Crypto regulations in the crossfire

March 28, 2025

Reading time: 5 minutes

Crypto regulators clash: Peirce calls for clarity, new nominees promise change

Key points:

  • SEC Commissioner Hester Peirce calls for Congress to address overlapping crypto regulations and protect innovation without stifling it.

  • Senate hearings hint at a more pro-crypto stance from the Trump administration, with key nominees advocating for innovation-friendly approaches.

News - SEC Commissioner Hester Peirce has raised concerns about overlapping jurisdictions among regulatory agencies, arguing that the lack of clarity creates unnecessary burdens for both market participants and regulators.

At the same time, a high-stakes Senate hearing is reviewing President Trump’s key financial oversight nominees, the likes of Paul Atkins and Jonathan Gould, who have been vocal about a move toward a more structured, innovation-friendly approach to digital asset regulation. These developments could reshape the future of crypto governance in the U.S., offering the industry long-awaited clarity.

Overlapping regulations create confusion - Peirce highlighted that multiple agencies, including the SEC, CFTC, FinCEN, banks, and state regulators, play a role in crypto regulation. However, their overlapping responsibilities create inefficiencies and conflicts. She urged Congress to clarify jurisdictional boundaries, arguing that regulatory uncertainty stifles innovation and makes compliance needlessly complex.

Peirce proposed several solutions, including prioritizing federal authority over state regulators in overlapping areas, ensuring U.S. laws focus on domestic platforms, and protecting peer-to-peer transactions to foster decentralized innovation.

Trump’s chosen at the Senate evaluation - While Peirce pushes for legislative action, the Senate Banking Committee is evaluating three key financial oversight nominees: Paul Atkins for SEC Chair, Jonathan Gould for Comptroller of the Currency, and Luke Pettit for Assistant Secretary of the Treasury. Their testimonies suggest a policy shift away from the previous administration’s enforcement-heavy approach toward a more transparent regulatory framework.

Atkins, a former SEC Commissioner, has pledged to create “rational, coherent” crypto regulations, distancing himself from the agency’s previous reliance on enforcement. Gould, a seasoned banking policy expert, supports modernizing financial regulations to integrate digital assets, while Pettit has emphasized financial inclusion and innovation.

Will Congress act? - With crypto adoption surging and around 28% of American adults now owning digital assets, there is mounting bipartisan pressure to pass comprehensive legislation. While the new administration’s nominees appear poised to reset the regulatory landscape, their success depends on Congress taking decisive action to establish a clear, innovation-friendly legal framework for the industry.

Bitcoin price boost: Are whales and institutions paving the way for a surge?

Key points:

  • Whale accumulation and institutional support drive Bitcoin's potential price surge.

  • Decreased short-term holder losses indicate renewed confidence in Bitcoin's upward trajectory.

News - Bitcoin shows signs of a potential price surge driven by whale activity, institutional backing, and technical patterns. After breaking out of a descending wedge pattern, BTC trades at $85,521 at press time, down 2.7% in the last 24 hours. Whales holding over 10,000 BTC have increased their Accumulation Trend Score above 0.5, signaling steady buying.

Institutional enthusiasm remains high, with Senator Cynthia Lummis at the DC Blockchain Summit emphasizing Bitcoin’s long-term financial potential, while Michael Saylor calls it the "modern digital gold rush." Additionally, short-term holder losses have decreased tenfold, indicating reduced selling pressure and renewed confidence.

Whale and institutional activity - Whales accumulating BTC and positive technical indicators highlight the possibility of a continued upward trend. The latest data from Glassnode shows that large investors are consistently buying, while smaller holders remain cautious. Additionally, the stock-to-flow ratio, which compares the circulating supply to newly mined coins, has declined by 42.86%, indicating increased scarcity.

With 77.59% of Bitcoin holders currently in profit, the sentiment remains bullish. Institutional support is also robust, as Bitcoin's role in the financial landscape continues to grow. As long as whale accumulation persists and institutions maintain their stance, Bitcoin could soon see a price boost.

