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🌙 SEC Withdraws Appeal As Crypto Industry Pushes Back

The U.S. Securities and Exchange Commission (SEC) has withdrawn its appeal against a court ruling that struck down its broker-dealer rule, signaling a potential shift in its approach to cryptocurrency regulation.

Author

Mike Gavela
February 20, 2025

Crypto Roundup - February 20

In the dynamic landscape of cryptocurrency, recent events have signified both strategic growth and regulatory evolution. The SEC has recently withdrawn its appeal in a case involving a crypto broker-dealer, signaling a potentially less aggressive stance on crypto regulations which has been perceived positively by the industry. Meanwhile, Litecoin is making significant strides, with plans to launch the third U.S. spot crypto ETF, expected to attract substantial first-year inflows. On the institutional side, Bitcoin's adoption is set to deepen, with projections seeing its value potentially reaching $200,000 by 2025, driven by continued institutional investment and the positive impacts of market consolidation and advanced technologies like AI on mining operations.

Top Stories

  • SEC Shifts Gears: The SEC has withdrawn its appeal in a significant crypto case, hinting at a more accommodating regulatory environment for the crypto industry.

  • Litecoin's ETF Aspirations: Litecoin is positioned to become the third U.S. spot crypto ETF, potentially drawing between $290 million to $580 million in its first year.

  • Bitcoin's Bullish Forecast: Projections suggest that Bitcoin could hit $200,000 by 2025, bolstered by institutional investments and a robust mining sector enhanced by AI technologies.

TOP STORIES

SEC Withdraws Appeal as Crypto Industry Pushes Back

The U.S. Securities and Exchange Commission (SEC) has withdrawn its appeal against a court ruling that struck down its broker-dealer rule, signaling a potential shift in its approach to cryptocurrency regulation. This decision follows industry backlash and a legal challenge that questioned the agency’s authority to impose stricter oversight on decentralized platforms. In early 2024, […]

cryptocoin.news/news/sec-withdraws-appeal-as-crypto-industry-pushes-back-126303

Ethereum Transaction Fees Hit 4-Year Low Amid Declining Onchain Demand - TokenPost

Ethereums transaction fees have dropped to a four-year low, signaling reduced onchain activity. According to The Blocks Data Insights, the 7-day moving average (7DMA) of Ethereum transaction fees fell to $0.77 on February...

www.tokenpost.com/news/investing/14110

Metaplanet expands Bitcoin reserves with 68 BTC, now holds 0.01% of total supply

Japanese investment firm Metaplanet has expanded its Bitcoin holdings with a $6.6 million purchase, bringing its total to 2,100 BTC

crypto.news/metaplanet-expands-bitcoin-reserves-with-68-btc-now-holds-0-01-of-total-supply

FUNDRAISING

OTHER HEADLINES

Strategy to buy $2 billion more in Bitcoin as Metaplanet reaches milestone

Strategy to acquire $2 billion in additional Bitcoin as Japan's Metaplanet aims for 21,000 BTC by 2026.

cryptoslate.com/strategy-to-buy-2-billion-more-in-bitcoin-as-metaplanet-reaches-milestone

New Microsoft quantum chip advances threat as Bitcoin reviews BIP360 for quantum resistance

Bitcoin safe for now from quantum threats but technology progresses.

cryptoslate.com/new-microsoft-quantum-chip-advances-threat-as-bitcoin-reviews-bip360-for-quantum-resistance

SEC approves first yield-bearing stablecoin YLDS with 3.85% APR

The SEC's approval of YLDS marks the first yield-bearing stablecoin security, offering 3.85% APR and addressing regulatory compliance.

cryptobriefing.com/yield-bearing-stablecoin-sec-approval

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