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U.S. Legislative Developments:

Senate Banking Committee Advances Crypto Legislation: On March 13, 2025, the Senate Banking Committee passed bipartisan legislation establishing a regulatory framework for stablecoins. This marks a significant step toward integrating digital assets into the traditional financial system, reflecting growing political support for the cryptocurrency industry.

Executive Actions:

President Trump Announces U.S. Crypto Reserve: President Donald Trump unveiled the creation of a "Crypto Strategic Reserve," which will include cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano. This move aims to solidify the United States' position in the global digital asset landscape and has led to a surge in crypto markets.

Market Movements:

Bitcoin Approaches $100,000: Bitcoin's price has surged, nearing the $100,000 mark, driven by positive regulatory developments and increased institutional adoption. Investors are optimistic about the cryptocurrency's future prospects.

Industry Challenges:

Bybit Faces Significant Security Breach: Cryptocurrency exchange Bybit experienced a security breach resulting in the loss of approximately $1.46 billion in Ethereum. The company is actively working to address the situation and enhance its security measures.

International Developments:

Iran Intensifies Crypto Oversight Amid Economic Struggles: Facing economic challenges, Iran's government is increasing its control over cryptocurrency activities, aiming to stabilize its currency and prevent capital outflows.