Trump’s Truth Social Moves Forward with Bitcoin ETF Amid Broad Crypto Regulatory Developments in 2025

The social media platform, Trump’s Truth Social, has advanced its plans to introduce a spot Bitcoin ETF by submitting an S-1 form to the SEC. Meanwhile, the US government has confiscated cryptocurrency assets and shut down 145 domains associated with the darknet marketplace BidenCash, which facilitated the illegal exchange of stolen credit card information. Industry experts, including a venture capitalist from Foresight Ventures, see favorable regulatory developments around Bitcoin reserves and stablecoins as major catalysts for the 2025 market cycle, potentially propelling Bitcoin's value beyond $150,000. However, the Singapore High Court has rejected WazirX’s restructuring proposal following its $230 million hack, putting its efforts to refund users on hold. Additionally, Botanix Labs has expanded its Bitcoin Layer-2 network by onboarding 16 new node operators, like Galaxy and Fireblocks, to promote decentralization. The SEC continues to grapple with regulatory uncertainties as emerging crypto ETFs challenge existing frameworks, amid a shift toward less oversight under the new administration.