"Bitcoin Braces for Big Move as US Government's Crypto Stance Shifts"

Bitcoin Poised for a Major Price Move as US Government’s Crypto Stance Looms

The cryptocurrency market is abuzz with anticipation as the US government's stance on digital assets continues to evolve. Bitcoin, the world's largest cryptocurrency, is expected to experience a significant price move in the coming months, driven by the government's regulatory approach towards cryptocurrencies.

In recent developments, the US Securities and Exchange Commission (SEC) has hired over 50 lawyers and staff members for crypto enforcement actions, signaling a shift in the regulatory landscape. This move, under the leadership of pro-crypto President Donald Trump, is seen as a push to propel the digital asset and blockchain industry to new heights, following the stricter policies of Gary Gensler.

The new SEC Chair, Mark T. Uyeda, has appointed pro-crypto advocate Hester Peirce as a commissioner of the SEC’s new crypto enforcement unit. Peirce, who previously called the SEC's policies unclear and impractical, aims to create a task force to establish a regulatory framework that allows industry participants to innovate while preventing fraud.

The crypto enforcement unit, initially launched in 2017, has expanded under previous leaderships and handled nearly 200 cases against significant crypto players such as Coinbase and Ripple Labs. In 2024, fraud and unregistered securities offerings were the most frequent allegations made by Gensler’s SEC, with monetary penalties reaching a record high of over $4.98 billion.

Analysts and experts speculate that Trump's SEC is expected to take a more favorable stance toward the crypto landscape, in contrast to Gensler's tough approach. This support could boost innovation and investment, while critics worry it may weaken consumer protections and enable scams to thrive. The future of crypto regulation remains uncertain, keeping both investors and regulators on edge.

Meanwhile, DePIN has emerged as a key focus of US cryptocurrency policy, with the Washington Blockchain Association naming IoTeX as co-chair of its DePIN Working Group. Larry Pang, Head of the IoTeX ecosystem, will co-lead this working group with Jacob Hample from the Filecoin Foundation to advance policy making in the US crypto industry regarding DePIN.

The association's Government Relations Director, Ron Hammond, pointed out that the US lacks clear crypto regulations, leaving