Pi Network's price struggles follow its mainnet launch in February 2025, which initially saw trading restrictions that limited its listing on major platforms. After being listed on Bitget, OKX, and MEXC, the project experienced a sharp decline in value.
If the Cryptocurrency Working Group established by Trump is as enthusiastic as its mastermind, we could see some bold policy frameworks issued in the USA. Countries like India and the EU have been generally conservative in their approach to crypto, even though there is no outright ban.
With its support for Flávio, Bitget becomes the first crypto exchange to participate in the competition and will have its own car in Latin America's largest Grand Touring category.
Dubey highlighted concerns about cryptocurrency, pointing out that Reserve Bank of India (RBI) Governor Shaktikanta Das has consistently stated that cryptocurrencies are not legal tender. Despite this stance, the Supreme Court ruled against restrictions on cryptocurrency exchanges, allowing them to continue operations.
The announcement comes amid the growing adoption of stablecoins globally. Last year, stablecoin transaction volumes surpassed those of Visa and Mastercard combined, signaling a shift in how digital assets are being utilized for everyday transactions.
