Crypto markets surged this week as $BTC jumped 25% amid a flurry of regulatory developments. The SEC issued new crypto rules while the CFTC signaled it will step in with its own framework if the Clarity Act stalls in Congress. Meanwhile, the FASB accounting body released guidance allowing stablecoins to be treated as cash equivalents on balance sheets—a potential game-changer for corporate adoption. Tether completed its first-ever audit by a Big 4 firm, addressing long-standing transparency concerns. The combination of price momentum and regulatory clarity is fueling speculation that the prolonged bear market may be nearing its end.