Crypto Market Recap: Trump Signs First Crypto Bill, SEC Issues Crypto Guidance

Overview of Developments in the Crypto Market

As of April 11, 2025, the cryptocurrency market has witnessed significant developments with high-profile actions from U.S. governmental figures and movements in market prices. This recap highlights recent changes for Bitcoin, Ethereum, and various altcoins while shedding light on new legislative advancements and regulatory guidance.

Market Performance Update

Bitcoin and Ethereum

On April 11, Bitcoin (BTC) exhibited a notable increase, trading at $83,823.99, reflecting a 5.2% rise in the last 24 hours. Throughout the day, the cryptocurrency experienced fluctuations within a range of $81,675.28 to $83,968.58. Meanwhile, Ethereum (ETH) was priced at $1,565, marking a 3% increase, with an intraday low of $1,549.00 and a high of $1,582.64.

The market showed signs of recovery following a week marked by volatility sparked by a trade war between the U.S. and China. Positive producer price index data released from the U.S. hinted at an easing inflation trend, thereby boosting confidence in both the crypto and stock markets.

Altcoin Highlights

Several altcoins reported impressive gains over the last 24 hours:

• Solana (SOL): Valued at $120.57, up 8.4%, with a low of $118.23 and a high of $121.52.
• XRP: Trading at $2.05, reflecting a 4.2% gain, having balanced between a low of $1.99 and a high of $2.06.
• Sui (SUI): Priced at $2.22, representing a 6.5% increase, fluctuating between $2.17 and $2.24.
• Cardano (ADA): Trading at $0.6279, up 4.9%, with daily confines of $0.6175 to $0.6313.

Key Legislative and Regulatory Updates

Trump Signs First Crypto Bill

In a significant move for the cryptocurrency industry, U.S. President Donald Trump has signed a bill that nullifies a controversial Internal Revenue Service (IRS) rule expanding the definition of "broker" to encompass decentralized finance (DeFi) platforms. This regulation, set forth at the end of the Biden administration, would have mandated DeFi protocols—operating without intermediaries—to report user transaction data, a requirement deemed technically unfeasible and legally ambiguous by industry stakeholders.

The bill received bipartisan congressional support and is part of Trump’s initiative to establish the U.S. as a leader in cryptocurrency innovation. In addition, Trump has created a federal working group to address cryptocurrency regulations and signed an executive order to establish a national Bitcoin reserve.

SEC Issues New Guidance on Crypto Securities

The U.S. Securities and Exchange Commission (SEC) has also weighed in on the cryptocurrency landscape by offering regulatory guidance that aims to clarify how federal securities laws apply to crypto. The SEC’s Division of Corporation Finance emphasized the importance of enhanced disclosures from companies issuing tokens that may qualify as securities.

While the guidance improves upon the previous framework, it stops short of precisely defining what constitutes a security in the digital asset space. Companies will now be expected to provide comprehensive details on their operations, token functionalities, and future revenue models. This includes information on blockchain technologies employed and whether they have undergone third-party security audits.

New York Moves Toward Accepting Crypto Payments

In a notable legislative proposal, New York state may soon allow government agencies to accept cryptocurrency as payment for various fees, taxes, and fines. Introduced by Assemblymember Clyde Vanel, Assembly Bill A7788 aims to integrate cryptocurrencies such as Bitcoin, Ethereum, and Litecoin into state financial operations. This bill permits agreements with cryptocurrency payment providers while ensuring that final settlements are made in fiat currency to safeguard state budgets against market volatility.

Legal Developments with SEC and Ripple

The SEC and Ripple Labs have jointly filed a motion to pause ongoing legal proceedings, indicating a potential settlement may be forthcoming under newly appointed SEC Chairman Paul Atkins. Following Atkins’ Senate confirmation, the delay is seen as a move to conserve resources while both parties work towards a negotiated resolution.

Economic Impact from Major Firms

BlackRock, one of the leading asset management firms, reported $84 billion in total net inflows for the first quarter of 2025. Interestingly, about $3 billion of these inflows were directed towards digital asset products, underscoring the growing integration of cryptocurrency in mainstream investment strategies.

Conclusion

These recent developments in the cryptocurrency sector, including regulatory guidance and legislative proposals, are reshaping the landscape for digital assets in the U.S. As crypto continues to gain traction, these adjustments may drive further innovation and investment in the industry. For ongoing updates, follow us at @INN_Technology.

Securities Disclosure: Giann Liguid and Meagen Seatter hold no direct investment interest in any companies mentioned in this article.

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