- The U.S. SEC is in talks with El Salvador about a crypto “sandbox,” which could potentially open doors for U.S. brokers.
- Russia is launching a crypto exchange for wealthy investors, and a new Bitcoin treasury vehicle, Twenty One Capital, has emerged.
Bitcoin is currently trading at $92,398, down 1.88% in the last 24 hours, taking a breather after a strong upward trend. However, there are significant developments happening behind the scenes that could push the price even higher. These involve regulatory changes and institutional interest, suggesting a growing acceptance of Bitcoin.
Key Developments
The U.S. Securities and Exchange Commission (SEC) is exploring a unique collaboration with El Salvador’s National Commission on Digital Assets (CNAD) to create a cross-border crypto sandbox. This would allow U.S. brokers to issue non-security tokens under El Salvador’s more relaxed rules and apply for digital asset licenses. SEC Commissioner Hester Peirce is reportedly supporting this initiative, viewing crypto as a tool for economic diplomacy.
If approved, this sandbox could provide institutional investors with access to token issuance outside the SEC’s strict control, without breaking U.S. laws. This is a significant step towards mainstream adoption of Bitcoin.
Meanwhile, Russia is also moving towards legitimising crypto. The Central Bank and Finance Ministry have given the green light for a digital asset exchange aimed at “super-qualified investors” in 2025. To participate, individuals need to have substantial assets or income. This platform, run by the Moscow and St. Petersburg exchanges, will operate under a regulatory sandbox. As reported by BitcoinMagazine,
Russia to launch crypto exchange for ‘super-qualified investors.
In the private sector, Strike CEO Jack Mallers recently announced Twenty One Capital, a Bitcoin-focused treasury vehicle inspired by MicroStrategy. With $3.9 billion in seed Bitcoin and backing from SoftBank and Bitfinex, it will trade under the ticker XXI. As Mallers puts it,
A public stock built by Bitcoiners, for Bitcoiners.
From a trading perspective, Bitcoin is maintaining a steady position above the 0.236 Fibonacci level at $92,800, indicating a relatively stable trend. Strong support is observed at $91,600, with additional support levels at $90,610 and $89,600. On the upside, key resistance levels to watch are $94,737 and $96,525.
Overall, Bitcoin is not only increasing in price but also gaining regulatory acceptance. The SEC’s engagement with El Salvador and Russia’s crypto sandbox indicates that traditional financial regulators are adapting to a Bitcoin-driven world. Furthermore, with increased capital flowing into ETFs and treasury strategies, the current pullback could simply be a pause before the next surge.
BTC Bull Token Presale
With Bitcoin trading around $93,000, there’s growing interest in BTC Bull Token ($BTCBULL). This Ethereum-based meme coin, which offers Bitcoin rewards, has raised $4.8 million and is approaching its next price milestone at $5.64 million. Staking currently provides an impressive 84% APY along with Bitcoin payouts, making it an appealing opportunity for investors.
Staking rewards and BTC airdrops have contributed to the token’s growing popularity among crypto investors and meme coin fans. With strong demand and limited time remaining, now could be a smart moment to secure $BTCBULL at presale prices before the next price increase.