Today News
As of March 28, 2025, here are the latest developments in the cryptocurrency sector:
Regulatory Updates
European Union's Capital Requirements for Insurers: The European Insurance and Occupational Pensions Authority (EIOPA) has proposed a 100% capital requirement for insurers holding cryptocurrencies. This stringent measure aims to deter insurers from investing in digital assets like Bitcoin due to associated risks such as price volatility and market manipulation.
Financial Times
U.S. Senate Repeals IRS Crypto Rule: The Senate voted 70-28 to repeal an IRS rule that expanded the definition of a "broker" for tax reporting purposes within the cryptocurrency industry. The resolution now awaits President Trump's signature, who has indicated his support.
Axios
SEC Nominee Prioritizes Digital Assets: Paul Atkins, President Donald Trump's nominee for Chair of the Securities and Exchange Commission (SEC), emphasized a pro-cryptocurrency stance during his Senate confirmation hearing. Atkins criticized previous regulatory approaches and advocated for a rational framework to foster investment and capital formation in the digital asset sector.
Market Developments
BlackRock Launches Bitcoin ETP in Europe: BlackRock has introduced its first Bitcoin exchange-traded product (ETP) in Europe, aiming to meet the growing demand for cryptocurrency exposure in new markets.
Reuters
Interactive Brokers Expands Crypto Offerings: Interactive Brokers has added four new cryptocurrencies—Solana (SOL), XRP, Cardano (ADA), and Dogecoin (DOGE)—to its trading platform, broadening the range of digital assets available to its clients.
