Markets-wise, crypto was flat this week. Bitcoin was rangebound ($83,000 to $84,000). And the CoinDesk 20, which tracks about 80% of the market, stayed at about 2,600. Crypto prices suffered from being increasingly correlated with the wider financial markets, which are down on tariff worries and decreased corporate earnings. Some even said the bitcoin bull market was over.
But markets, of course, only tell part of the crypto story. There was a ton of stuff happening and much of it was positive for the industry’s future.
On the regulatory front, Washington agencies are gearing up for an historic “market structure” bill in Congress, Jesse Hamilton reported. Paul Atkins, someone who knows crypto intimately, is nearing confirmation as SEC Chair, as is OCC pick Jonathan Gould. Congress continues hearings on a stablecoin bill, as Tether continues to show its systemic importance (Kris Sandor reported). EU officials are fussing about
