US President Donald Trump has signed an executive order repealing Internal Revenue Service demands for Decentralized Finance (DeFi). The federal agency considered DeFi brokers and required tracking and reporting user activity.
Charles Hoskinson, the founder of the Cardano blockchain, told CNBC that the crypto market will grow and Bitcoin may hit $250,000 by the end of 2025. The key drivers will be the easing of global trade tensions, as well as the expected Federal Reserve’s (Fed) rate cut.
Paul Atkins has recently taken the helm of the US Securities and Exchange Commission (SEC). With the official holding office, there may be a sudden shift in how the agency regulates.
Bitcoin is becoming a more prominent player in international trade, especially for countries looking to bypass US control over their financial systems. This week, Russia and China announced plans to use the decentralized cryptocurrency for energy payments, Reuters said in a report.
The recent plunge in global financial markets has sparked greater anxiety among investors, particularly due to a significant drop in Bitcoin. Coinotag believes that this decline illustrates geopolitical tensions driving growing volatility.
The CNY publication is expected
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