Trump becomes first US sitting president to speak at a crypto conference
US President Donald Trump has been making headlines in the crypto industry recently, as he becomes the first sitting president to speak at a crypto conference. On March 20, Trump addressed the Blockworks Digital Asset Summit in a pre-recorded statement, where he reiterated his commitment to making the US the “crypto capital of the world.”
In his speech, Trump praised the recent regulatory changes in the crypto industry and acknowledged the potential for pioneers in the field to improve the banking and payment system, promote privacy and security, and drive economic growth. He also highlighted the role of stablecoins in expanding the dominance of the US dollar for years to come.
This is not the first time Trump has shown support for the crypto industry. He has signed several pro-crypto executive orders, including one that established a Bitcoin strategic reserve and another that commissioned a working group on digital assets.
However, not everyone in the crypto community is thrilled about Trump’s involvement. The White House Crypto Summit, which took place on March 7, received mixed reactions from investors and executives. While some saw it as a positive step towards regulatory clarity, others criticized it as a gathering of lobbyists pushing for state-approved surveillance tokens.
The summit also sparked a decline in the price of Bitcoin, which dropped by 7.3% in the days following the event. This was partly due to the Bitcoin strategic reserve order, which stated that the government could only acquire more BTC through budget-neutral strategies.
Despite the mixed reactions, it is clear that the crypto industry is gaining more attention and support from the US government. And with Trump’s commitment to making the US the “crypto capital of the world,” it will be interesting to see how the industry continues to evolve and grow in the coming years.
TON-based XDAO protocol grants legal status to 367k DAOs
XDAO, a protocol based on The Open Network (TON), has enabled over 367,000 decentralized autonomous organizations (DAOs) to achieve legal status through its initiative that automates legal recognition for such organizations. In an announcement, XDAO said it had streamlined the DAO creation process to allow DAOs to achieve legal status. An XDAO spokesperson told Cointelegraph that the protocol offers a standard for other “sub-entities” within its legal framework. “Basically, those sub-entities exist both in relation to each other and outside entities that had acknowledged their existence and assented to some articles of the XDAO Labs’ Constitution,” the spokesperson told Cointelegraph. XDAO added that the parties recognize Singapore, where XDAO Labs is incorporated, as the primary jurisdiction where disputes may be resolved if necessary. Signing legally-binding documents through Telegram botsThe protocol also said it could enable the signing of legally binding documents using Web3 wallets. XDAO said DAOs could archive their transactions using a Telegram bot. When asked about the security and practicality of its Telegram bot-based legal framework, the XDAO spokesperson said agreements formed through the messenger work in “most jurisdictions.” However, the XDAO representative outlined its limitations, including “real estate, securities, and other matters that call for a prescribed procedure for the contract’s formation.” The spokesperson told Cointelegraph: “However, when making agreements through a Telegram bot, it is important to approach the recording of all details and specifics responsibly, as this can later facilitate dispute resolution.”The spokesperson added that the bot can store information that DAO participants consider significant. It can even be used to conduct basic Know Your Customer procedures. Related: Texas court issues judgment against Bancor DAO after it ignored summonsHow smart contract-based compliance would work in practiceWhen asked how their smart contract compliance models would work in arbitration scenarios, XDAO said the parties could form valid arbitration agreements through messenger or e-signature methods such as Docusign and Ethsign. This requires personalities to be firmly established and the “intention to adjudicate the dispute is clearly expressed.” “Arbitration is a commonly recognized dispute resolution procedure, which exists under influential international conventions. Those conventions do not specify the exact way of making an arbitration agreement, apart from it being in writing,” the spokesperson told Cointelegraph. The spokesperson added that if payment is required, an arbitrator can be added to the DAO with the right to a key vote. This would allow them to sign a transaction with their digital signature if the parties fail to reach a consensus. Magazine: Ridiculous ‘Chinese Mint’ crypto scam, Japan dives into stablecoins: Asia Express
Russian Gotbit founder strikes $23M plea deal with US prosecutors
