Coindesk

Block Inc. has agreed to pay $40 million to settle accusations from the New York Department of Financial Services that the company didn’t properly manage its money-laundering safeguards, according to a statement from the regulator on Thursday.

Block, which operates Cash App for peer-to-peer transactions and was formerly known as Square Inc., is under orders from the New York regulator to fix any shortcomings and to submit to an outside monitor. The regulator noted that the blockchain and payments business’ “lax treatment of high-risk bitcoin transactions” in past years let effectively anonymous transactions through its system.

“The rapid growth of Block’s Cash App absent a robust compliance function created risk and vulnerabilities that violated the rules financial services companies operating in New York must adhere to,” NYDFS Superintendent Adreienne Harris said in the statement. “The department is taking decisive steps to ensure accountability, including the appointment of an independent monitor to oversee corrective measures.”

In a statement from Block, the company said it didn’t admit to any of the findings in the New York case, but it’s “pleased to put this matter behind us.”

“Following our recent settlement with our other state money transmission regulators, we have now reached an agreement with the final remaining state money transmission regulator, New York Department of Financial Services, to resolve a matter principally related to Cash App’s past compliance program,” the company said.

The regulator’s examinations covered a period spanning 2021 and 2022 at the company founded by Jack Dorsey, and the resulting consent order noted “serious compliance deficiencies” that had created “a high-risk environment vulnerable to exploitation by criminal actors.”

Since 2018, Block has held a New York BitLicense to conduct digital assets operations in the state.

Read More: Jack Dorsey’s Square to Invest More in Bitcoin Mining and Shut Decentralized ‘Web5’ Venture

The cryptocurrency market is navigating turbulent waters as geopolitical tensions and trade policies reshape investor sentiment. BNB’s recent price action, featuring a 13.2% trading range, highlights the heightened volatility affecting digital assets.

Technical analysis reveals key support around $540-$545 and resistance at $565-$570, with trading volumes spiking during both selloffs and recovery phases, according to CoinDesk Research’s technical analysis data.

The implementation of new tariffs under President Trump’s administration has created a ripple effect across financial markets. Initially, bitcoin showed a negative correlation with equities as trade war rhetoric emerged, but this relationship shifted as risk-off sentiment took hold. According to Binance Research, “Should macro conditions stabilize, new narratives take hold, or crypto reassert its role as a long-term hedge – renewed growth could follow.”

Meanwhile, BNB Chain continues to expand its ecosystem, recently announcing 16 early-stage projects selected for Season 9 of its Most Valuable Builder Accelerator Program. This initiative aims to support Web3 builders with resources needed to thrive within the BNB Chain ecosystem, aligning with its mission to onboard the next billion Web3 users.

Technical Analysis Highlights

BNB experienced significant price turbulence, with an 11.6% drop from $589.78 to $521.16 before recovering to $585.61.

The overall trading range of $68.62 (13.2%) demonstrates exceptional volatility in recent sessions.

Key support established around $540-$545 with resistance at $565-$570.

Volume analysis shows intense selling pressure during the initial decline, followed by substantial accumulation during recovery.

April 9th surge featured volumes exceeding 199,000 units, indicating strong buying interest.

The formation of a bullish channel since April 7th suggests potential continued upward momentum.

In the last 100 minutes of trading, BNB declined 0.5% from $578.33 to $575.41.

A descending channel formed with significant selling pressure emerging around 11:03.

The $575.00-$575.50 zone has established itself as a critical support area with multiple tests.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.

External References:

Crypto Daily, “Solana Price Prediction in April: Binance Coin Latest News and Everything You Need to Know About Viral Altcoin Remittix,” published April 3, 2025.​

Coinotag News, “Is BNB Preparing for a Q2 Breakout Amid Strong On-Chain Metrics and Rising Demand?” published April 9, 2025.​

AMBCrypto, “Is BNB the Breakout Altcoin of Q2? Why Bitcoin Investors Think So!” published April 9, 2025.​AMBCrypto+1AMBCrypto+1

Crypto Daily, “Solana, Binance Coin (BNB) or Lightchain AI? Why Top Crypto Investors Are Picking Lightchain AI Over These Two Well-Known Assets,” published April 5, 2025.​Crypto Daily

BitcoinWorld, “Bitcoin Price: Sudden Plunge Shocks Crypto Market as BTC Dips After Touching $79,472 Amid Rising Volatility,” published April 8, 2025.​Bitcoin World

In today’s crypto for advisors, Zac Townsend from bitcoin life insurance company Meanwhile explains estate planning options for managing bitcoin inheritance.

