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[ Wed, Mar 05th 2025 ]: Fortune
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Crypto Can't Stop Fighting Itself

The least controversial of the major crypto bills would put rules around stablecoins, a type of privately issued digital cash that is pegged to the value of the U.S. dollar. But even this legislation is already wrapped up in crypto-versus-crypto drama.
The article from POLITICO discusses the pivotal moment for cryptocurrency, focusing on the upcoming Bitcoin halving event expected in April 2024, which will reduce the reward for mining new blocks by half, thereby potentially increasing Bitcoin's value due to decreased supply growth. It explores the broader implications of this event on the crypto market, including the regulatory environment, with the SEC's recent approval of Bitcoin ETFs signaling a shift towards mainstream acceptance. The piece also delves into the cultural and political dimensions of crypto, highlighting how it has become a battleground for ideologies about financial freedom, government control, and technological innovation. It mentions the internal conflicts within the crypto community, the rise of new technologies like Ethereum's smart contracts, and the ongoing debate over the environmental impact of Bitcoin mining. The narrative captures the tension between crypto's potential to revolutionize finance and the skepticism regarding its volatility, security, and the speculative nature of its market.

Read the Full Politico Article at:
[ https://www.politico.com/news/magazine/2025/03/05/cryptos-defining-moment-00213711 ]