Weekly Crypto Roundup: Lyn Alden Favors Bitcoin Over Gold, Justin Sun Settles With SEC for $10M and X Eases Global Crypto Ad Rules
Lyn Alden said Bitcoin is likely to outperform gold over the next 23 years as she positions BTC against gold's recent rally. The FBI arrested the son of a custody firm CEO on the island of Saint Martin in connection with an alleged $46M theft from US Marshals Service crypto wallets, while the SEC ended its three-year case against Justin Sun with a $10M settlement that resolves fraud and securities allegations involving Tron and BitTorrent Foundation. The IRS has proposed making electronic delivery of Form 1099DA mandatory for crypto exchange users instead of paper copies, and X has removed its worldwide ban on paid crypto promotions under new labeling requirements, although restrictions remain in the EU, UK and Australia. PeckShield data show February crypto losses fell to $26.5M, marking the lowest monthly loss total since March 2025.