Then, Peter Dunworth from The Bitcoin Adviser answers questions about these strategies from an advisor’s point of view in Ask an Expert.

– Sarah Morton

You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.

Estate Planning for Bitcoiners: Optimized Strategies Using Bitcoin Life Insurance and Trusts

At its recent all-time high, the bitcoin market cap hit $2.1 trillion, indicating that significant wealth has been created for holders of the original cryptocurrency. With the regulatory tailwinds behind digital assets in the new administration and increasing institutional adoption, individuals and their advisors should consider strategies to mitigate potential estate taxes on bitcoin wealth.

Many tax professionals expect Congress to extend the increased lifetime gift exemption amount established by the 2017 Tax Cuts and Jobs Act, currently set at roughly $14 million per individual. This means that any American can gift $14 million tax-free, but amounts exceeding this amount are subject to a 40% estate tax. If you believe bitcoin will appreciate significantly in the future, gifting it at today’s price can be a strategic move, allowing future appreciation to occur outside of your estate.

There are several ways to transfer bitcoin out of one’s estate, each with varying tax and control implications. These options include:

Gifting bitcoin directly by transferring it to a loved one’s digital asset wallet.

Funding an irrevocable trust with bitcoin for the benefit of their loved ones.

Using bitcoin to purchase a BTC-denominated life insurance policy that pays out to their loved ones upon death.

These strategies are not mutually exclusive — when used in concert, they can maximize tax benefits and wealth preservation. Let’s look at each of them in turn.

Gifting bitcoin directly

Transferring bitcoin to someone’s digital asset wallet as a gift is a simple way to move it out of your estate. However, there are important considerations to this approach:

Loss of control: A gift is irrevocable, meaning the gifter forfeits all control over the asset. This might not be ideal for those transferring wealth to children if there are concerns around handing over full control of an asset.

Cost basis retention: The recipient inherits the original cost basis, meaning if/when they sell the bitcoin, they owe capital gains tax on any appreciation since the price at which you originally acquired it.

Funding an irrevocable trust with bitcoin

An irrevocable trust allows for some level of control over bitcoin despite it being outside of your estate. You can design the trust to pay out at certain ages or life events, as examples. However, like direct gifting, it does not solve the cost basis issue — beneficiaries of the trust receive the bitcoin via distribution at the same cost basis it held when you originally funded the trust.

Bitcoin-denominated life insurance

Bitcoin-denominated life insurance is a new concept that allows an individual to pay their life insurance premiums in bitcoin and borrow against their BTC-denominated policy tax-free, with the policy paying out more, stepped-up cost basis bitcoin at death to the beneficiaries. If a policy is owned individually, the death benefit pays out into the estate and, therefore, can be subject to estate tax.

Combining an irrevocable trust with bitcoin Life Insurance

Using an irrevocable trust and a BTC-denominated life insurance policy together solves for all of these concerns — estate tax, cost basis and control. Here’s how it works:

The irrevocable trust purchases a BTC-denominated life insurance policy on the individual.

The irrevocable trust funds the policy premiums.

Upon death, the irrevocable trust receives more bitcoin than was paid in premiums, and those bitcoin have a new, stepped-up cost basis.

The bitcoin is then distributed according to the trust’s terms, preserving control over how and when beneficiaries access it.

Bitcoin is typically viewed as a low time preference asset, meaning its holders (or, HODLers) tend to be long-term investors rather than traders; this, coupled with its meteoric rise and potential future price appreciation, makes it an important asset to plan for potential estate taxes. Advisors and individuals should consider one or a combination of these strategies to optimize bitcoin-related tax planning.

– Zac Townsend, co-founder and CEO, Meanwhile

Ask an Expert

Q. How might the new administration affect bitcoin investors?

A. With regulatory tailwinds and increasing institutional adoption, bitcoin investors now face both opportunities and challenges. The primary concern for those with significant bitcoin holdings is potential estate tax exposure, especially as many portfolios have grown substantially with bitcoin recently reaching a $2.1 trillion market cap.

