Coin Stories News Block: Major Institutional Boost to BTC, U.S. "Wants All the Bitcoin" It Can Get, SEC Clarifies Bitcoin Mining Status, OCC Scraps ‘Reputation Risk’ Exams
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Mar 24, 2025 This week, the focus is on significant shifts in the cryptocurrency landscape. The SEC affirms that Bitcoin mining isn't classified as a security, paving the way for clearer regulations. Meanwhile, the OCC is scrapping unnecessary reputation risk exams, signaling a shift in oversight. A staggering 85% of institutional investors are ramping up their Bitcoin allocations. The U.S. government aims to accumulate as much BTC as possible, potentially positioning Bitcoin as a national asset akin to gold reserves.
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Shifting US Government Stance on Bitcoin
- The U.S. government's approach to Bitcoin has shifted from hostility to support.
- Regulatory agencies are now taking meetings, asking questions, and supporting Bitcoin development.
Improved Communication with Regulators
- Fred Thiel, CEO of Marathon Digital Holdings, described a shift in how the Bitcoin industry interacts with D.C.
- He mentioned a transition from difficulty getting attention to easy communication.
Bitcoin Mining Clarification
- The SEC confirmed that Bitcoin mining (proof-of-work) isn't a securities transaction.
- This clarity allows miners to invest and expand with more confidence.