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U.S. CFTC Acting Chairman: Enforcement Division Restructured, Refocused on Combating Fraud

2025.02.05 09:32:08

On February 5th, as per CoinDesk, Caroline Pham, who is the Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC), declared that the regulatory agency has restructured its enforcement division in order to "recenter" its efforts on combating fraud and "shift away from regulation achieved solely through enforcement."
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Uzbekistan to Establish Special Crypto Mining Zone, Providing 10-Year Tax Exemption

April 23rd — Uzbekistan will launch a special cryptocurrency mining zone in Karakalpakstan, with mining income tax exemptions valid through 2035, per The Block. Named the “Besqala Mining Valley,” the zone covers the entire northwestern Uzbek region of Karakalpakstan, per a decree from President Shavkat Mirziyoyev. Core goals of the initiative include attracting investment, creating jobs, and expanding renewable energy use for crypto mining. Under the decree, mining operations in the zone may tap various renewable energy sources for power. Residents can sell mined cryptocurrency on local or overseas exchanges for cash or other tokens—but all proceeds from such sales must be deposited into banks within Uzbekistan.

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A certain high-leverage ETH short position closing plan is set to take profit, with the price target dipping to $2,280.

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