The SEC’s shift towards digital assets is a major development under the Trump administration. Bitwise CIO Matt Hougan believes markets underestimate the regulatory tailwinds for crypto adoption in the US. The SEC’s Project Crypto aims to create clearer regulations for digital assets, including liquid staking tokens and continued institutional adoption of Bitcoin.

Certain liquid staking practices do not fall under US securities laws, the SEC clarified. Liquid staking, involving staking cryptocurrencies and receiving liquid staking receipt tokens, is a $57 billion industry. SEC Chair Paul Atkins sees this as a step forward in clarifying the agency’s jurisdiction over crypto activities.

Bitwise CIO Matt Hougan believes the market hasn’t fully priced in the SEC’s pro-crypto stance. SEC Chair Atkins recently championed blockchain as foundational for financial markets. Michigan’s state pension fund significantly increased its Bitcoin exposure through ARK’s Bitcoin ETF, now valued at $10.7 million.

Bullish, owner of CoinDesk, eyes up to a $4.2 billion IPO valuation. The company aims to raise $568-$629 million through its US IPO, with interest from major institutional investors like BlackRock. Bullish joins a wave of crypto firms seeking public listings this year, including BitGo, Kraken, and OKX.

Read more at Coin Telegraph: SEC’s Pro-Crypto Shift Signals Bullish Future for Digital Assets