As of February 15, 2025, the US cryptocurrency market has undergone significant changes and developments. Below is an overview of the most important news.
Market trends
Bitcoin ($BTC ) fell below $100,000 after US President Donald Trump imposed import tariffs on goods from China, Canada and Mexico. The decision caused the crypto market capitalization to decline by 11.7% to $3.16 trillion.
Regulatory initiatives
SEC Commissioner Hester Pierce announced the creation of a cryptocurrency task force, which aims to determine which assets are not securities and develop a transparent procedure for registering new tokens.
Government reserves in bitcoins
Lawmakers in Montana, Michigan, and North Carolina are considering bills to create bitcoin reserves, with Montana planning to invest up to $50 million in the first cryptocurrency.
Tax liabilities
The U.S. Internal Revenue Service (IRS) has reminded taxpayers to declare all income related to digital assets when filing their 2023 federal tax return. This includes income from the sale, exchange, or receipt of cryptocurrencies.
Corporate news
Coinbase CEO Brian Armstrong said the US has entered a new era of cryptocurrency, predicting that by 2030 up to 10% of global GDP will be linked to the crypto industry.
The cryptocurrency market in the United States continues to evolve, facing challenges and new opportunities. Investors and market participants are advised to closely monitor regulatory changes and market trends to make informed decisions.
