Today’s cryptocurrency landscape is buzzing with significant developments that capture the attention of participants. Fresh data, key statements, and insights from the SEC’s cryptocurrency task force meetings contribute to shaping perceptions about the market’s potential. Yet, there is even more to consider.
Global Giants Dive into Cryptocurrency
BlackRock, the world’s largest asset manager, is leading the way, compelling others to engage in the cryptocurrency sector. The recent optimism surrounding regulatory changes in the U.S., bolstered by the return of Trump, is generating bold new declarations regarding the industry’s future. Major players have hinted that they could pursue cryptocurrency investments, provided a suitable legal framework is established. Today, Citi announced its consideration of offering cryptocurrency custody services, while State Street plans to launch similar services within the next year. These announcements confirm that established institutions are adopting this significant shift. Both firms collectively manage trillions in assets, with their market valuations reaching hundreds of billions.
India and the U.S.
On February 13, 2025, U.S. President Donald Trump and Indian Prime Minister Narendra Modi launched a new initiative titled “U.S.-India COMPACT for the 21st Century” in Washington, D.C. Trump presented himself as a negotiator seeking favorable terms from all nations through additional tariffs.
This agreement aims to prevent further escalation in the global trade war. China, on the other hand, has expressed that there will be no winners in this conflict, signaling a willingness to negotiate. The implications of the agreement with India are extensive. Notably, India has agreed to purchase more oil, gas, and defense equipment from the U.S. Additionally, the U.S. aims to increase energy exports to address its trade deficit with India. Both the U.S. and India have pledged to work towards reducing trade barriers by lowering or eliminating customs duties.
