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🌙 US Lawmakers Form Working Group To Draft Crypto Rules

US lawmakers form a working group to draft crypto rules as the Trump administration explores a national Bitcoin reserve plan.

Author

Mike Gavela
February 04, 2025

In partnership with

Crypto Roundup - February 4

In recent developments within the U.S. cryptocurrency sector, a new working group formed by U.S. lawmakers is set to draft clearer crypto regulations, aimed particularly at integrating digital assets into national financial systems. Concurrently, the SEC has launched a Crypto Task Force, spearheaded by Commissioner Hester Peirce, to enhance regulatory clarity and establish a structured framework that fosters innovation while ensuring investor protection. Additionally, recent tariff changes introduced by the Trump administration have significantly influenced market dynamics, resulting in record trading volumes for Ether ETFs in the U.S.

Top Stories

  • U.S. Lawmakers Form Working Group: To create comprehensive crypto regulations and integrate digital assets into the financial system.

  • SEC Establishes Crypto Task Force: Led by Commissioner Peirce to provide clearer regulatory guidelines and foster legitimate crypto innovations.

  • Record Trading Volumes for Ether ETFs: Spurred by new tariffs, demonstrating the market's sensitivity to regulatory and political changes.

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TOP STORIES

US lawmakers form working group to draft crypto rules as Bitcoin reserve plan gains traction

US lawmakers form a working group to draft crypto rules as the Trump administration explores a national Bitcoin reserve plan.

cryptobriefing.com/us-lawmakers-crypto-working-group

SEC Commissioner Hester Peirce outlines Crypto Task Force priorities for digital asset regulation

Hester Peirce outlines the SEC’s Crypto Task Force plans to clarify digital asset rules, focusing on regulatory clarity and innovation.

cryptobriefing.com/sec-crypto-regulation-task-force

US Ether ETFs Hit Record Volume as Trump Tariffs Rattle Market

US exchange-traded funds investing in Ether saw record trading volumes on Monday as leveraged positions in the digital asset unwound sharply, rattled by ongoing trade tensions under President Donald Trump.

www.bloomberg.com/news/articles/2025-02-04/us-ether-etfs-hit-record-volume-as-trump-tariffs-rattle-market?embedded-checkout=true

FUNDRAISING

Taproot Wizards Raise $30 Million in Series A Funding Round at Mossad HQ, Tel Aviv - "The Defiant"

The Taproot Wizards team has successfully raised $30 million in a Series A funding round, marking a significant milestone for the organization

thedefiant.io/news/nfts-and-web3/taproot-wizards-raise-30-million-series-funding-round-mossad-hq-tel-aviv-8d0d54f9

OTHER HEADLINES

Berachain to Launch Mainnet and Airdrop on Feb. 6 - "The Defiant"

The highly anticipated Proof-of-Liquidity Layer 1 ecosystem is set to launch its token and mainnet later this week.

thedefiant.io/news/blockchains/berachain-to-launch-mainnet-and-airdrop-on-feb-6

Ether to become net-inflationary over 2 years after PoS Merge

With a current daily positive supply of just over 1,570, ether is projected to become net-inflationary in just over 24 hours.

protos.com/ether-to-become-net-inflationary-over-2-years-after-pos-merge

Flash Crash Means Bitcoin Trades Higher in Korea as Kimchi Premium Soars - Decrypt

Bitcoin is more expensive in South Korea again following Monday's flash crash—a phenomenon dubbed "Kimchi premium."

decrypt.co/304368/bitcoin-korea-kimchi-premium-soars

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