Today’s Cryptocurrency News – March 25, 2025
The cryptocurrency landscape continues to evolve with significant legal, regulatory, and market developments shaping the industry.
Legal and Regulatory Updates
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Tornado Cash Developer Faces Trial: Roman Storm, the developer behind the crypto-mixing service Tornado Cash, is set to go on trial in July 2025. He was arrested for creating software that enables anonymous transactions, facing charges of money laundering and operating an unlicensed business. The case raises legal questions about the role of developers in blockchain privacy tools.
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SEC’s Crypto Task Force Convenes: The U.S. Securities and Exchange Commission (SEC) held its first public meeting of a dedicated crypto task force. Led by Commissioner Hester Peirce, the task force aims to examine how securities laws apply to digital assets. The regulatory approach is shifting under the current administration, which is also considering the creation of a national cryptocurrency reserve.
Market Movements
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Bitcoin Price Surge: Bitcoin’s price has climbed above $88,500, fueled by recent comments from President Trump regarding tariff policies. Ethereum has also seen an increase, now trading at $2,090. Additionally, institutional interest in crypto appears to be growing, with digital asset investment products receiving $644 million in inflows last week, reversing a five-week trend of outflows.
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GameStop’s Cryptocurrency Speculations: GameStop Corp. is preparing to release its fourth-quarter earnings amid speculation about potential cryptocurrency investments. CEO Ryan Cohen has reportedly discussed Bitcoin investments with Strive Asset Management, sparking interest in the company’s future crypto-related strategies. With strong cash reserves, the retailer could explore digital asset investments as part of its long-term strategy.
Security Concerns
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Actor Falls Victim to Crypto Scam: Felix Leech, a stuntman known for his roles in Star Wars and Game of Thrones, lost nearly £50,000 in a sophisticated cryptocurrency scam. The fraud began when he joined a WhatsApp trading group promoted on social media. While initial small withdrawals were allowed, larger withdrawals required hefty “fees” under false pretenses, including supposed money laundering regulations. This incident serves as a reminder of the growing prevalence of crypto-related scams.
With ongoing developments in regulation, market trends, and security challenges, the cryptocurrency industry remains as dynamic as ever. Investors and participants should stay informed and cautious as the space continues to evolve.