... unpredictable factor. The decision by the U.S. Securities and Exchange Commission (SEC) to approve spot Bitcoin ETFs marks a breakthrough, but authorities may impose new requirements as the market evolves. Close regulatory oversight is necessary to prevent manipulation and protect investors, and any sudden tightening of regulations—such as increased capital requirements for banks dealing with crypto assets or unfavorable tax changes—could slow the influx of institutional capital. The regulatory ...

... society in the fight against corruption: support for public initiatives and NGOs. 4. Hong Kong: Establishment of the Independent Commission Against Corruption (ICAC): an autonomous body with broad powers. Integrated approach, including law enforcement, prevention and education: work in three directions simultaneously. Active work with the public and business: conducting educational campaigns and involving all sectors of society in the fight against corruption. The fight against corruption is a complex ...

... of cryptocurrencies into the financial system poses new threats. Infrastructure failures—from smart contract vulnerabilities to exchange thefts—can trigger chain reactions in adjacent markets. Regulators must promptly update oversight measures to prevent such failures. Global Regulatory Inconsistency. The U.S. may set the tone, but global cryptocurrency regulation remains fragmented. For instance, the EU has introduced its own legislation (MiCA), while several countries maintain strict limitations....

... that legalization would create a false impression of cannabis harmlessness. They predicted an increase in addiction and mental health disorders. Educators: The Teachers' Association expressed concern that easier access to marijuana would complicate prevention efforts among schoolchildren. Despite the formal ban on minors, reduced stigma may make marijuana more appealing to teenagers. Law Enforcement: Representatives from various federal police agencies and the Federal Criminal Police Office (BKA) ...

... there are signs of a bubble (record ratios, excitement surrounding specific sectors), there are also factors that were not present before – the unprecedented role of technology, the global nature of markets, and proactive government policies aimed at preventing crises. Whether the current extreme overvaluation will be quickly corrected by a crash or whether high multiples will become the “new normal” for the coming years is a question with no definitive answer. The U.S. stock market is balancing ...