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The SEC published a new staff accounting bulletin rescinding SAB 121, which set certain rules for financial firms wanting to hold crypto.

Some $6 billion of the notional value in bitcoin is currently set to expire out of the money.

Euro zone banks need a digital euro to respond to U.S. President Donald Trump's push to promote stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday. Trump said he would "promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide" as part of a broader crypto strategy that he sketched out in an executive order issued on Thursday. Cipollone said this would help lure even more customers away from banks and strengthen the case for the ECB to launch its own digital currency in response.

Selling pressure for Bitcoin has been reduced greatly after realizing daily profits as high as $10 billion as the asset approached $100,000 in December.

President Donald Trump’s administration is expected to usher in a boom time for crypto but a Reuters review shows very few members of the incoming congress are invested in bitcoin or other digital currencies. On Thursday, Trump signed an order to create a cryptocurrency working group to open up the regulatory framework, and just days before he took office he launched a new crypto token. But while many Republicans in Congress have pledged to support Trump’s agenda, a Reuters review of the most recent financial disclosures by the 535 incoming members of Congress found that few have made personal investments in crypto: only 13 members of the House and Senate had investments in cryptocurrencies as of their most recent filings.

Did you know that if you invested just $100,000 in Bitcoin (CRYPTO: BTC) 10 years ago, you'd be up more than $43 million today? Bitcoin has been soaring in popularity in recent years, proving to be one of the best investments you could have owned over the past decade. Many investors have been hesitant to invest in crypto, but for those who have and held on, the gains have been monstrous.

Bitcoin soars to $108,899 on inauguration day, followed by Ross Ulbricht’s pardon, new SEC crypto regulations, legislative advances by Senator Lummis, and a violent attack on a Ledger wallet founder.