Bitcoin's price has fallen to its lowest point since 2025. It started the week at approximately $98K, dropped to $83K, and is currently stabilizing around $84.5K.

The impact of Trump's tariffs is straining cash flow and contributing to revised market predictions.

SEC closes Gemini investigation, Winklevoss slams damage to crypto

The SEC has concluded its investigation into the crypto exchange Gemini without pursuing any enforcement action. This decision aligns with several other recent cases where the SEC has closed investigations within the crypto industry.

Gemini Co-Founder Cameron Winklevoss criticized the SEC for its damage to Gemini and the crypto industry, costing millions in legal fees and stifling innovation. Winklevoss called for reforms, including reimbursement for legal costs, accountability for SEC officials, and lifetime bans for those who misuse the law.

Patrick McHenry joins a16z and Stripe as senior advisor

Former U.S. House Financial Services Committee Chair Patrick McHenry has joined Andreessen Horowitz (a16z), a leading venture capital firm, as a senior advisor, with a focus on helping startups and emerging companies navigate bureaucratic challenges.

A staunch advocate for the crypto industry, McHenry previously co-sponsored critical legislation on crypto market structure and stablecoin regulation. Earlier this month, he joined the board of senior advisors at Stripe's prominent payment technology company.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research before making any investment decisions.

The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of TheStreet Crypto. This piece is for informational purposes only and should not be considered financial or investment advice.