Source: Cointelegraph Original: "{title}"

While the market awaited White House cryptocurrency czar David Sacks to pump up their bags, the biggest news of the week quietly slipped away. Republicans did not announce a Bitcoin strategic reserve plan but merely reiterated plans to convene more committees to assess cryptocurrency legislation.

This much-anticipated press conference ultimately ended without any significant outcomes, and cryptocurrency prices plummeted after the event.

However, just before the press conference, SEC Commissioner Hester Peirce made a statement promising to embark on a new journey for cryptocurrency regulation. According to Peirce, the newly established White House cryptocurrency special working group will provide clear regulation for digital assets and rectify the mistakes made by former SEC Chairman Gary Gensler.

Most importantly, the working group suggested "retroactive relief" for cryptocurrency projects that have been crushed by the SEC's overreach.

This week's Crypto Biz newsletter discussed the latest statements from the SEC's "crypto mom." It also explored Bitwise's expectations for Bitcoin exchange-traded funds (ETFs) in 2025, MicroStrategy's hodl strategy, and the ongoing growth of real-world assets (RWA).

On February 4, SEC Commissioner Peirce stated that the SEC is paving a new path for the digital asset industry, which includes assessing the security status of certain assets and potentially providing "retroactive relief" for some token issuances that had previously angered the last SEC administration.

Peirce said, "It has taken us a long time to get into this predicament, and it will take some time to get out of it."

Specifically, the newly established cryptocurrency special working group under President Donald Trump is "advising the committee to take action to provide temporary forward-looking and retroactive relief for coin or token issuances under certain conditions," Peirce said.

Often referred to as "crypto mom" in the blockchain industry, Peirce stated, "The status of crypto assets under securities law is foundational to resolving many other issues. The special working group is working to study different types of crypto assets."

"The journey has begun," Hester Peirce's statement on cryptocurrency regulation. Source: SEC

Matt Hougan, Chief Investment Officer of Bitwise, stated that the success of the U.S. spot Bitcoin ETF is expected to continue into 2025, with inflows potentially exceeding $50 billion. If January's figures hold true, then the inflows by October could surpass this level.

Hougan said, "The spot Bitcoin ETF attracted $4.94 billion in January, which annualizes to about $59 billion."

Source: Matt Hougan

BlackRock's iShares Bitcoin Trust ETF accounted for a significant portion of January's inflows, reaching $3.2 billion. Following closely was Fidelity Wise Origin Bitcoin Fund, with net inflows of approximately $1.3 billion.

According to Bitwise's report from December, institutional investors are likely to "double down" on their Bitcoin allocations this year. According to ARK Invest, Bitcoin funds are "the most successful ETF funds in history."

Business intelligence firm Strategy (formerly MicroStrategy) has temporarily halted its Bitcoin purchases after breaking the pattern of selling stock to fund digital asset acquisitions.

According to Chairman Michael Saylor, Strategy did not sell any common stock between January 7 and February 2, ending a streak of 12 consecutive weeks of Bitcoin purchases. The previous week, the company had purchased over 10,000 Bitcoins, worth about $1 billion.

Strategy currently holds 471,107 BTC, with an average cost per coin of $64,511. This makes it the largest corporate holder of BTC in the world to date.

Despite the turbulent cryptocurrency market, real-world assets are quietly becoming one of the biggest growth points in the industry. According to data from RWA.xyz, the cumulative value of on-chain RWAs, excluding stablecoins, has reached $17.1 billion, with over 82,000 holders. This is the highest level ever recorded.

Tokenized private credit is the largest category of RWAs, reaching $11.9 billion, followed by U.S. Treasury bonds ($3.5 billion), commodities ($1.1 billion), institutional funds ($410.5 million), and non-U.S. government debt ($104.1 million).

RWA value by asset type. Source: RWZ.xyz

Edwin Mata, CEO of the tokenized private credit platform Brickken, told Cointelegraph that financial institutions will drive the growth of RWAs in the coming years.

He said, "With growing institutional interest and clear regulatory progress, tokenization will become a cornerstone of the modern financial system and one of the main narratives of blockchain, not just in 2025, but in the coming years as well."

Crypto Biz provides you with the pulse of the business behind blockchain and cryptocurrency every week, delivered directly to your inbox every Thursday.

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