Regulation
Crypto Czar David Sacks Teases Major Announcements, What To Expect?

Crypto Czar David Sacks has confirmed that some big announcements are coming in the US crypto policy ahead. President Donald Trump signed an executive order last month asking Sacks and his team to review the possibility of Bitcoin reserve. Since then, the inter-agency Working Group has become active in working on different regulatory requirements with the US SEC and CFTC, coordinating joint efforts.
US Crypto Policy Under Coordinated Efforts, Says David Sacks
With crypto regulations taking center stage in Wahington, concerns about potential overlap among key policymaking groups are surfacing. The SEC’s crypto task force, the CFTC’s pilot program, the Presidential Working Group, and Congress’s Bicameral Working Group for Digital Assets, etc have all been in action. However, this has led to a question of whether too many cooks will spoil the show for crypto regulations.
But crypto policy experts said that there’s nothing much to worry about adding that these groups are actively coordinating efforts and working collaboratively. For e.g crypto czar David Sacks associate Bo Hines met with Hester Peirce, head of the SEC’s crypto task force, and Acting CFTC Chair Caroline Pham.
At the same time, industry representatives from the Blockchain Association and Digital Chamber of Commerce have also engaged with the task force on topics ranging from ETF staking to stablecoin regulations. Some of these representatives will also participate in a CFTC-hosted CEO forum while addressing the issue of using tokenized assets and stablecoins as collateral in the futures market. David Sacks confirmed this development stating:
“The inter-agency Working Group on Digital Assets is working well together to implement the President’s agenda. Bo Hines is doing a fantastic job as Executive Director keeping everyone coordinated. Some important announcements are coming soon”.
Additionally, as former agency staffers move into Congressional roles, they are forming closer ties. Representatives French Hill and Bryan Steil affirmed that the House’s Bicameral Working Group for Digital Assets is aligned with Senate counterparts and the Presidential Working Group in drafting legislation.
Key Decision Undertaken By Trump Administration
Following Donald Trump taking charge of the White House, his administration has been quick in introducing pro-crypto measures and reversing some of the wrongs of the previous administration.
Soon after Gary Gensler’s exit following the Trump oath-taking, the U.S. Securities and Exchange Commission (SEC) decided to repeal the controversial SAB 121 accounting rule which prevented banks from working with digital asset firms.
The Federal Deposit Insurance Corporation (FDIC) plans to update its guidelines, enabling U.S. banks to handle crypto assets and provide tokenized deposits without requiring prior regulatory approval.
In the latest development, a U.S. judge has paused the SEC’s lawsuit against Binance for 60 days to allow a new task force to review crypto regulations. A status report is expected by April 14.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Regulation
Will Crypto Market Crash Tomorrow After Federal Reserve Interest Rate Decision?

The cryptocurrency market is monitoring the upcoming Federal Open Market Committee (FOMC) meeting, which is set to conclude on March 19, 2025. Investors are awaiting the Federal Reserve’s stance on interest rates, as any adjustments could influence the crypto market.
Federal Reserve Expected to Hold Interest Rates Steady
The Federal Reserve is widely expected to maintain the current interest rate range between 4.25% and 4.5% after its March meeting. Despite ongoing speculation about potential cuts, Federal Reserve Chair Jerome Powell has consistently indicated caution in adjusting rates. Powell points to inflation concerns and global economic uncertainties.
Some economists suggest that rate cuts may not occur until later in the year. Consequently, Fed rate cuts are projected around June 2025, as inflation remains a focal point of monetary decisions. Powell’s post-meeting press conference at 2:30 p.m. ET is expected to provide further insight into the Fed’s future approach.
With the Federal Reserve’s FOMC meeting expected to conclude tomorrow, crypto investors remain on edge about interest rate decisions. While market analysts predict that rates will stay unchanged, uncertainty surrounding inflation, trade policies, and economic growth continues to fuel volatility.
Crypto Market To Crash?
Bitcoin (BTC) has been fluctuating around $85K as the crypto market is in a volatile phase before the FOMC announcement. Many traders believe a crypto market crash could follow if the Fed signals a prolonged period of high interest rates.
Specifically, higher interest rates usually benefit more traditional types of investments such as bonds and savings accounts. As a result of this, capital is leaked from riskier assets such as cryptocurrencies. Conversely, rate cuts can boost liquidity and drive more money into speculative assets, including Bitcoin and altcoins.
But the Fed has stayed hawkish for a while, keeping rates higher, in order to curb inflation. Under these conditions, the crypto market is struggling, and a lot of investors are expecting relief from rate cuts in 2025. While inflation seems to be cooling, with the U.S CPI falling from 3.1% to 2.8%, this may not be enough to stop the Fed easing its policy.
Incase the Federal Reserve signals that rate cuts are approaching, a surge in altcoin prices could follow. This is because increased liquidity would likely encourage higher risk appetite among traders.
However, if the central bank keeps rates high for an extended period, crypto markets may decline. Tightening financial conditions could drive further losses.
With investors awaiting Powell’s remarks, the next 24 hours could determine whether the market stabilizes or experiences a crypto market crash.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Regulation
Coinbase CLO Slams US Treasury for Defying Court Ruling In Tornado Cash Case