Q. What are some strategies for reducing bitcoin estate tax exposure?

A. Three main approaches exist: direct gifting to family members, funding irrevocable trusts with bitcoin and utilizing bitcoin-denominated life insurance policies. Each offers different balances of tax benefits and control. The most comprehensive solution combines an irrevocable trust with a bitcoin-denominated life insurance policy.

Q. Why should one consider acting now rather than later?

A. Gifting bitcoin at today’s valuation allows future appreciation to occur outside your estate. With the lifetime gift exemption currently at approximately $14 million per individual, strategic planning now can significantly reduce eventual tax burdens as bitcoin potentially continues to appreciate.

– Peter Dunworth, The Bitcoin Adviser

Keep Reading

BlackRock adds Anchorage Digital as Crypto Custodian.

U.S. stablecoin issuer Circle has filed to go public.

The SEC issued a statement on stablecoins, clarifying that most are not securities, especially those used for payments.

After three years on mainnet, Aptos still occupies an unusual position in the blockchain ecosystem. Born from Meta’s abandoned Libra project with backing from top-tier VCs, it entered the market with high expectations and even higher valuations.

Aptos is known as a high-throughput, relatively cheap chain, built on the Move programming language for enhanced security. Yet while its technical capabilities are undeniable, the project’s path to widespread adoption remains less certain in an industry where the gap between technical superiority and actual usage often seems unbridgeable.

Ash Pampati is a speaker at Consensus 2025, taking place in Toronto May 14-16.

I sat down with Ash Pampati, the head of ecosystem in Aptos, to discuss how the project is navigating these challenges, what sets it apart from competitors, and whether its institutional DNA is a help or hindrance in today’s market.

Before joining Aptos as Head of Ecosystem, Ash Pampati was Business Lead at Metaplex Studios on Solana and spent seven years at YouTube leading music industry partnerships. The YouTube-to-blockchain experience informs his approach to Aptos’s adoption.

“Our overarching thesis is that all the world’s assets will come on-chain,” he said.

This interview has been condensed and lightly edited for clarity.

CoinDesk: I’ve noticed Aptos evolving toward a more grassroots builder culture. What drove this shift?

Pampati: The scarcest resource in Web3, aside from time, is talented developers. All ecosystems are competing for developers with great ideas who are motivated to ship against all odds.

The community-building strategy begins with a fundamental question: How do we convince a developer not only to choose Aptos over other chains but to choose Web3 over Web2?

Your developer outreach in Southeast Asia has been notable. Is this a strategic focus because those markets are more receptive, or because established developers have already committed to other chains?

We’ve built amazing grassroots relationships with talented students worldwide — California, U.K., Singapore, India, Hong Kong. We’re showing them the value of Web3 and how a consumer-oriented, high-performance chain like Aptos can help them launch DApps in a week if they have the ideas and infrastructure ready.

When you do that well, you must be ready to invest in talented and motivated people immediately. We have an opinionated but effective grants program where we coach people through accelerators, invest directly from the foundation, or connect them with investors who share complementary visions.

Solana faced similar technical promises but saw its ecosystem dominated by pump.fun and $fart and $dawg, and, well, you name it. With your institutional approach, does Aptos risk the opposite problem — impressive technology but not a lot of speculation?

For Aptos, we don’t have that baggage, for better or worse, of the meme coin frenzy adding assumptions about our identity. We believe tokens and tokenized assets enable businesses to emerge that otherwise couldn’t in any other market, and they allow users entry into businesses they wouldn’t otherwise have.

Do I believe 60,000 tokens should emerge daily on Aptos? Not necessarily. But do I want a consistent stream of quality projects using tokens to align their communities or build products? Absolutely. Those are the kinds of builders we want to attract.

What strategic areas is Aptos focusing on now?

We have three core focus areas that help us overcome adoption challenges. First, asset tokenization. Our overarching thesis is that all the world’s assets will come on-chain. We’re seeing that convergence now with RWAs, institutional interest converging with native DeFi, tokenized cryptocurrencies, and stablecoins. We want to build a network that enables the global trading engine of these assets.

