The recently established crypto task force will be holding a roundtable discussion focusing on defining the security status of digital assets, amid shifting regulatory approaches and recent policy changes. SEC Organizes Crypto Task Force Roundtable The U.S. Securities and Exchange Commission (SEC) is set to hold a roundtable discussion under its newly established crypto task force. The event, titled “How We Got Here and How We Get Out – Defining Security Status,” will take place on March 21 at the SEC’s Washington, DC headquarters as part of the broader “Spring Sprint Toward Crypto Clarity” initiative. This marks a significant move by the SEC in addressing regulatory uncertainties in the digital asset sector. The agency has largely relied on enforcement actions rather than clear regulatory frameworks, leading to ongoing legal disputes and industry concerns. Key Participants and Format The discussion will be live-streamed, with a recorded version available later. However, attendees will also engage in closed-door breakout sessions, which will not be broadcast. These private sessions aim to facilitate more candid discussions among regulators, legal experts, and industry leaders. The SEC recently unveiled the members of its Crypto Task Force, which includes former big law firm crypto lawyer Michael Selig as chief counsel and longtime SEC staffers. Additionally, Sumeera Younis, former policy counsel to Commissioner Hester Peirce, has been appointed as the task force’s operations chief. Regulatory Developments and Industry Implications Commissioner Hester Peirce, who is leading the task force, emphasized the importance of public engagement in shaping crypto regulations, stating, “I am looking forward to drawing on the expertise of the public in developing a workable regulatory framework for crypto.” Since its formation, the task force has engaged with various industry representatives, including Crypto Council for Innovation, Zero Hash, and Paradigm Operations. High-profile figures such as Michael Saylor have also contributed to discussions. One of the task force’s key considerations is the classification of certain crypto tokens as non-securities, signaling a potential shift in the SEC’s regulatory approach. This move comes as the agency operates without a Senate-confirmed chair, contributing to an evolving stance on crypto oversight. Recent SEC Policy Shifts Under the current administration, the SEC appears to be adopting a more industry-friendly approach. This follows dismissed lawsuits against major crypto firms such as Coinbase , OpenSea, Robinhood, and Gemini. On March 3, the agency dropped its lawsuit against Kraken , adding to the list of abandoned litigation efforts initiated during the Biden administration. As regulatory discussions continue, the upcoming roundtable could play a pivotal role in shaping the future of digital asset governance in the United States. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Overturning the IRS rule could boost DeFi innovation by reducing compliance burdens, but may raise concerns about tax evasion and transparency. The post Trump’s administration backs resolution to undo IRS DeFi broker rule appeared first on Crypto Briefing .
Coinbase, the largest cryptocurrency exchange in the United States, announced that it will list PancakeSwap, Brett (Based) and ai16z altcoins in futures. *This is not investment advice. Continue Reading: JUST IN: Coinbase Announces to List 3 Altcoins in Futures
CANADA TO IMPOSE 25% TARIFFS ON ADDITIONAL C$125 BILLION OF U.S. IMPORTS IN 21 DAYS, ANNOUNCES TRUDEAU
One might think that virtually all Bitcoiners would be thrilled about the notion of the U.S. government acquiring BTC (and perhaps a basket of other cryptoassets) and effectively ratifying it as a global asset of consequence. However, I count myself among the few holdouts who don’t see the development as positive for either Bitcoin or the U.S. government itself. Here’s eight reasons why I don’t support the policy. What is easily done is easily undone If Bitcoiners want a reserve to last, they should want Trump to seek Congressional authorization for a purchase (as is customary for any large outlay). If it is done solely by executive fiat, the next administration will not feel bound by the policy and could trivially reverse it (and nuke the market in the process). If Bitcoiners sincerely believe it benefits the U.S. to acquire bitcoin and hold it for a long period of time, then they would have no issue insisting that the government pass a law authorizing spending for the Reserve, rather than having Trump enact the policy unilaterally. The fact that many Bitcoiners are hoping that Trump makes the