Author: Cointelegraph By Martin Young

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El Salvador rushes in new Bitcoin law to comply with IMF deal: Report

The legislation reportedly rolls back a previous mandate that businesses accept Bitcoin for payments. Source link

Utah House committee passes bill for state to buy crypto

The bill now needs to pass a majority vote in Utah’s House and Senate before being approved by state governor Spencer Cox, who appears to be pro-crypto. Source link

Senate confirms pro-crypto Scott Bessent as US Treasury Secretary

As US Treasury secretary, billionaire hedge fund manager Scott Bessent will have sway over fiscal policy, financial regulations, international sanctions and overseas investments. Source link

Brazil bans Worldcoin from giving crypto for eye scans

World Network, the iris-scanning digital ID project formerly known as Worldcoin, can no longer offer crypto incentives to Brazilians. Source link

Elizabeth Warren joins call for probe of Trump over crypto tokens

Senator Elizabeth Warren said Donald Trump’s memecoin could raise “the specter of uninhibited and untraceable foreign influence over the US president.” Source link

SEC’s crypto actions dropped by 30% in Gensler’s final year

Cornerstone Research says the US Securities and Exchange Commission launched 33 crypto-related lawsuits last year, down from 47 in 2023. Source link

Crypto observers still hopeful on Trump despite silence on first day

Crypto industry executives and investors are confident about the road ahead for digital assets despite Donald Trump’s silence on crypto in his first day actions. Source link

Ramaswamy exits DOGE for Ohio governor bid, leaving Musk as sole head

Vivek Ramaswamy said on X he was leaving the Department of Government Efficiency and was “confident that Elon and the team will succeed in streamlining government.” Source link

Crypto liquidations hit $1B over 24 hours as Bitcoin plummets

More than 400,000 traders were liquidated over the past 24 hours as Bitcoin plunged back below $100,000. Source link

Tether CEO to take ‘cautious’ approach to US expansion, eyes larger profits

“For the moment we need regulatory clarity and guidance,” says Tether CEO Paolo Ardoino. Source link