The Cardano price had a mostly flat week, now trading around $0.63. However, popular YouTube channel ‘Crypto Capital Venture’ released a viral video to their 399k subscribers, with Cardano at the center.
Donald Trump just signed the first crypto bill into U.S. law. This new law stops the IRS from forcing tax reporting rules on decentralized crypto platforms. It basically cancels the DeFi broker rule that came about during Biden’s time in office.
This is a big win for crypto developers in the U.S. Before this, the rule would have made decentralized protocols report to the IRS, even if no one person controlled them. Now, developers won’t face these heavy reporting duties.
The video host says this is just the beginning of crypto-friendly policies. He thinks this new law keeps the door open for more innovation in DeFi and self-managed finance. It also helps the U.S. stay ahead in digital innovation and not fall behind countries like China.
President Donald J. Trump has officially signed the bill to repeal the “DeFi Crypto Broker Rule.”
— Rapid Response 47 (@RapidResponse47) April 11, 2025
It is the first cryptocurrency bill ever signed into law by a president. pic.twitter.com/VYIwJ4hfvt
Why Cardano Stands to Benefit
Cardano is in a good spot right now, according to the video. Its focus on being decentralized, scalable, and secure makes it well-positioned as crypto regulations improve. The host believes Cardano could be at the center of a multi-chain, multi-trillion dollar ecosystem.
Paul Atkins is now the SEC Chair, which could be good for Cardano. Atkins has been on Cardano’s YouTube channel before to talk about crypto rules. This suggests he knows about Cardano and might understand decentralized tech better than previous regulators. The video also notes that community figures like Daniel Friedman congratulated Atkins, showing that Cardano may now have a friend in Washington.
Charles Hoskinson, who created Cardano, recently predicted Bitcoin could reach $250,000 by the end of this year or next. More importantly, he’s working on connecting Bitcoin and Cardano for DeFi use. He plans to show this at a Bitcoin conference in Las Vegas soon. If this works, Cardano could become an important bridge for Bitcoin users to access DeFi services. The host notes that Charles has never sounded so energized about this project.
There might also be a partnership forming between Ripple and Cardano. Ripple recently used Cardano’s logo in one of their videos. While this is just a guess, it could mean the two networks might work together soon, possibly with an announcement coming in May. This could lead to cross-chain liquidity and real-world asset collaboration.
Looking at price charts, the host sees Cardano trading around $0.63-$0.64, entering what he calls an “opportunity zone” similar to what happened with Ethereum before its big price jump. He thinks that if Cardano breaks above certain price levels, especially the 200-day average, more buyers might jump in.
The host does warn viewers to be ready for some boring sideways price movement before any big upward moves. He mentions historical patterns that show months of “brutal” consolidation might still be ahead. He suggests focusing on the long-term rather than daily price changes and is personally using visualization techniques to prepare for a potentially drawn-out bottom. He notes that ADA may need to hold and break through the $0.65-$0.74 range before a clear trend change happens.
Read also: Cardano’s Founder Hints at XRP Partnership – What It Means for ADA
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