US SEC Plans Crypto Task Force Amid Bitcoin Gains

Cryptocurrency executives are optimistic about the U.S. passing comprehensive federal regulations for digital assets in 2025, driven by Donald Trump's return to the White House and his support for bitcoin. At the World Economic Forum, leaders from major firms like Coinbase and Binance highlighted a shift from the previous administration's enforcement-heavy approach, with Coinbase CEO Brian Armstrong noting the industry is eager for regulatory clarity. The U.S. Securities and Exchange Commission (SEC) has announced the creation of a task force to develop a regulatory framework for digital assets, which is seen as a positive step towards establishing clear rules. Bitcoin recently hit a record high of $109,071 amid these developments, although analysts caution that market volatility may continue until more concrete policies are introduced. While some in the industry celebrate these changes, others express concern over the lack of immediate policy announcements from the Trump administration. The mixed sentiment reflects both hope for reform and caution about potential market fluctuations.