Crypto markets have remained relatively stagnant, with Bitcoin hovering around $27,514 and Ethereum at $1,845. This flat position indicates that crypto markets in this region are waiting for some kind of action, likely from the expected mixed bag of tech earnings from the U.S. Microsoft and Alphabet are scheduled to report their earnings on the 25th of April, and their success or failure is likely to influence crypto markets.

The Security and Exchange Commission (SEC) is also imposing its authority over the crypto market in the U.S. by taking on individuals such as Do Kwon, who is jailed in Montenegro on charges of selling unregistered securities. However, his attorneys have argued that UST – the digital asset in question – is a currency, not a security.

In comparison to the U.S., many Asian countries are instead taking a more regulated approach to cryptocurrency by creating their own legal frameworks specifically designed to define and regulate cryptocurrency. Countries such as Singapore, Hong Kong and Taiwan have been setting their own rules, attempting to properly define cryptocurrency rather than applying outdated rules.

Ultimately, Do Kwon’s case could have significant implications for the future of crypto in the U.S., as it could set a precedent for regulators and create a push for regulatory clarity. In the event of a change in the law, it is likely to have an impact on the way in which the crypto market behaves, though it is attributed to an individual’s missteps.



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