Short-term holder dynamics - The sharp decline in short-term holders' realized losses suggests that the selling pressure has significantly reduced. This decrease implies that many investors now see current price levels as a buying opportunity rather than a risk. The stabilization of short-term holder behavior further reinforces the argument that Bitcoin’s market outlook remains positive.

If whales and institutions maintain their current stance, Bitcoin could be on the cusp of another rally, supported by technical breakouts and diminishing short-term holder capitulation. As optimism builds, market participants will be watching closely for BTC to consolidate above key resistance levels.

XRP faces resistance and range-bound pressure: Will bulls or bears win?

Key points:

  • XRP struggles below the $2.50 resistance, with weakening futures demand and a potential bearish reversal looming.

  • A break above $3.00 could trigger gains, while falling below $1.90 may confirm further decline.

News - XRP has struggled to break past the $2.50 resistance, facing repeated rejections in recent weeks. Despite attempts to push higher, bearish pressure remains strong, and market indicators suggest a potential breakdown. Meanwhile, veteran trader Peter Brandt has highlighted a head and shoulders pattern, signaling that XRP could be at a crucial turning point.

Key resistance and bearish signals - XRP, trading at $2.25 at press time, has repeatedly failed to break past the $2.50 resistance level, signaling growing bearish pressure. The RSI indicates a neutral stance with a slight downward bias, while Open Interest in XRP futures recently dropped from $5.8 billion to $2.8 billion, reflecting waning speculative demand.

Veteran trader Peter Brandt warns of a potential Head and Shoulders (H&S) pattern, suggesting a possible trend reversal. If XRP breaks above $3.00, the bearish outlook is invalidated, opening room for gains. However, a drop below $1.90 would confirm the bearish setup, possibly leading to a decline toward $1.07. Failure to hold support could push XRP toward the $2.00 psychological level or lower.

Regulatory developments, ETF speculation - Despite technical concerns, bullish fundamentals continue to provide hope for XRP holders. The U.S. SEC recently ended its long-running lawsuit against Ripple, allowing the company to focus on expansion. Additionally, analysts believe an XRP ETF could be on the horizon, with major asset managers like Fidelity and BlackRock potentially entering the race.

What’s next for XRP? - If XRP successfully closes above $2.50 with strong volume, it could attempt a move toward $2.75-$3.00. However, without renewed buying strength, bearish pressure may push the price lower. Traders are watching for a decisive move beyond the $3.00 resistance or a breakdown below $1.90 to determine XRP’s next major direction.

With both technical resistance and regulatory optimism in play, XRP remains at a crossroads. Whether it rallies or plunges depends on market momentum in the coming weeks.

Stablecoin surge: Wyoming, Tether, and Fidelity lead the charge

Key points:

  • Tether’s USDT leads, but Wyoming’s WYST and USDC’s rise signal growing competition.

  • Governments and institutions embrace stablecoins, with U.S. lawmakers reviewing the STABLE Act.

News - The stablecoin landscape is evolving rapidly, with industry leaders and governments embracing digital assets as a fundamental part of the financial system. Tether CEO Paolo Ardoino recently introduced the concept of a "stablecoin multiverse," highlighting the widespread adoption of stablecoins by companies and governments.

Meanwhile, Wyoming has taken a historic step by announcing WYST, the first state-backed stablecoin in the U.S., while Fidelity Investments is exploring stable tokens. With regulatory clarity also on the horizon, stablecoins are poised to become a dominant force in digital finance.

The rise of USDT - Ardoino’s bold vision highlights the growing impact of stablecoins in global markets. Taking to social media, he claimed that "hundreds of companies and governments" are either launching or planning to launch their own stablecoins.

Tether’s USDT remains the market leader, boasting over 400 million users and a transaction volume of $357.35 billion as of March 2025. However, Circle’s USDC has gained significant traction, reaching a record market cap of $60.2 billion and outpacing USDT in supply growth over the past three months.

Despite its dominance, USDT faces increasing competition due to USDC’s regulatory compliance and institutional backing. As more financial institutions enter the stablecoin market, the sector is set for rapid expansion, making Ardoino’s "stablecoin multiverse" vision a tangible reality.