The second area is payments, which leverages Aptos’s technical advantages. We’ve integrated the top three stablecoins on Aptos in just three months, reaching about a billion dollars in total market cap. Aptos is orders of magnitude cheaper from a transaction cost basis — by a factor of a thousand — compared to the next high-throughput blockchain. We also have the fastest finality at sub-second speeds.

Our third focus involves decentralized infrastructure supporting emerging technologies. With slight improvements above and below, you can unlock capabilities around storage and compute never seen with previous blockchains. This enables running AI and ML infrastructure on fully decentralized networks, helps with data discoverability for banks, and evolves content delivery frameworks.

Your examples frequently focus on institutional use cases. Is there a disconnect between Aptos’ vision and where the market actually is today?

Our PACT protocol exemplifies what we want the next five years to look like. It’s utilizing on-chain rails on a high-throughput blockchain with stablecoin integration to extend credit networks to people in markets who never had access to credit before.

For example, a rickshaw driver in India who needs a loan to fix their vehicle can now get one. Democratizing access to financial markets gives me goosebumps, and I want to accelerate this further.

Additionally, within DeFi, which has had product-market fit for several cycles and been pioneered within the Ethereum and EVM L2 communities, we’re exploring what a healthy DeFi ecosystem looks like on a high-throughput blockchain that abstracts much of Web3’s friction.

Can my father, a doctor in Kentucky who saves all his passwords on notepads, park some stablecoins in a reliable place to earn yield and participate in the on-chain economy with limited friction? Not having to save a passkey while still benefiting from decentralization and self-custody? Making it easier for people to onboard and earn money in the on-chain economy is very exciting for us.

We’re in a period where many crypto projects have fallen short of their promises. What keeps you confident that Aptos can succeed where others have struggled?

Speaking broadly to the industry of founders: the macroeconomic environment is uncertain, and there will always be volatility in this market. But foundations like ours and others remain focused on the goal and are willing to invest in people to continue the mission.My biggest fear is talented people leaving Web3 for more stable environments. Anything we can do to retain talented people to continue the mission of decentralized networks, self-custody, and provenance, we need to do it — not just from our side, but from any foundation or ecosystem.

We need to keep people building or, otherwise, we’ll never see the revolution in the world we want to see on a timescale that matters. We shouldn’t take progress for granted. It takes work to keep people building for the future.

Global economic uncertainties and escalating trade tensions are creating ripple effects throughout cryptocurrency markets, with Dogecoin demonstrating remarkable resilience amid the turbulence.

After experiencing a sharp 21.2% correction that saw prices tumble from $0.165 to $0.130, DOGE has staged a significant recovery, while the broader crypto market staged a comeback as the CoinDesk 20 Index rose 9% in the last 24 hours. It established strong support around the $0.142-$0.145 zone with substantial buying volume, confirming the rebound’s legitimacy.

Technical Analysis Breakdown

DOGE/USD experienced extreme volatility, dropping from $0.165 to $0.130 (21.2% range) before staging a significant recovery.

A strong bullish reversal pattern formed with solid support established in the $0.142-$0.145 zone, according to CoinDesk Research’s technical analysis model.

Volume analysis confirms recovery legitimacy, with peak accumulation during the April 9th rally pushing prices above the critical $0.160 resistance.

Price currently consolidating at the 61.8% Fibonacci retracement level with horizontal support at $0.155.

In recent trading, DOGE formed a clear ascending channel with support at $0.155 and resistance at $0.156.

Significant accumulation occurred during the 11:32 period with 7 million units of volume, confirming buyer interest.

30 minutes of trading during early U.S. hours showed increasing momentum with consecutive higher lows and a breakthrough above the $0.156 resistance.

The pattern suggests a potential continuation of the uptrend toward the previous 48-hour high of $0.165.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.