policy without asking Congress for approval shows that they are chasing a short-term pump, rather than actually being sincere about the long-term value of the Reserve for the U.S. A future Democratic administration will have no qualms about immediately divesting the Reserve. The global reserve issuer should not disrupt itself The U.S. is the issuer of the global reserve currency. We still don’t know how the Crypto Reserve will be positioned – as simply an investment fund, or something more inherent to the dollar such as a new commodity-based currency system like the old gold standard. If the Crypto Reserve is contemplated as providing a new backing for the dollar, I believe this will cause significant unease in dollar and Treasury markets. Effectively, the government will be signaling that it believes it no longer has faith in the dollar system as it currently exists, and a radical change is needed. I imagine that this would cause already-high rates to rise, as the market starts to wonder whether the U.S. is contemplating a default on its debt. The government should be focused on shoring up investors’ faith in its ability to sustain its debt obligations by pursuing pro-growth and deficit-reducing policies, not toying with the entire structure of the dollar system. Many Bitcoiners don’t buy this line of reasoning and simply want to accelerate the collapse of the dollar. I view this as a kind of financial terrorism. I don’t believe in financial accelerationism nor do I think bitcoin – or any other cryptoasset – is ready to serve as the backing of a new commodity standard for the dollar. The U.S. already has plenty of exposure to Bitcoin American funds and individuals hold more Bitcoin than the citizens of any other country on the planet – almost certainly by a large margin. The U.S. government already benefits from this state of affairs. When Bitcoin goes up, those Americans who realize their gains owe taxes to the government – either 20% or 40% of their gains based on how long they have held the position. This is a meaningful point not to be overlooked. The U.S. already benefits when Bitcoin goes up, through tax realizations – more than any other country. In light of this, do we really need to pick a massive fight and insist that the U.S. government gain direct exposure for these assets, too? No one is pushing for the U.S. government to acquire Apple or NVIDIA stock. Why Bitcoin? There is no “strategic” value in a crypto reserve Generally, assets and commodities that the U.S. acquires at the government level are things that might be required in a pinch, and have to be accumulated ahead of time. The Petroleum Reserve is a good example, as oil is clearly an essential commodity, and in a crisis, we might not be able to acquire all the oil that we need. We also maintain reserves of other sorts of strategic assets, such as medical supplies and equipment, rare earth minerals, helium, metals like uranium and tungsten, and agricultural commodities. These all have a clear and obvious purpose: creating a reserve that can be dipped into in a time of emergency. We also stockpile foreign FX, in case we need to make interventions into currency markets, although these interventions are increasingly rare. There is no obvious strategic use for bitcoin (and certainly not Cardano or Ripple). Ordinary Americans do not need a “supply” of bitcoin or any other cryptoasset to support their quality of life. This might change if the entire financial system runs on a blockchain and we need the tokens for gas (the one analogous "industrial” use I could think of), but that’s not the state-of-play today. The only “strategic” use for bitcoin is simply going “long” the asset at the state level and selling it later, but you could accomplish this with any other financial asset. There’s nothing unique about bitcoin (or any other cryptoasset) in this regard. Of course, if you’re going to ultimately back the dollar with bitcoin in some kind of neo gold standard, then it would have a strategic use (in which case you should refer back to point #2). But I don’t think that is the intent right now. A Crypto Reserve dilutes the value proposition of Bitcoin Mixing Bitcoin in with rival cryptoassets Ethereum, Cardano, Solana, and XRP and giving them all an equal government imprimatur devalues Bitcoin and makes it look undifferentiated from these assets. Bitcoin is the only one of the bunch with a credible supply schedule and genuine decentralization at the protocol level. A crypto reserve confuses the issue and devalues Bitcoin in the public eye. Principled Bitcoiners should push for an all-or-nothing approach; either just Bitcoin, or no reserve. Bitcoin does not need