Aleksei Andriunin, a Russian national charged with manipulating cryptocurrency through the Gotbit market maker platform, has reportedly struck a plea deal with prosecutors in the United States.Gotbit founder and CEO Andriunin has agreed to forfeit about $23 million in Tether USDt (USDT) and Circle’s USDC (USDC) in a plea deal with Massachusetts federal prosecutors, the legal news service Law360 reported on March 19.As part of the plea, Andriunin will plead guilty to three counts charging conspiracy to commit wire fraud and market manipulation, according to the letter signed by the defendant on March 19.An excerpt from letters in the Gotbix founder case related to the $23 million forfeiture as part of the plea with Massachusetts prosecutors: Law360 “Defendant understands and agrees that forfeiture shall not satisfy or affect any fine, lien, penalty, restitution, cost of imprisonment, tax liability or any other debt owed to the United States,” the letter reads.The agreement doesn’t bind the US Attorney GeneralIn the letter to the defendant, the US Attorney for the District of Massachusetts, Leah Foley, stressed that the agreement to forfeit $23 million is only between Andriunin and the attorney.“It does not bind the Attorney General of the United States or any other federal, state, or local prosecuting authorities,” the letter reads.The letter also states that the defendant understands that the court is not required to follow proposed sentencing calculations within the guidelines from the Massachusetts attorney.An excerpt from legal letters in the Gotbix founder case related to sentencing guidelines with Massachusetts prosecutors: Law360 “Defendant may not withdraw defendant’s guilty plea if defendant disagrees with how the court calculates the guidelines or with the sentence the court imposes,” attorney Foley wrote.Andriunin was extradited to the US in October 2025Gotbit founder’s deal with Massachusetts prosecutors came months after Andriunin was extradited to the US in October 2024 after being arrested by Portuguese authorities.Since extradition, Andriunin has appeared in a federal court in Boston, Massachusetts, where he was ordered to remain detained until further notice.Andriunin, 26, was charged with wire fraud and conspiracy to commit market manipulation and wire fraud in a superseding indictment in October 2024.Source: Alex Andriunin According to Massachusetts court documents, Gotbit was a crypto “market maker” that orchestrated a “widespread cryptocurrency market manipulation scheme.” The platform was registered in Belize and was said to provide artificial trading volume for global firms, including those in the US, between 2017 and 2024.Related: Telegram founder Pavel Durov given permission to leave FranceApart from Andriunin, the criminal complaint from Massachusetts authorities in September 2024 also involved other Gotbit employees, such as marketing director Fedor Kedrov and sales director Qawi Jalili, both living in Russia.In the plea letter, Massachusetts attorney Foley mentioned that the assets listed in the forfeiture section of the Gotbit plea agreement are solely controlled by the defendant on Gotbit’s behalf despite these assets belonging to Gotbit.Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plunge
Sanctioned crypto exchange Garantex shifts millions as it reboots platform
Shuttered crypto exchange Garantex is reportedly back under a new name after laundering millions in ruble-backed stablecoins and sending them to a freshly created exchange, according to a Swiss blockchain analytics company. Global Ledger claims the operators of the Russian exchange have shifted liquidity and customer deposits to Grinex, which they say is “Garantex’s full-fledged successor,” in a report released to X on March 19.“We can confidently state that Grinex and Garantex are directly connected both onchain and offchain.”“The movement of funds, including the systematic transfer of A7A5 liquidity, the use of one-time-use wallets, and the involvement of addresses previously associated with Garantex, provides clear onchain proof of their link,” the Global Ledger team said in the report.After completing its investigation on March 13, Global Ledger says it had found onchain data showing Garantex laundered over $60 million worth of ruble-backed stablecoins called A7A5 and sent them to addresses associated with Grinex.Global Ledger claims Garantex has moved all its funds over to a newly launched exchange and is back in business. Source: Global Ledger“In this case, the burning and subsequent minting process was used to launder funds from Garantex, allowing new coins to be minted from a system address with a clean history,” the team said.A Garantex manager also reportedly told Global Ledger that customers have been visiting the exchange office in person and moving funds from Garantex to Grinex.