Fiat currency inflation, US dollar shortages, and global competition are prompting the government to integrate cryptocurrencies. The government of Bolivia will integrate cryptocurrencies and stablecoins into the financial system in a push to modernize the country’s economy, Bolivia’s economic minister, Jose Gabriel Espinoza, announced on Tuesday. Banks will be allowed to custody crypto on behalf of clients, enabling digital currencies to function as a legal tender for savings accounts, credit products, and loans, according to Reuters. “You can’t control crypto globally, so you have to recognize it and use it to your advantage,” Espinoza said. Read more
The SEC’s 2025 agenda proposes clearer rules, safer market practices and stronger oversight for the crypto ecosystem, potentially influencing regulations worldwide. For years, US crypto firms operated under overlapping rules from the SEC, CFTC, FTC and FinCEN. The revised 2025 plan signals Washington’s intent to build a more flexible and structured framework tailored to digital assets. The SEC is moving toward a model centered on innovation, capital formation, market efficiency and investor protection. This marks an acknowledgment that crypto requires dedicated rules rather than adaptations of older regulations. The plan may lead to exemptions, safe harbors, DLT-specific transfer agent rules and crypto market structure amendments. These steps could help integrate digital assets into traditional market infrastructure. Read more
Bitcoin faces downside risks as a bear flag breakdown targets $77,400, while tensions between Strategy and MSCI can add new pressure on the BTC price. Bitcoin (BTC) is showing fresh downside risks as a deepening standoff between corporate Bitcoin holder Strategy (MSTR) and global index provider MSCI collides with a weakening technical structure. Key takeaways: BTC risks a slide toward $77.4K if the bear flag breaks down. Read more
Kevin Hassett, a White House economic adviser, has reportedly emerged as a leader among the Trump administration’s short list to replace Jerome Powell. US President Donald Trump is slated to choose a new Federal Reserve chair by Christmas, and the frontrunner, Kevin Hassett, could be a boon for the crypto industry. Hassett is a White House economic adviser who has reportedly emerged as a strong candidate for the Fed chair position. He is the director of the National Economic Council and oversaw the digital asset working group directed by the White House earlier this year. Trump has been trying to increase his administration’s control over the Federal Reserve, the country’s central bank, thereby expanding the White House’s influence over monetary policy. Read more