Wyoming and Fidelity’s stablecoin initiatives - The state of Wyoming has further cemented stablecoins' growing significance with its plan to launch WYST in July. The dollar-backed stablecoin, fully collateralized by U.S. Treasuries and cash, will operate on multiple blockchains, ensuring broad accessibility. Wyoming's initiative aligns with increasing legislative focus on stablecoins, as U.S. lawmakers prepare to review the STABLE Act, aiming to establish regulatory transparency.

Fidelity Investments is also making moves in the space, testing its own stablecoin amid a broader push toward tokenized assets. With institutional interest at an all-time high and regulatory clarity emerging, stablecoins are accelerating toward mainstream adoption, reinforcing the notion that the "stablecoin era" may arrive sooner than expected.

Crypto scams uncovered

  • Actor-stuntman Felix Leech lost nearly £50,000 in a crypto scam after joining a fraudulent WhatsApp trading group advertised on Instagram. Despite managing to recover £11,000, he warns others about the manipulative tactics used.

  • James Schwab, 22, from Georgia, was charged with orchestrating a kidnapping linked to a $230 million cryptocurrency theft. Facing conspiracy charges, he could receive a life sentence if convicted.

  • Over 130 Australians fell victim to a Binance impersonation scam, receiving texts claiming account compromise and being guided to transfer funds to scammers' wallets. Recovery is challenging as stolen funds move through multiple wallets.

Top 3 coins of the day

Fartcoin (FARTCOIN)

Key points:

  • FARTCOIN faces resistance near $0.55, with potential consolidation around the $0.50 support.

  • Bullish momentum slowing, RSI at 59.25 hints at possible sideways movement or pullback.

What you should know:

The daily FARTCOIN chart shows bullish momentum slowing down after a recent upward move. Trading at $0.52 at press time, FARTCOIN has seen a 46% rise in the last week. The chart highlights a series of green candles leading to a local peak around $0.54, but recent red candles suggest that buying pressure may be fading. The RSI stands at 59.25, indicating that FARTCOIN remains in bullish territory but is not yet overbought.

Resistance is visible near $0.54-$0.55, where selling pressure emerged, while support is around $0.50, previously a consolidation point. The decrease in bullish momentum hints at potential sideways trading or a minor pullback. If bulls defend the $0.50 support, FARTCOIN could retest resistance at $0.55. However, losing support might push the price lower, possibly toward $0.45.

Toncoin (TON)

Key points:

  • Toncoin eyes a rebound from the $3.95 support as bulls attempt recovery.

  • The coin has seen a 5% rise in the last 24 hours.

What you should know:

TON has shown signs of resilience near the $3.95 mark, with bulls attempting to regain control after a slight pullback. The chart indicates that TON faced selling pressure following a brief upward movement, forming red candles after reaching a high of approximately $4.05. At press time, the price sits around $3.99, reflecting a minor recovery effort.

The MACD indicator, however, shows a bearish crossover, suggesting that downward momentum could persist in the short term. The histogram remains in negative territory, indicating caution for bullish traders. On the other hand, the RSI hovers around 61.65, indicating that bulls still have some leverage to counter the selling pressure.

If buyers manage to hold the $3.95 support, TON could aim for a rally toward $4.05 and beyond. Conversely, a breakdown below this level may see bears target the $3.85 region.

JasmyCoin (JASMY)

Key points:

  • JASMY sees a 10% decrease in the last 24 hours amid persistent selling pressure.

  • RSI at 22 signals oversold conditions, but bearish momentum persists, suggesting caution.

What you should know:

JASMY has faced a sharp decline over the past 24 hours, dropping around 10% as bears intensified selling pressure. The price hovered near $0.011 at press time, showing a continuous series of red candles, which highlights strong bearish sentiment.

The MACD indicator shows a widening gap between the MACD and signal lines, emphasizing the accelerating downward momentum. Additionally, the histogram prints deep red bars, indicating sustained selling dominance. At press time, the RSI at 22.30 points to oversold conditions, which may hint at a potential price rebound if buyers step in. However, the ongoing downtrend, marked by increased selling volume, suggests caution, as the coin may face further drops before stabilizing.

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