#write2earn🌐💹 The future of digital assets, or ‘crypto,' has never been so bright. which saw Bitcoin (BTC) finally cross the $100,000 mark.

1.SAB 121 Revoked: Banks Can Now Custody Digital Assets

The Staff Accounting Bulletin 121 (SAB 121), which prevented banks from custodying cryptocurrencies, has been officially rescinded.  It was long seen as controversial due to market enthusiasts viewing it as the government trying to stifle the industry.

2.SEC Pivots and Chokepoint 2.0 Fizzles Out

Under the Biden administration, there was unprecedented animosity between the SEC and the crypto industry that even saw actions by the regulator called into question in court, in addition to it losing multiple cases.  This, however, is expected to quickly change as the SEC's stance appears to have already undergone a marked shift, moving away from its previously more adversarial posture.  Only time will tell if this is true, and approaching the industry with regulation through enforcement has ended.

3.A Comprehensive Presidential Executive Order on Digital Assets

Not wasting any time, President Trump officially signed a multifaceted Executive Order (EO) on cryptocurrencies only days into his second tenure.

First, and perhaps most importantly, this EO definitively states that the United States will not be issuing a central bank digital currency (CBDC) in the foreseeable future. 

the Executive Order essentially acknowledges the importance of these:

• Privacy

• Decentralization

• Censorship-resistance

• Fixed emissions schedule

• etc.,

4.Strategic Bitcoin Reserves at a State Level

While a strategic Bitcoin reserve (SBR) at the Federal level may have garnered the bulk of the public attention until now, it is important to not underestimate the impact that could be felt on a State Level.  As it stands, there are already various U.S. states exploring the potential of establishing such a reserve, reflecting a growing recognition of their value as a hedge against inflation and economic instability.

• Texas: A leader in Bitcoin advocacy, Texas has introduced multiple bills related to Bitcoin adoption and the establishment of state-backed reserves.

• Wyoming: Known for its crypto-friendly policies, Wyoming has considered legislation to create a digital asset reserve, further solidifying its position as a blockchain pioneer.

• Oklahoma: Proposed legislation in Oklahoma examines the potential for the state treasurer to allocate a portion of state funds into Bitcoin or other digital assets.

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• Massachusetts: Massachusetts has explored measures to enable the state to hold Bitcoin and other cryptocurrencies in its reserves.

5.ETF Applications

With all of the above changes, there has been a surge in crypto-based ETF applications.  While amazingly successful BTC and ETH variants already exist, the group of applications is intriguing, as it is populated with many controversial networks.

Among the current group of applications, Litecoin is widely viewed as the least controversial and has emerged as the most likely candidate for near-term approval.  This is due to several reasons:

• Active for nearly 15 years

• Proven Stability

• Typically viewed as a commodity

• Proven utility

• Widely used as an actual payment network

So what is best cash that can collapse at any time or the future currency!! ?🤔🤯