• SEC’s Crypto Task Force Roundtable: The U.S. Securities and Exchange Commission (SEC) held its first public meeting of the Cryptocurrency Task Force to discuss the application of securities laws to digital assets. This initiative aligns with President Trump’s plans to revamp cryptocurrency regulations, aiming to reduce the regulatory pressure imposed during the previous administration. 
• Treasury Delists Tornado Cash: The U.S. Treasury Department has removed Tornado Cash, a cryptocurrency privacy tool, from its sanctions list. This decision highlights the evolving approach to regulating decentralized software. 
Government Initiatives:
• President Trump’s Pro-Crypto Stance: In a recent address, President Trump pledged to transform the United States into the leading Bitcoin superpower and global cryptocurrency hub. His administration plans to introduce clear regulations for stablecoins and market structures to stimulate investment and innovation in the crypto sector. 
Industry News:
• Coinbase’s Expansion: Coinbase is reportedly in advanced talks to acquire Deribit, a cryptocurrency derivatives exchange. This move signifies Coinbase’s efforts to strengthen its position in the crypto derivatives market. 
• Crypto-Friendly Establishments: Pubkey, a Bitcoin-friendly bar known for its relaxed atmosphere and acceptance of Bitcoin payments, is set to open a new location in Washington D.C.’s Penn Quarter. This reflects the growing influence of the cryptocurrency community in U.S. politics and culture. 
Legal Matters:
• Money Laundering Cases: Michael James Sloggett and Jamie Daniel Reiffel are facing charges related to money laundering through cryptocurrencies. Their cases highlight ongoing concerns about illicit activities in the crypto space. 
• Ripple Case Dismissed: The SEC has dropped its case against Ripple Labs, a cryptocurrency firm with ties to President Trump. Ripple’s CEO, Brad Garlinghouse, announced that the case “has ended,” marking a significant development for the company.