the government I wonder what early libertarian Bitcoiners from 2012-16 would think of 2025 Bitcoiners pushing for the government to backstop the value of their coins. Beyond the confusing ideological evolution that the Bitcoin community has undergone, another point remains. Bitcoin has been one of the best performing investments in history, monetizing from nothing in 2009/10 to trillions of dollars in aggregate value in 2025. It has done all of this without government support, and, indeed, in many cases, despite overt hostility from powerful nation-states. A Crypto Reserve would transform bitcoin from an apolitical asset into the plaything of the government, subject to Washington’s political cycles. Bitcoiners were never ones to hitch their wagon to the government, and they shouldn’t start now. It would turn Americans against Bitcoiners Only a fraction (somewhere between 5-20%) of Americans own bitcoin, and even fewer own other cryptoassets. Many Bitcoiners are extremely wealthy due to their historical investments in the coin and others. At a time when government spending is under the microscope, using taxpayer dollars – regardless of how mechanically they are apportioned – to bolster the price of Bitcoin and other cryptoassets will be politically unpopular. Biden’s proposed student loan amnesty was met with great resistance, despite potentially applying to 43 million borrowers. Bitcoiners are a smaller bunch and even less in need of financial support from the government. This policy would undoubtedly cause an unnecessary backlash in broader society against the crypto community. It looks self-interested It’s no secret that Trump and his cabinet and inner circle have ownership in various cryptoassets. Trump himself has launched, or is affiliated with: an NFT project built on ETH, more than one memecoin built on Solana, and, of course, World Liberty Financial which holds an array of crypto assets. What we need from Trump is reasonable crypto policy, and based on his appointments at Treasury, Commerce, SEC, CFTC, OCC and others, it looks like he is delivering that. However, using government resources to directly increase the value of coins that Trump (and many in his inner circle) hold leaves a sour taste. Most of us in the crypto industry have simply been asking for reasonable policy and fair rules of the road so that we can do business in the U.S. Trump is proposing going much further than this and using taxpayer dollars to speculate on the coins themselves, potentially enriching himself and his associates. To Trump’s critics, this appears corrupt. It also makes the remainder of Trump’s pro-crypto policymaking and regulatory efforts look self-interested, rather than letting it stand on its own as good policy. A future administration could choose to throw the baby out with the bathwater, reversing all the progress the U.S. has made on crypto. The existence of the Reserve gives future regressive efforts an easy moral justification.
Aave DAO has introduced a major governance proposal aimed at enhancing the AAVE token economy. The proposal includes a structured AAVE buyback plan, redistribution of excess revenue, and upgrades to liquidity management. If approved, these changes will be implemented through a formal governance process. Aave DAO Governance Proposal and Key Objectives According to a release , Aave DAO has put forward a proposal focusing on optimizing the tokenomics of AAVE. The proposed measures include a structured AAVE buyback program, termination of the LEND token migration, and improvements to secondary liquidity management. The initiative aims to strengthen the financial structure of the protocol while ensuring sustainable growth. The proposal also introduces the Aave Finance Committee, which will be responsible for overseeing financial decisions and liquidity strategies. The committee will manage a weekly AAVE buyback program starting at $1 million, with provisions for expansion depending on financial conditions. If approved, the changes will progress through Snapshot voting before execution by the Aave Finance Committee. AAVE Buyback and Redistribution of Excess Revenue A key aspect of the proposal is the introduction of a “buy back and distribute” mechanism. Initially, Aave DAO plans to repurchase $1 million worth of AAVE each week. The buyback scale may increase based on the protocol’s financial performance. This strategy aims to enhance value for AAVE holders while improving overall liquidity. Additionally, the proposal outlines a new system for distributing excess revenue generated by the protocol. Instead of the previous model, Aave DAO suggests reallocating rewards in assets such as wETH, USDC, USDT, and