Cryptocurrency markets are witnessing significant news, with many important developments occurring within minutes. Bitcoin (BTC) 
$77,269 prices have reached all-time highs and are now advancing towards six-figure levels.
Last-Minute Cryptocurrency Updates
The first major news propelling Bitcoin prices upward is the recent cancellation of a broker rule that allowed the SEC to take action against DeFi platforms. Several events triggered this shift, including the announcement of SEC Chair Gary Gensler’s resignation on January 20, which positions the SEC more favorably towards cryptocurrencies. Consequently, the lawsuit against ConcenSys and UNI Coin is also likely to be dismissed.
The U.S. District Court for the Northern District of Texas ordered the Securities and Exchange Commission (SEC) to amend the broker rule established in February in favor of DeFi platforms. Additionally, we recently reported that 18 state attorneys general initiated complaints against the SEC. The U.S. is becoming a more viable location for cryptocurrency companies.
In a recent announcement, Trump Media & Technology Group revealed plans to create a cryptocurrency payment platform named TruthFi. An official application has been submitted. A third major piece of news emerged as the White House National Economic Council or a separate White House entity is set to establish a cryptocurrency council responsible for Bitcoin reserve management.
This council will advise on digital asset policy, collaborate with Congress on cryptocurrency legislation, create the Bitcoin reserve promised by Trump, and coordinate efforts between institutions such as the SEC, Commodity Futures Trading Commission, and the Treasury. Members of the council are currently being selected by Trump.