External References:

Times Tabloid, “Dogecoin (DOGE) Price Analysis: Indicators Point to Potential Bullish Reversal,” published April 8, 2025.​

The Crypto Basic, “Analyst Shares Realistic Dogecoin Targets Highlighting Critical Support and Resistance Levels,” published April 8, 2025.​

CoinGape, “Analyst Forecasts Over 59% Dogecoin Price Crash Coming Soon, Here’s Why,” published April 8, 2025.​CoinGape

NewsBTC, “Dogecoin Fading Fervor: Has The Meme Coin Lost Its Mojo?” published April 7, 2025.​

Bitzo, “Bitcoin, Solana, and Dogecoin in Freefall Amid Massive Sell-off – Is the End Near?” published April 8, 2025

In early January, after Prime Minister Justin Trudeau announced he was stepping down, all polls pointed to political upheaval in Canada should an election be called.

Now, it looks to be an unprecedented fourth term for the Liberal Party, led by former Bank of Canada and Bank of England governor Mark Carney, with a contract on Myriad Markets, a new prediction market, giving Carney a 74% chance of taking office.

Back in January, a poll tracker from CBC projected that the Conservative Party, led by Pierre Poilievre, could have made history winning up to 244 of the 338 seats in Canada’s Parliament.

Justin Trudeau’s Liberals may have been relegated to third place, an astonishing fall for a party whose leader entered Ottawa as one of Canada’s most liked. At the time, Quebec’s Bloc Quebecois – a federal party that solely exists to advance Quebec’s interests on the national stage – assumed the role of official opposition.

But much has changed since then.

January 6 was the day that Trudeau announced his resignation and polls reflected the last days of what one columnist for the National Post described as a “legacy of chaos and disaster.”

This is continuing coverage of the Canadian election as part of an exclusive arrangement between myriad markets and Consensus by CoinDesk. Consensus 2025 will take place in Toronto May 14-16.

The Conservative party had already been in campaign mode weeks before Trudeau’s resignation, latching on to inflation and Canada’s declining post-Covid affordability and were rewarded with it handsomely in the polls.

Voters weren’t impressed with the Liberal’s proposals on carbon taxes and Trudeau’s plans for housing affordability were seen as not scratching the surface of the problem.

On January 7, there was no Trudeau. Without a foil, Poilievre was suddenly less effective and likeable. While the Conservatives have a whole library of policies, the headline was about Trudeau. There was no other ballot box question. Polls showed that the Conservative’s lead was beginning to slip.

Then Donald Trump entered the fray.

A trade war with Canada’s largest trading partner – something unfathomable a year ago – became a reality.

Carney won the race to replace Trudeau as Liberal leader – temporarily becoming the country’s prime minister. With Carney at the helm, the Liberals leaped into a significant lead nationally.

Carney, a former central banker, outpaced Poilievre in favorability ratings, reflecting widespread public sentiment that an experienced central banker was more trustworthy to handle pressing economic challenges than a lifelong partisan operative.

Carney’s significant experience on Bay Street, Wall Street, and in central banks ticked a lot of the right boxes for the electorate, putting him on track, as Myriad Markets’ election contract shows, to be elected as Canada’s twenty-fourth prime minister.

The Canadian election contract is one of the 30-odd markets currently on the platform, which cover a variety of topics from crypto prices, to the launch date of Grand Theft Auto VI.

Myriad Markets is a brainchild of the Decrypt and Rug Radio team, which launched it last year as part of a “interconnected media ecosystem” that integrates on-chain prediction markets alongside written and video content.

Crypto not on the Ballot

The Trump campaign doubled-down on crypto in the election as a way to get swing voters to the ballot box.

As Conservative party leader, Poilievre said in late 2022 that he wanted to make Canada the “Blockchain capital of the world”. Disclosures show he holds shares in the Purpose Bitcoin ETF.

A 2022 survey from the Ontario Securities Commission showed that 13% of Canadians owned crypto assets, of which most were male and under 45.

One might wonder, then, why crypto isn’t a bigger issue in this election. It could be that part of the reason why is corporations are not allowed to fund political operations as they do in the United States; around $120 million – or about half of all corporate money donated – in the last election came from crypto companies.

Poilievre likely believes crypto is not worth dwelling on amid broader economic uncertainty and cross-border tensions that are top-of-mind for voters.

Crypto industry groups are waiting until after the election to press their case, seeing it as tone-deaf to push on crypto issues right now.

Whoever wins, they will have to work closely with Canada’s provinces, which control securities regulation. This is likely why crypto has only gotten moderate attention in Parliament in Ottawa. Any sort of development would likely come from the Provinces.

