The past and future of crypto in the U.S.
The crypto world has had a turbulent period regarding the U.S. presidency. Biden’s policies focused on regulating the crypto market. Although supervision under his administration was sometimes criticized for a lack of clarity, important developments were achieved, such as the approval of spot Bitcoin and Ethereum ETFs and growing interest from institutional investors. Trump has positioned himself as a supporter of Bitcoin and crypto, with plans for a national Bitcoin reserve. His goal is to make the U.S. the “crypto capital of the world. The next few years will show how this approach will affect the crypto world.
Bitcoin as gold of the digital age?
Gary Gensler, the former chairman of the U.S. Securities and Exchange Commission (SEC), compared Bitcoin (BTC) to gold in his farewell interview. He called it a highly speculative and volatile asset, but acknowledged the global interest in it, as with gold. This comparison suggests a potential role as a store of value. Although Gensler does not consider Bitcoin a security (financial instruments), he sees many other crypto currencies as a risk to investors. He emphasizes that many crypto projects must comply with securities laws.
Dubai builds world’s first crypto tower
Dubai is further cementing its position as a global innovation hub with the construction of the world’s first 17-story crypto tower.Located in the Jumeirah Lakes Towers (JLT), this project is a collaboration between Dubai Multi Commodities Centre (DMCC) and REIT Development.The tower will serve as a central hub for companies in Blockchain, Web3 and DeFi.The building will include offices, blockchain incubators, AI innovation hubs, a crypto club, an NFT gallery, and a gold store.The project is expected to be completed in the first quarter of 2027.