“Additionally, offchain indicators, such as transactional patterns, commentaries and exchange behaviors, further reinforce this connection,” it said.The report also points to a description of Grinex on the Russian crypto tracking site CoinMarketRating, claiming that the owners of Garantex created it. The reports said this shows “Grinex is not an independent entity but rather a full-fledged successor to Garantex, continuing its financial operations despite the exchange’s official shutdown.”Source: Global LedgerBy March 14, the volume of incoming transactions on Grinex was nearly $30 million, according to Global Ledger. CoinMarketRating shows that the trade volume for the month is now over $68 million, with spot trading topping $2 million.The US Department of the Treasury’s Office of Foreign Assets Control first hit Garantex with sanctions in April 2022 for allegedly money laundering violations.Related: US, UK, Australia sanction Zservers for hosting crypto ransomware LockBitOn March 6, the US Department of Justice collaborated with authorities in Germany and Finland to freeze domains associated with Garantex, which they claim processed over $96 billion worth of criminal proceeds since launching in 2019.Stablecoin operator Tether also froze $27 million in Tether (USDT), on March 6 which forced Garantex to halt all operations, including withdrawals.Only a few days later, on March 12, officials with India’s Central Bureau of Investigation arrested Aleksej Bešciokov, who allegedly operated Garantex, on US charges that included conspiracy to commit money laundering. Magazine: How crypto laws are changing across the world in 2025
Bitcoin may recover to $90k amid easing inflation concerns after FOMC meeting
Bitcoin may stage a recovery above the key $90,000 psychological mark amid easing monetary inflation concerns in the world’s largest economy.Bitcoin’s (BTC) over two-month downtrend has raised numerous alarms that the current Bitcoin bull cycle may be over, defying the theory of the four-year market cycle.Despite widespread investor concerns, Bitcoin may be on track to a recovery above $90,000 due to easing inflation concerns in the United States, according to Markus Thielen, the CEO of 10x Research.“We can see some counter-trend rally as prices are oversold, and there is a good chance that the Fed is mildly dovish,” Thielen told Cointelegraph, adding:“This is not a major bullish development, rather some fine-tuning from the policymakers. We think BTC will be in a broader consolidation range but we could trade back towards $90,000.”Bitcoin daily RSI indicator. Source: 10x ResearchInvestor confidence may also be improved by Federal Reserve Chair Jerome Powell’s comments indicating that the Fed will “remain on hold amid rising uncertainty among households and businesses,” wrote 10x Research in a March 17 X post, adding:“Powell also expressed doubts about the sustained inflationary impact of Trump’s tariffs, referencing the 2019 scenario where tariff-related inflation was temporary, and the Fed eventually cut rates three times.”Meanwhile, investors are eagerly awaiting today’s Federal Open Market Committee (FOMC) meeting, for cues on the Fed’s monetary policy for the rest of 2025, a development that may impact investor appetite for risk assets such as Bitcoin.Related: Crypto market’s biggest risks in 2025: US recession, circular crypto economyFOMC meeting will be crucial for Bitcoin’s trajectory: analystTraders and investors will be watching for any hints about the ending of the Fed’s quantitative easing (QT) program, “a move that could boost liquidity and risk assets,” according to Iliya Kalchev, dispatch analyst at Nexo digital asset investment platform.“The upcoming Fed decision could be a major catalyst for further movements,” the analyst told Cointelegraph, adding:“If Chair Powell spreads his dovish wings, Bitcoin could take flight on renewed bullish momentum.”“However, persistent inflation concerns or a reaffirmation of tight financial conditions, such as elevated interest rates or continued liquidity tightening, could limit upside potential,” added the analyst.Related: Rising $219B stablecoin supply signals mid-bull cycle, not market topFed target interest rate probabilities. Source: CME Group’s FedWatch toolMarkets are currently pricing in a 99% chance that the Fed will keep interest rates steady, according to the latest estimates of the CME Group’s FedWatch tool.Still, investors have slashed their exposure to US equities by the most on record by 40-percentage-points between February and March, according to Bank of America’s latest survey — raising concerns that recession fears may hurt Bitcoin’s price action.Magazine: ETH may bottom at $1.6K, SEC delays multiple crypto ETFs, and more: Hodler’s Digest, March 9 – 15
Solana stablecoin positioning threatens ‘extreme’ SOL volatility
