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cointelegraph.com Mar 20, 2025 17:21

Kevin O’Leary reveals key catalysts that could reverse the bearish trend - The crypto market is currently facing significant pressure, largely due to US President Donald Trump’s trade war and deteriorating macroeconomic conditions. These factors have put markets under strain, with some analysts predicting that the bull run is over and a bear market may be on the horizon.In a recent Cointelegraph interview, Kevin O’Leary, also known as “Mr. Wonderful,” shared his thoughts on the current state of the market and what could be ahead. Despite the turbulence, O’Leary remains optimistic about the future of Bitcoin (BTC). He explains that while the market is under pressure, he still expects Bitcoin to end the year higher as a couple of key factors come into play.A key issue discussed in the interview is the need for regulatory clarity, especially surrounding stablecoins. O’Leary is particularly focused on the GENIUS Act, which he believes will be passed imminently by the US Congress. “We have been waiting for almost seven years for this legislation. I have a feeling it’s going to make it, and when that happens, it’s a game changer,” O’Leary said.The passage of the GENIUS Act, which aims to provide regulatory clarity around stablecoins, should boost the adoption of dollar-backed stablecoins. This move is expected to bring much-needed stability and legitimacy to the crypto market, helping to mitigate some of the ongoing risks. O’Leary also shared insights into his personal crypto portfolio, revealing a diversified mix of assets in his portfolio.To dive deeper into O’Leary’s views on the current state of the crypto market and his personal approach to investing in crypto, make sure to watch the full interview on our channel.Related: Trump says US will be Bitcoin superpower as BTC price breaks 4-month downtrend

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cointelegraph.com Mar 20, 2025 19:45

SEC says proof-of-work mining does not constitute securities dealing - The US Securities and Exchange Commission’s Division of Corporation Finance has clarified its views on proof-of-work mining, arguing that such activities do not constitute “the offer and sale of securities” as outlined in the Securities Act of 1933, so long as they meet certain criteria.In a March 20 statement, the SEC division addressed the “mining of crypto assets that are intrinsically linked to the programmatic functioning of a public, permissionless network” and determined that decentralized PoW networks should not be treated as securities.Although the SEC’s statement did not name any specific blockchain, its views on certain PoW activities apply to permissionless networks where mining is used to participate in the consensus mechanism. The statement applies to solo miners and mining pools participating in such networks. The SEC’s Division of Corporation Finance gives its view on PoW “protocol mining activities.” Source: SECAlthough Bitcoin (BTC) is by far the largest and most significant PoW chain, there are several others, including Dogecoin (DOGE), Litecoin (LTC) and Monero (XMR). US regulators have long considered Bitcoin to be a commodity and not a security — a view that also extends to Litecoin and Dogecoin, according to the Commodity Futures Trading Commission. Source: CointelegraphRelated: Trump says US will be Bitcoin superpower as BTC price breaks 4-month downtrendA pro-crypto policy tailwindDigital asset markets, including PoW chains, are set to flourish under US President Donald Trump, who has vowed to make America the world’s blockchain and crypto capital. In addition to appointing a pro-crypto replacement to Gary Gensler at the SEC, the president has established the Council of Advisers on Digital Assets to advance common-sense regulations for the industry. On March 19, the council’s executive director, Bo Hines, revealed that a comprehensive stablecoin bill could land on the president’s desk in a matter of months. The same day, the Blockchain Association, an industry advocacy group, said a cryptocurrency market structure bill is expected by the summer. “I think we’re close to being able to get those done for August […] They’re doing a lot of work on that behind the scenes right now,” said Kristin Smith, the Blockchain Association’s CEO.Magazine: Unstablecoins: Depegging, bank runs and other risks loom

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