Regulatory Developments

Trump’s Crypto-Friendly Moves:

President Trump signed a bill reversing a Biden-era rule that imposed traditional brokerage tax compliance on decentralized finance (DeFi) platforms. This move sparked a brief Bitcoin rally, though gains were later erased by trade war concerns.

European Union Concerns:

The EU’s securities watchdog warned that the growing integration of crypto with traditional financial markets could pose systemic risks, signaling tighter oversight in the future.

Hong Kong’s Stablecoin Push: Hong Kong is leveraging its US dollar peg to attract stablecoin business, with ChinaAMC launching the first tokenized money market fund for retail investors.