Crypto regulation in Canada is a featured topic at Consensus 2025 in Toronto, which takes place from May 14-16.

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

The CoinDesk 20 is currently trading at 2372.84, down 1.4% (-32.6) since 4 p.m. ET on Wednesday.

Two of the 20 assets are trading higher.

Leaders: HBAR (+2.5%) and ICP (+0.7%).

Laggards: LTC (-4.9%) and FIL (-4.5%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Decentralized finance (DeFi) protocol Umoja has released a product that allows Coinbase wrapped BTC (cbBTC) token holders to earn a 6% yield on layer-2 network Base.

Umoja achieves its yield by tapping into a range of centralized and decentralized exchange strategies including covered calls and arbitrage, which involves buying an asset at on one venue and simultaneously selling it for a higher price on another venue.

It’s worthing noting that cbBTC is a wrapped token and not bitcoin (BTC) itself, it is an erc20 token backed 1:1 by bitcoin held at Coinbase.

The Umoja protocol supports a number of Yield Vault Tokens (YVTs) collateralized by cryptocurrencies (including real world asset tokens).

One of those YVTs is yBTC, which is minted once users deposit cbBTC on the protocol.

Acquiring a yield on BTC using DeFi strategies has been a controversial topic for bitcoin maximalists, who are generally opposed to the DeFi sector and altcoins.

However, as BTC continues its plunge from above $100K to the April 7 low of $74.8K, investor demand for achieving a yield to mitigate against spot value losses looks set to increase.

Japanese firm Metaplanet has recently started to earn a yield on bitcoin by purchasing spot assets at the same time as put options, then selling premium on put options as price slumps.

Inflation in the U.S. actually declined at the headline level and the core rate barely rose, possibly reigniting debate about whether the Federal Reserve would resume trimming rates at its next meeting in May.

The Consumer Price Index (CPI) fell 0.1% in March. Economists had expected a 0.1% increase, following February’s 0.2% gain. On a year-over-year basis, headline CPI increased just 2.4% compared to forecasts of 2.6% and February’s 2.8%.

Core CPI, which strips out volatile food and energy prices, climbed only 0.1% in March against forecasts 0.3% and February’s 0.2% reading. Core CPI rose 2.8% year-over-year, well shy of expectations for 3% and and February’s 3.1%.

The price of bitcoin (BTC) rose modestly to above $82,000 in the minutes following the news.

Thursday morning’s CPI report, of course, contains data from prior to President Trump’s “Liberation Day” sweeping tariff announcements last week that sent market into a multi-day panic, a portion of which was recovered yesterday following the president’s 90-day pause.

Prior to the tariff pause and market recovery, traders had been busily pricing in a rate cut to come at the Fed’s next meeting in May. Just prior to the CPI data, though, those odds had been whittled back to just 17%. For now, June is looking like the action meeting, with a 75% chance of 25 basis points or more of rate cuts by the end of that event.

Looking ahead, attention turns to Friday’s Producer Price Index (PPI) report, which may further shape expectations for Fed policy in May.

Tariffs and trade tensions could ultimately be positive for bitcoin (BTC) adoption in the medium term, asset manager Grayscale said in a research report Wednesday.

Higher tariffs result in stagflation— stagnant economic growth coupled with inflation — which is negative for traditional assets, but positive for scarce commodities such as gold, the report said.

Bitcoin is considered hard money, akin to digital gold, and is viewed as a modern store of value, the report noted.

Cryptocurrencies surged on Wednesday following President Donald Trump’s announcement of a 90-day pause on tariffs for countries that haven’t retaliated against the U.S.

“Trade tensions may put pressure on reserve demand for the U.S. Dollar, opening space for competing assets, including other fiat currencies, gold, and bitcoin,” Grayscale said.

Historical precedent suggests that dollar weakness and above-average inflation may persist, and bitcoin is likely to benefit from such a macro backdrop, the asset manager said.

“A rapidly improving market structure, supported by U.S. government policy changes” could help broaden bitcoin’s investor base, the report added.

Read more: Trump Administration Wants Weaker Dollar and That’s Positive for Bitcoin: Bitwise