AAVE. This approach is designed to ensure that stakers benefit directly from the protocol’s revenue stream. Introduction of Anti-GHO and Secondary Liquidity Upgrades The governance proposal also introduces Anti-GHO, a new non-transferable ERC20 token. Anti-GHO will be distributed to AAVE and StkBPT stakers, replacing the current GHO discount model. This adjustment is intended to create a more balanced and sustainable incentive system for users participating in the ecosystem. Moreover, the proposal outlines a plan to improve AAVE’s secondary liquidity management. The objective is to reduce the annual liquidity costs of approximately $27 million by transitioning towards a more efficient liquidity model. The new model will integrate staking mechanisms and active liquidity management to enhance stability while reducing costs. AAVE Price Jumps Following Announcement Following the release of the governance proposal, AAVE’s price experienced a notable increase. The token surged from approximately $174 to over $187, marking a rise of over 7%. As of press time, AAVE price is trading at around $186.69, reflecting a daily increase of 3.25%. AAVE/USD price chart (source: TradingView) According to the market trend, AAVE price is currently attempting to stabilize near the $180 support level. However, the AAVE price remains in a bearish trend, with resistance levels identified at $200 and $240. Despite this, technical indicators such as the Relative Strength Index (RSI) and Money Flow Index (MFI) suggest that selling pressure is easing, potentially leading to a price rebound in the short term. In the meantime, Aave DAO’S next steps involve gathering community feedback before advancing to the Snapshot voting stage. If approved, the proposal will move to an on-chain governance vote before final execution. The post Aave DAO Proposes Major AAVE Buyback Plan and Liquidity Upgrade appeared first on CoinGape .
Bybit exchange suffered a significant cyber attack resulting in massive theft. A large percentage of stolen funds remains traceable, but some are lost. Continue Reading: Bybit Suffers Major Cyber Attack: Millions in Crypto Stolen The post Bybit Suffers Major Cyber Attack: Millions in Crypto Stolen appeared first on COINTURK NEWS .
The crypto market suffered a dramatic crash after what seemed like a short-lived recovery following US President Donald Trump’s strategic crypto reserve announcement. While Bitcoin is down by over 10% on Tuesday, the rest of the crypto market cap has slid below $2.8 trillion. Arthur Hayes, former CEO of BitMEX, argues that Trump’s economic strategy could have a significant impact on Bitcoin and the broader cryptocurrency market. Debt-Fueled Policies Could Ignite a Bitcoin Rally In his latest blog post , Hayes said that Trump’s approach to financing his “America First” policies will involve extensive debt issuance, which would require the Federal Reserve to increase money supply and lower interest rates. He noted that such conditions have been historically favorable for Bitcoin. Hayes also outlined how Scott Bessent, Trump’s Treasury Secretary, aims to restructure US debt by extending maturities and reducing yields. He sees this as a “soft default” that lowers real debt burdens. This, combined with Trump’s push to cut government spending through the Department of Government Efficiency (DOGE), may induce a recession, thereby forcing the Federal Reserve to pivot toward monetary easing. The Fed, led by Jerome Powell, would then be expected to cut rates, halt quantitative tightening, and potentially restart quantitative easing – injecting trillions into the financial system. $1 Million Target Historically, aggressive monetary expansion has been bullish for Bitcoin. Hayes estimates that potential liquidity injections ranging between $2.74 trillion and $3.24 trillion could trigger a Bitcoin rally similar to the post-COVID surge, where the asset’s price multiplied 24 times despite the current struggle . Given BTC’s larger market capitalization today, Hayes projected a more conservative but still significant 10x increase, which could drive its price toward $1 million during Trump’s presidency. Bitcoin’s trajectory, according to Hayes, hinges on the interplay between Trump’s fiscal policies and the Federal Reserve’s response – both of which could set the stage for another major crypto bull run. The post Why Arthur Hayes Is Bullish on Bitcoin Under Trump’s Economic Strategy appeared first on CryptoPotato .
The recent surge in trade tensions between the U.S. and China has once again impacted the cryptocurrency markets, signaling caution for investors. As tensions increase, traditional financial markets are experiencing