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Singapore Gulf Bank (SGB), a fully licensed digital bank, has launched SGB Net, its real-time, multi-currency clearing network built to support the growing operational needs of digital asset participants. The platform enables free transfers around the clock — without relying on

Bank of Japan Governor: If economic and price trends meet expectations, the Bank of Japan expects to continue raising interest rates On May 1, Bank of Japan Governor Kazuo Ueda said that if economic and price trends meet expectations, the Bank of Japan is expected to continue raising interest rates. (Jinshi)

Bank of Japan Governor: If the economic and price developments meet expectations, the Bank of Japan is expected to continue raising interest rates

In the first 100 days of President Donald Trump's second term, his administration has taken significant steps to reshape the cryptocurrency landscape in the United States. Here's an overview of the key developments and what to expect moving forward: 🇺🇸 U.S. Crypto Policy Under Trump: Major Developments 1. Executive Order 14178: Strengthening American Leadership in Digital Financial Technology On January 23, 2025, President Trump signed Executive Order 14178, revoking previous digital asset policies and establishing a new framework aimed at promoting U.S. leadership in digital finance. Key provisions include: Prohibition of Central Bank Digital Currency (CBDC): The order prohibits federal agencies from establishing, issuing, or promoting a CBDC, signaling a preference for private-sector-led innovation in digital currencies. Creation of the Presidential Working Group on Digital Asset Markets: This group is tasked with developing a federal regulatory framework for digital assets, including stablecoins, within 180 days. 2. Establishment of the Strategic Bitcoin Reserve In March 2025, the Trump administration announced the creation of a Strategic Bitcoin Reserve, utilizing bitcoin assets seized by the Treasury. This reserve aims to position bitcoin as a national reserve asset, reflecting a significant endorsement of cryptocurrency at the federal level. 3. Regulatory Shifts: SEC and CFTC Roles President Trump appointed Paul S. Atkins as the new Chairman of the Securities and Exchange Commission (SEC), signaling a shift towards a more crypto-friendly regulatory environment. The administration is also considering transferring significant authority over cryptocurrency regulation from the SEC to the Commodity Futures Trading Commission (CFTC), which is perceived as more favorable to digital assets like Bitcoin and Ether. 4. Formation of the Crypto Task Force Under the leadership of SEC Commissioner Hester Peirce, a new Crypto Task Force has been established to develop clear guidelines for crypto assets, focusing on registration pathways, disclosure frameworks, and determining when tokens qualify as securities. 📉 Market Response and Industry Sentiment Despite these pro-crypto initiatives, the market response has been mixed: Bitcoin Price Decline: Bitcoin has experienced a decline of over 10% since President Trump's inauguration, attributed to global economic uncertainties and slower-than-expected regulatory reforms. Shift to International Hubs: The TOKEN2049 crypto conference in Dubai attracted approximately 15,000 attendees, highlighting a growing interest in more crypto-friendly jurisdictions like the United Arab Emirates. Dubai's investor-friendly environment and significant investments in crypto infrastructure are making it an increasingly attractive hub for the industry. 🔮 What's Next for the Crypto World? Looking ahead, several developments are anticipated: Regulatory Framework Development: The Presidential Working Group on Digital Asset Markets is expected to propose a comprehensive regulatory framework for digital assets by July 2025, which could provide much-needed clarity for the industry. Potential Expansion of the Digital Asset Reserve: Discussions are ongoing about including other cryptocurrencies like Ethereum (ETH), Solana (SOL), and Ripple (XRP) in the national digital asset stockpile, which could further legitimize these assets. Legislative Actions: The administration may pursue legislative measures to solidify the regulatory framework and support the growth of the digital asset sector.

Analysis: Trump’s return to power (hypothetically 100 days in) could bring significant changes to the crypto landscape depending on his policies. Early signs might include: 👉Deregulation or Crackdown? Trump’s past comments suggest a more business-friendly stance, but his administration’s position on crypto regulation is still taking shape. Early signs point to potential deregulatory shifts, especially in contrast to the SEC-heavy approach seen under Biden. However, uncertainty still lingers especially around stablecoins and DeFi. 👉War on CBDCs, Boost for Privacy Coins Trump has openly criticized the idea of a U.S. Central Bank Digital Currency (CBDC), calling it a threat to financial freedom. This anti-surveillance stance could energize the narrative behind privacy-focused projects like Monero and Zcash or even reinforce Bitcoin’s appeal as a decentralized alternative. 👉Institutional Floodgates May Open With potential tax breaks and a pro-business tone, institutions that were previously cautious may now view crypto as a more attractive asset class. Expect more ETF activity, custody innovations, and cross-border payment solutions gaining traction. 👉Geopolitics and “Digital Gold” Increased global tensions a hallmark of Trump’s previous term could drive renewed interest in $BTC as a hedge against instability. If traditional markets falter or inflation concerns rise, crypto could once again take center stage. Whether you're a trader, investor, or builder, Trump’s next moves could redefine the playing field for digital assets. Stay sharp, stay flexible and keep your eyes on D.C. as much as the charts.