Investors’ stablecoin positioning on the Solana network and a key technical chart pattern threaten more volatility for the Solana token, which may see a decisive moment for its price action.Solana’s transport layer saw “extreme” volatility in trading the Tether’s USDt (USDT) stablecoin, which may indicate that traders are repositioning in search of new investment opportunities.USDT trading on Solana’s transport layer saw an over 137% surge during the last week of February, after seeing a 61% plunge during the previous week, according to a report by global payments infrastructure platform Mercuryo, shared with Cointelegraph.The stablecoin trading spikes show an unparalleled level of trading activity that may signal more volatility for the Solana (SOL) token, according to Petr Kozyakov, co-founder and CEO of Mercuryo.The “frenetic activity” may “indicate that the chain is prone to be more volatile,” the CEO told Cointelegraph, adding:“However, Solana’s inherent strengths – fast transaction processing, high scalability, and an active trading ecosystem – may also be factors. This is against a backdrop of an ecosystem attracting at times high trading volumes.”“Notably, DEX’s on Solana, such as Jupiter and Raydium, have ignited significant interest,” he added.Related: Crypto market’s biggest risks in 2025: US recession, circular crypto economyMeanwhile, a key emerging technical chart pattern may be decisive for Solana’s price action in the near term.Source: Trader Tardigrade“Solana Heikin Ashi hourly chart shows a Converging Triangle. Both bullish or bearish moves are possible,” wrote pseudonymous crypto analyst Trader Tardigrade in a March 19 X post.Related: Bitcoin beats global assets post-Trump election, despite BTC correctionMemecoins, FTX repayments may be limiting SOL priceWhile some analysts suggest that the current memecoin frenzy has been siphoning liquidity from the Solana token, multiple other factors are influencing SOL’s price action.Notably, the incoming repayments from bankrupt FTX exchange may limit Solana’s price action, explained Kozyakov, adding:“The defunct FTX exchange has set up a repayment plan that involves distributing a large amount of SOL tokens to creditors, which can potentially result in selling pressure.”FTX and Alameda Research-linked wallets unstaked $431 million of SOL tokens on March 4, marking the biggest SOL token unlock since November 2023, Cointelegraph reported.Although FTX and Alameda unlocked more than $400 million in SOL, the firms may not be able to sell all the tokens in a single transaction. In September 2023, the Delaware Bankruptcy Court approved FTX’s plan to sell digital assets, imposing strict limits on liquidation amounts.Under the court ruling, the bankrupt exchange can sell digital assets weekly through an investment adviser, with an initial limit of $50 million in the first week and $100 million in subsequent weeks. If FTX seeks to sell more, it must request court approval to raise the limit to $200 million per week.FTX’s next round of repayments will take place on May 30. Under FTX’s recovery plan, 98% of creditors are expected to receive at least 118% of their claim value in cash. In May 2024, the exchange estimated the distribution’s total value to range between $14.5 billion and $16.3 billion.Magazine: ETH may bottom at $1.6K, SEC delays multiple crypto ETFs, and more: Hodler’s Digest, March 9 – 15
Bakkt stock tumbles nearly 30% after losing Bank of America and Webull
Crypto firm Bakkt’s share price has closed March 18 trading down over 27% after it disclosed that two of it biggest clients, the Bank of America and Webull, won’t renew commercial agreements. In a March 17 regulatory filing, Bakkt said it had received notice of Bank of America not renewing its commercial agreement when the deal expires on April 22. It also disclosed that the brokerage platform Webull had also decided not to renew its agreement when it ends on June 14. Bank of America represented 17% of Bakkt’s loyalty services revenue in the nine months ending Sept. 30, 2024, according to the filing. Webull represented 74% of the company’s crypto services revenue across the same period. Stocks in Bakkt (BKKT) tumbled on March 18 after the filing, and its share price closed the day down 27.28% at $9.33. BKKT saw a further decline of 2.25% to $9.12 after the bell, according to Google Finance. Bank of America and Webull won’t renew agreements with Bakkt, which saw its stock sell-off. Source: Google FinanceOverall, the stock is down over 96% from its all-time high of $1063, which it hit on Oct. 29, 2021. Bakkt has also postponed its previously announced earnings conference twice, with the latest rescheduling slating the call for March 19. Bakkt was founded in 2018 by the Intercontinental Exchange, which holds a 55% stake and also owns the New York Stock Exchange (NYSE).Related: Bakkt declares $780M full-year revenue in 2023 earnings reportAt least one law firm, the Law Offices of Howard G. Smith, announced a possible class action against Bakkt, alleging federal securities violations. The potential lawsuit claims that the terminated agreements with Bank of America and Webull, combined with the rescheduled earnings call, caused Bakkt’s stock price to fall, “thereby injuring investors.” Bakkt, Bank of America and Webull didn’t immediately respond to requests for comment. In November last year, Bakkt’s share price jumped over 162% to $29.71 and continued to climb 16.4% to $34.59 after a report claimed Donald Trump’s media company was in advanced talks to acquire the firm. Before that, Bakkt’s parent company considered selling it or breaking the firm into smaller entities in June, according to a Bloomberg report. It also received a notification from the NYSE in March that it wasn’t in compliance with the stock exchange’s listing rules after its stock spent 30 days closing below $1 on average.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
