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When reviewing the big cryptocurrency headlines in 2024, we journalists are always looking for a follow-up. A lot has to come in this new year.
You are aware of the demand for Bitcoin and Ether ETFs in the US that hit the market last year. But whether we will see similar US funds holding other crypto assets (eg Solana, XRP) is a big question for 2025.
Who will be the biggest new adopters of the current BTC and ETH offerings? We know a lot of Retirement funds, Wealth managers Other institutions are still on the sidelines.
Let us also remember how Morgan Stanley's advisors began to do this Pitch Bitcoin ETFs For specific clients? We will continue to monitor such developments from other wires.
Oh yeah, it will change the vanguard Closed position On encryption? Evidence suggests it will take longer than 2025 before that happens. Another one: Schwab will launch Instant crypto ETF?
Going forward, Donald Trump's cryptocurrency promises are Well documented. But what exactly is it? Nominated by Paul Atkins It will also mean the head of the SEC, and whether A US Bitcoin Reserve It is established, it remains to be seen.
Can the Securities and Exchange Commission Cancel SAB121? If so, how quickly? Getting rid of that guidance appears to be an easy, quick win for the new agency's management, Ava Labs' deputy general counsel, Wei Ming-chun, told me last month.
We are also looking for progress About FIT21 and US stablecoin legislation.
“People in Congress seem to realize that these two items are a big priority, and a lot has been accomplished and discussed over the past 18 months and hopefully there will be enough to move forward,” Chun said.
While the United States lagged behind other regions in implementation Regulatory frameworks for cryptocurrenciesHe added that taking action on these provisions would turn this on its head.
“We have a lot of jurisdictions around the world that have put out consultation papers, gotten all the comments and (established) laws and amended laws,” Chun said. “I think they will look at what the United States is doing and maybe they will have to adjust their systems.”
Today, Rep. French Hill appointed Alison Behuniak as Director of Policy for the House Financial Services Committee. She was most recently the Staff Director for the Subcommittee on Digital Assets - A A promising sign.
There is also an opportunity for more cryptocurrency companies Go public this year. We are looking at you, circleKraken and Shape techniques.
Aside from BlackRock's dominance so far in the spot cryptocurrency ETF space, the company has launched Premium money market fund In March. Franklin Templeton launched a similar offering in 2021. The funds collectively have about $1.2 billion in assets.
We will see if some predictions for the RWA coding sector Increased 10x (to about $50 billion) this year was too bullish - or not enough. We've heard it will Depend on Organizations see enough value in emerging use cases.
Bottom line: 2025 will tell us a lot about the cryptocurrency space path - On these topics and beyond.
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