Crypto IPO Wave and Ledger's $4B Plans

Bitcoin is increasingly being shaped not just by markets, but by policy, as regulators around the world split into six distinct regulatory paths that could dramatically alter adoption, capital flows, and innovation. From Washington’s stalled legislation and shifting SEC–CFTC dynamics to global divergence between enforcement-heavy regimes and innovation-friendly frameworks, today’s stories highlight a growing reality: regulatory clarity is becoming a competitive advantage.