when cryptocurrency tokens fall under securities laws. By creating this team the SEC aims to build a clearer, better-organized marketplace that encourages development while keeping investors safe.

Task Force’s Engagement with Industry and Lawmakers

The task force will collaborate with federal agencies like the Commodity Futures Trading Commission (CFTC) and gather perspectives from state and international regulators. Its goal is to ensure that rules work smoothly in different jurisdictions while meeting U.S. and international industry market demands.

The task force will work with lawmakers on regulations and conduct public hearings to get ideas from many people in the industry. The meetings will cover important issues like how tokens are classified and what rules govern digital asset exchanges. The SEC wants every affected group to help make rules aiming for outcomes that everyone can use effectively. 

Market Reaction and Industry Support for SEC’s Move

Cryptocurrency companies and other interested parties have welcomed the announcement. Larger exchanges such as Kraken and Coinbase remain optimistic about the SEC’s new approach to regulating digital assets. The policy head of Kraken, Jonathan Jachym, called this progress a major achievement that brings clarity.

Coinbase’s Chief Legal Officer Paul Grewal also endorsed the effort, noting that the industry has requested guidance from regulators for years. The new administration has provided a new direction to bring a clearer direction for digital assets.

This sentiment was reflected in the market, as the price of Bitcoin surged to $109,071 as investors cheered the administration’s embrace of digital assets.

Circle CEO: Banks Are 72 Hours Away From Entering Crypto Markets

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  • Circle CEO anticipates executive orders allowing banks to trade crypto, potentially opening floodgates for institutional investment.
  • Trump’s crypto-friendly stance and promised executive actions could revolutionize how traditional banks handle digital assets.
  • USDC issuer suggests imminent policy shifts that could create new opportunities for crypto investors and traders

Circle CEO Jeremy Allaire anticipates groundbreaking executive orders from President Donald Trump that could transform how traditional banks interact with digital assets. The cryptocurrency market could be on the verge of a transformative shift.

This primarily means overhauling the controversial SEC’s SAB 121. These rules re­quired firms that hold customers’ crypto asse­ts in custody to record them as liabilities on the­ir balance sheets. Public banks criticized this clause calling it burdensome­ and discouraging them from offering crypto custody service­s.

Earlier former president Biden vetoed a resolution passed by both houses of the US Congress to repeal the crypto custody rules. This move sparked a lot of controversy within the crypto community.

Now with Trump’s entry, the crypto industry awaits a potential repeal of the SEC’s Staff Accounting Bulletin 121. These executive orders could enable banks to not only trade cryptocurrencies but also offer crypto investments to high-net-worth clients and maintain digital assets in their portfolios. This institutional adoption could trigger significant price appreciation across the altcoin market.

The news is significant considering Circle’s position as the issuer of USDC, the second-largest stablecoin globally and the eighth-largest cryptocurrency by market capitalization. USDC’s dominant market position adds credibility to Allaire’s insights about potential regulatory changes.

Circle’s USDC Set to Dominate as Trump Administration Rules Out CBDC

Recently, Treasury Secretary, Scott Bessent, stated there’s “no reason” for the government to create a central bank digital currency (CBDC). As a U.S.-based, regulated company, Circle’s USDC derives a significant advantage over rival Tether (USDT) in gaining U.S. institutional trust.

Circle
Circle CEO: Banks Are 72 Hours Away From Entering Crypto Markets 12

The anti-CBDC stance from Trump’s Treasury Secretary implicitly suggests private stablecoin solutions will be preferred. Additionally, Circle’s strong relationship with U.S. banks and regulators could become even more valuable. Overall, the clarity on no CBDC could drive more partnerships between Circle and traditional financial institutions

For crypto investors, these developments signal a golden opportunity to identify and invest in promising altcoins before institutional money flows in, possibly leading to substantial returns as the market expands.