In the crypto sector, there have been new IRS regulations for crypto DeFi brokers, speculation about the creation of US bitcoin reserves, and the anticipation of a pro-crypto government. However, there are other stories that may have been overlooked but have the potential to drive innovation and adoption. Ripple has benefited from the resignation of Gary Gensler and is working on a significant project that will impact the crypto market. The launch of the Ripple stablecoin RLUSD solidifies the importance of stablecoins in driving adoption. The idea of stockpiling crypto, like El Salvador's national bitcoin stockpile, is not losing popularity and other nations like Bhutan are following suit. The push for strategic crypto reserves is happening globally. The antagonistic regulatory environment in the US has been a hurdle for wider crypto adoption, with recent revelations about campaigns like Operation Chokepoint 2.0. Transparency and productive conversations between industry and regulators are hoped to increase as governments prioritize transparency. Bitcoin will continue to dominate headlines, but investors and policy advocates should pay attention to these other stories in the crypto sector in 2025.
String of X hijacks continues as hackers access accounts of Litecoin, Foresight Ventures, and others