In Crypto for today’s advisers, André Dragosch of Bitwise Europe provides an update on the global regulatory landscape of cryptography and suggests that we could enter a golden age for crypto.
Then, Beth Haddock of Warburton advisers answers questions on the impact of regulatory clarity on the cryptography market in Ask A Expert.
– Sarah Morton
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Updating of the world landscape – enter the golden era of bitcoin and cryptographic assets
Many has changed in the past six months. Donald Trump took office in the United States on January 20, which was already two months ago.
- Executive order on digital financial technology
- Establishment of a strategic bitcoin reserve and a stock of national digital assets
- Training of the working group on the dry crypto
- Progress of the Act on Engineering
- Change of the SEC application strategy
The executive decree to create a strategic bitcoin reserve has already established the United States as the largest sovereign Bitcoins holder in the world, with much more purchases expected.
On the other side of the pond, the regulation of EU cryptographic asset markets came into force at the end of 2024, and should also provide more regulatory clarity in Europe and harmonize cryptographic regulations across the continent.
It seems that mica is at least three to five years ahead of the regulation of American cryptography in terms of clarity, consistency and implementation. If the United States adopts complete regulation of cryptography in the coming years, this could start to fill the gap, but at present, the Mica is considerably in advance to provide legal certainty for cryptographic assets in Europe, which could be a major institutional adoption engine through the continent.
The ECB has also just revealed that it will present the Digital Euro CBDC in October of this year, well in advance on the calendar. The rumors of the digital euro use public blockchains like Ethereum, which could potentially increase activity considerably on the chain of Ethereum.
It seems that Bitcoin and other crypto assets enter the dominant current.
That said, the policies of the new Trump administration did not do much to create a certainty in the financial markets. In fact, the uncertainty of American economic policy has increased at the highest level since the COVVI-19 recession in 2020 due to the increase in trade tensions and the suppression of government-related jobs.
The fears of American recession are back on the table. According to the Paris website based on Crypto Polymarket, the probability of an American recession in 2025 has already increased to 41%. The latest Fed of Atlanta forecast also estimates that the latest GDP growth figures for the first quarter of 2025 are at -1.8% quarterly.
The advertisements for the abolition of American jobs in February have also increased at the highest level since the cocovid recession.
Although all of this has certainly weighed on risky assets worldwide, including bitcoin and cryptographic assets, data also creates a positive backdrop via low dollars and an increase in expectations of the decrease in Fed rates.
The global money supply, already close to the new heights of all time, is accelerating again, which augurs many rare cryptographic assets as Bitcoin. Bitcoin generally tends to prosper in low dollars environments where global growth in money mass accelerates.
There is also an increasing probability that cryptographic assets can be decoupled from traditional financial markets given idiosyncratic factors such as the offbeat effect of the reduction of half of the bitcoin and the current supply deficit on exchanges. Structural entries in Bitcoin Bitcoin FNB and continuous purchases by world companies should continue to contribute to this omnipresent supply deficit. These factors will most likely continue to provide a rear wind for cryptographic assets in the coming months, regardless of the macro environment.
In any case, the prospects renewed for a decisive reversal of monetary policy in the midst of the concerns of global growth, associated with a rarity of the omnipresent offer, could lead the next vague adoption and the catapult cryptographic assets in the dominant current.
It seems that the golden era of Bitcoin and Crypto active ingredients only starts.
–André Dragosch, research manager – Europe,
Ask an expert
Q: With the change of dry leadership, companies should expect a favorable regulatory environment, or are there new risks for which they must prepare?
A: The transition from dry to the remoteness of the regulations by application and the formation of the cryptographic working group indicates a change of approach, rather than a lax transformation against fraud and theft. Consumer protection, market integrity and cybersecurity remain the main areas of application. Companies should focus on transparency and fair negotiations to align with expectations. In addition, as we have seen with merecoins, lawyers for collective appeal of the applicant and state regulators are likely to fill the gaps in federal surveillance. Market volatility will also increase the need for high operational resilience to withstand these risks.
Q. How does the Act genius compare to other global regulatory executives such as mica, and what does that mean for companies operating in the United States and Europe?
A: The act of genius differs from mica in its approach to the regulation of stablescoin, in particular in its emphasis on global adoption and the influence of the US dollar. Although mica hierarte protects the stablescoins supported by the euro within the EU, it imposes restrictions on non -euro stables in certain cases of use. On the other hand, the law on engineering, as proposed, will encourage the international use of the stablescoins supported by the USD, strengthening the role of the dollar in world payments.
For companies operating on the two markets, the reciprocal provisions of the Act could facilitate smoother cross -border transactions and regulatory alignment with American executives, potentially expanding the scope of digital assets labeled in dollars.
-Beth Haddock, partner and founder director, Warburton advisers
Continue to read
- Despite the apparently important FNB Bitcoin outputs, the vast majority of investors seem to hang on.
- The strategy plans to sell $ 500 million in privileged shares to finance its next purchase of Bitcoin.
- The SEC Commissioner, Hester Peirce, shares his point of view on the working group on the digital assets of his agency.
