Crypto Daily|Trump Reiterates U.S. Crypto Push; Bitcoin Maintains At $84K

Tiger Newspress
21 Mar

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Bitcoin maintains at $84K, down 0.2% 24H

Trump reiterates U.S. crypto push

President Donald Trump repeated Thursday the U.S. will "dominate crypto and the next generation of financial technologies," putting an end to the "regulatory war on crypto and bitcoin (BTC-USD)" under the previous Biden administration.

With the termination of what Trump called the "lawless" Operation Chokepoint 2.0, the president is seeking congressional approval for "landmark" stablecoin and market structure legislation creating "simple, common-sense rules," he said in a recorded message for Blockworks' Digital Asset Summit in New York.

SEC Clears Air on Crypto: Proof-of-Work Mining Not a Security Under Certain Conditions

The SEC clarified that PoW mining on permissionless networks isn’t deemed an “offer and sale of securities” under the 1933 Act if specific conditions are met.

The regulator stated that mining is an administrative activity — securing the network, validating transactions and earning rewards based on computational contribution.

The ruling applies to individual miners, mining pools and operators, aligning with the SEC’s broader move to drop lawsuits against major crypto firms.

Paul Atkins To Face Nomination Hearing for US SEC Chair Role Next Week

US Securities and Exchange Commission (SEC) Chairman nominee Paul Atkins will appear before the Senate Banking Committee for his long-awaited confirmation hearing in the coming week. The committee will decide whether Atkins is a suitable replacement for Gary Gensler and will also consider other pro-crypto nominations.

Before now, Paul Atkins served as a commissioner with the US SEC but is very supportive of digital asset initiatives. 

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Tuesday (Mar 20) was $165.75 million. The total net asset value of Bitcoin spot ETFs is $94.47 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.63%.

The Bitcoin spot ETF with the highest net inflow on Mar. 20 was iShares Bitcoin Trust , with a net inflow of $172.14 million. The second highest net inflow was VanEck Bitcoin Trust ETF , with a net inflow of $11.9 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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