EOS Network rebrands to Vaulta in shift to Web3 banking
The EOS Network, a blockchain that launched in 2018 amid the initial coin offering boom, has rebranded to Vaulta and will pivot to focusing on Web3 banking. The switch to Vaulta is tentatively scheduled for the end of May and will include a new token and the establishment of an advisory group known as the Vaulta Banking Advisory Council to help with the firm’s new direction, the company said in a March 18 statement.In a separate statement, the firm said the network’s EOS (EOS) token will transition to the Vaulta Token, which will be available on the nearly 140 exchanges where EOS trades and through a swap portal available in May. It added that the token’s ticker and technical details will be revealed at a later date. Source: EOS NetworkVaulta will also inherit EOS Network’s underlying infrastructure, including integration with the Bitcoin digital banking solution, exSat, which complements Vaulta’s BankingOS system, offering a suite of financial services through partnerships with Ceffu, Spirit Blockchain and Blockchain Insurance Inc. EOS Network’s rebranding to Vaulta marks a significant course correction for the blockchain, which launched to great fanfare in June 2018 off the back of a year-long and largest-ever $4.1 billion ICO run by the company behind the network, Block.one.Following its launch, EOS was a top 10 project by market cap for several years. But its value has been in steady decline and is now just inside the top 100, sitting at 95, according to CoinGecko.There’s a range of opinions about where EOS went wrong. Some who volunteered to assist in developing the network say there was a lack of support and direction from Block.one. Related: Tracing the evolution of Blockchain, with Eos Network Foundation execBlock.one made a $24 million settlement with the Securities and Exchange Commission in September 2019, and some commentators argued that the firm’s focus then shifted from EOS’ base tech to other projects — like the social app-turned-NFT marketplace Voice and the crypto exchange Bullish.Goodblock CEO Douglas Horn believes EOS investors were misled from the start, telling Cointelegraph Magazine in 2023 that “Block.one did a deceitful ICO, whether that was planned from the beginning or not.”Magazine: Whatever happened to EOS? Community shoots for unlikely comeback
BTCFi explained: How Elastos uses Bitcoin’s security to power DeFi
The decentralized finance (DeFi) landscape continues to evolve, and Bitcoin-centric solutions are gaining momentum. BTCFi is an emerging sector that transforms Bitcoin (BTC) from a passive store of value into an actively utilized asset in DeFi. A new report by Cointelegraph Research and Elastos delves into how Bitcoin’s security helps to create trustless, scalable financial ecosystems.Read a full version of the report hereBitcoin’s expanding role in DeFiDeFi has traditionally been dominated by Ethereum, which accounts for over 50% of the sector’s total $175 billion total value locked (TVL). However, Bitcoin’s strong security and liquidity make it an attractive foundation for DeFi innovation.Despite its strengths, Bitcoin’s lack of native smart contract functionality has historically limited its role in decentralized finance. The emergence of Bitcoin-centric DeFi solutions aims to bridge this gap and enable Bitcoin holders to participate in lending, stablecoin issuance and crosschain interoperability without custodial risks.Elastos: Leveraging Bitcoin’s security for decentralized applicationsElastos stands out as one of the leading players in this evolution by incorporating merged mining, a method that allows secondary blockchains to inherit Bitcoin’s security. Because approximately 50% of Bitcoin’s total 800 EH/s hashrate secures Elastos, the platform is positioned as one of the most computationally robust Bitcoin-linked networks. This ensures that financial applications built on Elastos maintain a level of security akin to that of Bitcoin itself.At the core of Elastos’ infrastructure is its Elastic Consensus model, a hybrid mechanism that integrates auxiliary proof-of-work, bonded proof-of-stake, and proof-of-integrity. This multi-layered approach enables Elastos to provide secure, scalable financial services and enhances its appeal for DeFi applications. The Elastos Smart Chain, an Ethereum Virtual Machine-compatible sidechain, facilitates the development of decentralized applications (DApps) to ensure seamless integration with the broader DeFi ecosystem.Read a full version of the report hereBeL2: A breakthrough for BTCFiA major highlight of the report is the BeL2 Arbiter Network, designed to bring trustless Bitcoin transactions into DeFi. BeL2 leverages zero-knowledge proofs (ZKPs) to verify Bitcoin transactions on the Elastos and Ethereum networks without relying on centralized custodians. This