# Policy Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Policy", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Bitcoin Policy Institute reps sound alarm on de minimis tax exclusion

The Bitcoin Policy Institute (BPI) has raised concerns that proposed U.S. legislation for a de minimis tax exemption on small cryptocurrency transactions may exclude Bitcoin, applying only to stablecoins. BPI’s head of strategy, Conner Brown, called this a "severe mistake," arguing that such an exemption would encourage Bitcoin’s use as a medium of exchange, not just a store of value. The bill, introduced by Senator Cynthia Lummis, proposes exemptions for crypto transactions under $300, with a $5,000 annual cap, and includes provisions for charitable donations and deferred taxes on mining and staking rewards. Critics question the need for stablecoin exemptions since their value is stable. High transaction fees, block times, and tax implications currently limit Bitcoin’s use as everyday cash, though the Lightning Network offers a faster, cheaper payment solution.

cointelegraph12/18 19:07

Bitcoin Policy Institute reps sound alarm on de minimis tax exclusion

cointelegraph12/18 19:07

The New York Times: After Trump's Return to the White House, Major Retreat in SEC's Crypto Lawsuits

In a significant policy reversal following Donald Trump's return to the White House, the U.S. Securities and Exchange Commission (SEC) has dramatically scaled back its enforcement actions against the cryptocurrency industry. An investigation by The New York Times found that over 60% of ongoing crypto-related cases were either paused, settled favorably, or dropped entirely under the new administration. Key findings include the SEC dropping seven crypto cases, five of which involved firms with known financial ties to Trump. An additional seven cases saw reduced charges or lenient settlements, with three linked to Trump associates. The remaining nine active cases involve entities with no known connection to the former president. The SEC stated its shift was based on legal and policy considerations, not political favoritism, citing long-standing internal opposition to many crypto lawsuits. However, the timing coincides with Trump’s pro-crypto stance and his family’s business ventures in the sector, including the World Liberty Financial project. Notable cases dropped or softened include those against Binance, Ripple Labs, and Gemini Trust. The latter is operated by the Winklevoss twins, who have financial and business ties to the Trump family. While no direct evidence of presidential pressure was found, the pattern suggests a stark departure from the aggressive enforcement seen under the Biden administration. The policy shift has raised concerns among former SEC officials about investor protection and market integrity, while the crypto sector celebrates reduced regulatory pressure.

marsbit12/16 09:22

The New York Times: After Trump's Return to the White House, Major Retreat in SEC's Crypto Lawsuits

marsbit12/16 09:22

New York Times Investigation: Internal Strife, Favoritism... What Details Lie Behind Trump's 'Crypto Amnesty'?

An investigation by The New York Times reveals a dramatic shift in the U.S. SEC’s enforcement approach toward the cryptocurrency industry following former President Donald Trump's return to office. The analysis of court records and internal documents shows the SEC halted, dropped, or softened more than 60% of ongoing crypto cases inherited from the Biden administration. Notably, the agency dropped seven cases outright—five of which involved defendants with public ties to Trump—and made concessions in seven others. In contrast, it maintained its legal stance only in cases where no clear connection to Trump existed. The SEC defended the policy reversal as based on legal and jurisdictional concerns, not political favoritism. The report highlights that multiple companies that benefited from the SEC’s pullback had financial links to Trump or his family—including through his cryptocurrency venture, World Liberty Financial—or had contributed to his political efforts. Examples include Binance, Ripple, Tron, Cumberland, and Gemini, operated by the Winklevoss twins. Under the Biden administration, the SEC filed 105 crypto-related cases, compared to zero since Trump’s return. Current and former SEC officials expressed concern that the agency’s retreat risks undermining investor protection and encouraging unchecked industry practices.

比推12/15 21:44

New York Times Investigation: Internal Strife, Favoritism... What Details Lie Behind Trump's 'Crypto Amnesty'?

比推12/15 21:44

Powell: Weakening Employment, Inflation Still High, No One Talks About Rate Hikes Now

In his latest address, Federal Reserve Chair Powell highlighted a noticeable cooling in the U.S. labor market, marked by slower hiring and reduced layoffs, declining challenges in recruitment, and diminished household expectations for job opportunities. The unemployment rate has risen to approximately 4.4%, with employment gains significantly weaker than at the start of the year. This slowdown stems partly from reduced labor supply—due to decreased immigration and lower participation rates—but also reflects weakening labor demand itself. On inflation, core PCE remains at 2.8% year-on-year, above the long-term 2% target. While goods inflation has edged up due to tariffs, service inflation continues to moderate. Although overall inflation has declined substantially from its 2022 peak, it has not yet reached a level that fully assures the Fed. The FOMC responded by cutting rates by 25 basis points and initiating short-term Treasury purchases to maintain ample reserves and ensure effective policy transmission. Powell emphasized that, with rising employment risks and persistently elevated inflation, there is no "risk-free" policy path. The Fed must carefully balance its dual mandate constraints. He noted that interest rates are nearing a neutral range, and future policy decisions will be data-dependent, avoiding preset directions and instead being assessed meeting by meeting based on economic conditions and risks.

