Bitcoin Holds Above $85,000 As Treasury Drops Wallet Reporting Plan, CFTC Proposes Crypto Rules

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Bitcoin remained above $85,000 as the Treasury dropped its proposed rule requiring reporting on certain crypto wallets, easing a potential compliance burden for users and firms. Separately, the CFTC proposed new rules for crypto markets, signaling continued regulatory development. Together, the moves point to a shifting US policy landscape, though the report does not establish that either announcement drove Bitcoin’s price.

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