Coinbase Chief Legal Officer Paul Grewal has criticized the U.S. Department of Treasury for failing to comply with a court ruling related to the sanctions placed on Tornado Cash. His statements come after the Treasury indicated its intention to defy parts of a Fifth Circuit Court decision that challenged the legality of the sanctions.
US Treasury’s Response to the Court Ruling
The Fifth Circuit Court of Appeals recently ruled that the action by the U.S. Treasury Department was unlawful as it put Tornado Cash on the Specially Designated Nationals (SDN) list. The court noted that Tornado Cash’s smart contract was non-erasable, so it did not constitute “property” under the International Emergency Economic Powers Act (IEEPA).
However, the Treasury has expressed willingness not to abide to the order of the court fully, but rather wants to suggest for remand for the proceedings.
In a sequence of tweets, Paul Grewal criticized the Treasury by stating that he was disappointed by its decision. He stated that though the court has dismissed the arrangement through which the Treasury listed Tornado Cash, that the Treasury is still looking to partially delist the entity.
“They say trust us,” Grewal said, referring to the Treasury’s assurance that it will abide by the ruling on the grounds that doing so may compromise national security. Grewal stated that the Treasury exceeds its authority erasing the Congress direction thus reviving the problems that led to a court case in the first place.
Court Decision on Tornado Cash
The Fifth Circuit came to the decision in December 2024 to resolve whether Tornado Cash’s smart contracts are properties that are prohibited from U.S. sanctions. The court further held that immutable smart contracts could not be considered as property under IEEPA.
It separated them from changeable smart contracts which could be managed and employed for unlawful purposes. Thus, the court did not question the Treasury’s ability to sanction Tornado Cash as an entity but addressed its treatment of the smart contracts only.
The ruling was seen as a significant blow to the Treasury’s case. However, the court did not provide a broad ruling on the legality of the Treasury’s decision to sanction Tornado Cash as a whole. Instead, it stated that these immutable contracts did not meet the definition of property under IEEPA and could not be blocked as part of the sanctions process.
Treasury’s Proposed Action Moving Forward
Despite the court ruling, the U.S. Treasury is proceeding cautiously. The agency has stated that it plans to remand the issue to the Department of the Treasury and the Office of Foreign Assets Control (OFAC) for further review. The Treasury has also indicated that it will begin the process of removing Tornado Cash from the SDN list, although no specific timeline has been provided.
Grewal has voiced concerns about the Treasury’s proposed approach. He noted that rather than fully comply with the court’s decision, the Treasury appeared to be looking for ways to maintain sanctions on Tornado Cash. This, according to Grewal, is a continuation of the same actions that led to the legal challenge in the first place.
However, the plaintiffs in the case, including Coinbase, plan to file a reply to clarify their position and ensure the Treasury complies with the court’s decision.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Regulation
Nasdaq Files 19b-4 For 21Shares Polkadot ETF With US SEC

Nasdaq has filed Form 19b-4 with the U.S. Securities and Exchange Commission (SEC), seeking approval to list 21Shares’ spot Polkadot ETF. This move would allow investors to gain exposure to Polkadot’s native cryptocurrency, DOT, without directly holding the asset.
Nasdaq Files 19b-4 For 21Shares Polkadot ETF
According to a recent filing, Nasdaq has filed Form 19b-4 for a spot Polkadot ETF on behalf of 21Shares. The proposed ETF will track the spot price of Polkadot’s DOT token, the 27th largest cryptocurrency by market capitalization.
The filing follows 21Shares’ earlier submission of an S-1 amendment, in which the company detailed its plan to provide a regulated investment vehicle for digital asset exposure.
As the sponsor of the fund, 21Shares aims to provide a secure and accessible means for investors to participate in the growth of Polkadot without the need for direct ownership of DOT. In addition to the Polkadot ETF, the company is seeking approval for other ETFs related to digital assets such as Solana and XRP.
This Is A Developing News, Please Check Back For More
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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