marsbit12/11 04:02

Powell: Weakening Employment, Inflation Still High, No One Talks About Rate Hikes Now

marsbit12/11 04:02

Bitcoin (BTC) Year-End Push to $100,000 Largely Depends on Fed Policy Pivot Outcome

Bitcoin's potential to reach $100,000 by year-end is heavily dependent on the outcome of the U.S. Federal Reserve's policy shift. The recent 4% drop in Bitcoin, bringing it to a low of $88,140, highlights the market's sensitivity to monetary policy and credit risk. A key factor is the Fed's transition away from quantitative tightening, which concluded on December 1. Over the past six months, this policy has removed $1.36 trillion in liquidity from the financial system. The market is now pricing in a high probability of rate cuts, with expectations for three reductions by September 2026. Lower interest rates and increased systemic liquidity reduce the appeal of fixed-income assets, as seen with money market funds hitting a record $8 trillion. Simultaneously, rising credit risk in the tech sector, exemplified by Oracle's soaring debt protection costs, is pushing investors toward scarce assets like Bitcoin. Oracle, with $105 billion in debt, relies heavily on AI-driven revenues, and the market's growing concern over the sustainability of such debt-fueled growth is creating structural unease. This combination of the Fed's policy pivot, diminishing fixed-income appeal, and tech sector credit risk sets the stage for capital rotation into Bitcoin. The path to $100,000 appears clearer as these macroeconomic and credit dynamics converge.

cointelegraph_中文12/10 10:47

Bitcoin (BTC) Year-End Push to $100,000 Largely Depends on Fed Policy Pivot Outcome

cointelegraph_中文12/10 10:47

Regulatory Crossroads: The United States, Europe, and the Future of Crypto Assets

The article "Regulatory Crossroads: The US, Europe, and the Future of Crypto Assets" examines the divergent regulatory paths shaping the cryptocurrency landscape. It begins by contrasting Bitcoin’s origins as a decentralized, anti-establishment innovation with its current status as a heavily industrialized, energy-intensive asset. The piece draws parallels between the unregulated pre-1933 US stock market and today's crypto space, arguing that a shift from a libertarian "wild west" to a compliant asset class is inevitable. The US approach is portrayed as increasingly pragmatic and institutionally friendly. Key developments include the GENIUS Act, which mandates 1:1 Treasury backing for stablecoins, the repeal of restrictive accounting rules, and a perceived regulatory "regime change" at the SEC under Paul Atkins. This framework aims to integrate crypto into traditional finance, with major banks like JPMorgan now offering crypto-backed loans and the Treasury viewing stablecoins as tools for extending dollar hegemony. In stark contrast, the EU’s Markets in Crypto-Assets (MiCA) regulation is criticized as a risk-averse, innovation-stifling "bureaucratic masterpiece." Its high compliance burdens, treatment of crypto founders like sovereign banks, and effective ban on non-euro stablecoins like USDT are seen as creating a "regulatory moat" that drives talent and startups to more favorable jurisdictions like Switzerland and the UAE. The article concludes that the US is poised to become the dominant global crypto financial center by normalizing DeFi, while Europe risks becoming a "financial museum" due to its oppressive regulatory framework. It calls for urgent, decisive action to build a functional crypto industry that protects investors and allows for safe institutional capital entry before the window of opportunity closes.

深潮12/10 03:43

Regulatory Crossroads: The United States, Europe, and the Future of Crypto Assets

深潮12/10 03:43

Fed's $400 Billion Liquidity Signal: Bitcoin Under Pressure Awaits a Breakthrough

Bitcoin's price appears stable but is under significant structural pressure, with investors facing nearly $500 million in daily losses and over 6.5 million BTC held at unrealized losses. This coincides with a potential shift in U.S. monetary policy, as the Federal Reserve ends its quantitative tightening program—which reduced its balance sheet by $2.4 trillion—and signals a move toward "Reserve Management Purchases." This could inject over $400 billion annually in liquidity by reinvesting in short-term Treasuries. Market attention is focused on Fed Chair Powell’s upcoming remarks regarding labor market softening and the timing of liquidity expansion. A clear signal toward reserve rebuilding could push Bitcoin above the $92k–$93.5k resistance, while a cautious tone may keep it range-bound between $75k–$82k. Despite miner capitulation and weak short-term holder sentiment, large wallets are accumulating Bitcoin, exchange reserves are declining, and stablecoin inflows suggest latent demand. This combination of pressure and accumulation often precedes a market bottom. Bitcoin’s next major move hinges on the Fed’s liquidity signals and broader macroeconomic conditions.

深潮12/09 05:22

Fed's $400 Billion Liquidity Signal: Bitcoin Under Pressure Awaits a Breakthrough

深潮12/09 05:22

活动图片

Hot Categoriesright-arrow

Hot Tagsright-arrow

Indepth Research

Technology Trends