mechanism allows Bitcoin to be used in DeFi protocols without synthetic assets or intermediaries and addresses a long-standing challenge in BTCFi.This model has already attracted institutional interest. An initiative led by students and alumni of Harvard University is developing a BTC-backed stablecoin using BeL2. The platform also supports decentralized lending that allows Bitcoin holders to collateralize loans in stablecoins while retaining exposure to BTC’s price appreciation.Elastos’ market position and future potentialElastos’ BTCFi approach competes with established Bitcoin DeFi solutions such as Stacks and Rootstock. Stacks primarily benefits from Bitcoin finality, and Rootstock focuses on EVM compatibility, while Elastos distinguishes itself by combining high security (via merged mining) and crosschain interoperability. This positions Elastos as a formidable player in the BTCFi landscape.However, the report also identifies some challenges, such as regulatory uncertainties, ecosystem awareness and some technical complexities. Despite these hurdles, Elastos’ combination of Bitcoin security, trustless smart contract execution and institutional backing positions it for potential growth in the evolving BTCFi sector.Challenges and opportunities in Bitcoin DeFi adoptionAs the blockchain industry shifts toward crosschain interoperability and decentralized governance, Bitcoin-secured assets are expected to play an important role in reshaping both traditional and decentralized finance.Elastos’ innovations, particularly through BeL2 and its decentralized identity (DID) framework, aim to enhance the security, scalability and institutional adoption of Bitcoin in DeFi. With Bitcoin-secured finance projected to expand significantly, Elastos’ infrastructure provides a robust foundation for the next wave of decentralized financial applications.Read a full version of the report hereThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.Cointelegraph does not endorse the content of this article nor any product mentioned herein. Readers should do their own research before taking any action related to any product or company mentioned and carry full responsibility for their decisions.
Coinbase stock may rally to $310 on Trump-led crypto policies
Coinbase exchange’s stock price has received an optimistic price prediction from a Bernstein analyst, citing improving crypto regulatory clarity in the world’s largest economy.Gautam Chhugani, an analyst at global asset management firm Bernstein, initiated coverage of Nasdaq-listed Coinbase (COIN) stock with an outperform rating and a price target of over $310.The analyst expects improving mainstream cryptocurrency adoption, driven by US President Donald Trump’s administration, which intends to make crypto policy a national priority and make the US a global hub for blockchain innovation, according to a Bernstein research note seen by Tipranks. If Coinbase shares manage to rise to $310, it would mean an over 64% rally from the current $188 mark, Google Finance data shows.COIN/USD, all-time chart. Source: Google FinanceThe bullish price prediction comes over a week after Trump hosted the first White House Crypto Summit on March 7, shortly before he signed an executive order that outlined a plan to create a Bitcoin reserve using cryptocurrency forfeited in government criminal cases, Cointelegraph reported.Related: Bitcoin beats global assets post-Trump election, despite BTC correctionCoinbase stock may surge on improving crypto regulatory clarity in the USCoinbase is set to benefit from crypto’s “ascendancy to the US financial mainstream” amid improving regulations, mainly due to the firm offering a one-stop platform for numerous crypto activities, wrote the research note, adding:“COIN is described as a crypto exchange, but it is actually what a universal Bank would look like in the world of blockchain-based financial services.”“COIN offers an exchange, broker/dealer, institutional prime desk, stablecoin banking, crypto payments, custodian bank, software and blockchain ecosystem services, all combined into a full stack ‘Amazon’ of crypto financial services,” added the report.Related: FDIC resists transparency on Operation Chokepoint 2.0 — Coinbase CLOCrypto regulation is heading in a positive direction, with some analysts seeing the US Bitcoin reserve plan as the first “real step” for Bitcoin’s integration into the global financial system.“The US has taken its first real step toward integrating Bitcoin into the fabric of global finance, acknowledging its role as a foundational asset for a more stable and sound monetary system,” Joe Burnett, head of market research at Unchained, told Cointelegraph.While Trump has previously highlighted his intentions to bolster crypto innovation in the US, issuing regulatory frameworks takes time and setting the “right regulatory tone” will be crucial for the administration, according to Anastasija Plotnikova, co-founder and CEO of Fideum — a regulatory and blockchain infrastructure firm focused on institutions.Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8