Pi Network price eyes massive gains after the PI core team released its first major update in nearly one month, fuelling speculation about a potential listing on the Binance exchange. The feature, which involves mainnet wallet activation, will ensure that individuals who have fulfilled KYC requirements can access the blockchain.
Despite this feature marking a major milestone for Pi Coin, the price remains under bear control with a slight 1.8% decline in 24 hours to trade at $0.58.
Pi Network Price Eyes 2025 Gains after Mainnet Wallet Activation
Pi Network has launched a new feature that will allow users who have been KYC’d to activate their mainnet wallet on the blockchain, which will bolster accessibility and bode well for the price in 2025. In a blog post, the Pi Coin team stated that the new feature will unlock transparency, which is one of the key issues that the PI community has raised regarding why the token is not being listed on top exchanges.
As Coingape reported, experts have attributed PI’s lack of transparency to few exchange listings, but with this issue almost being solved, the altcoin may be poised for recovery. The mainnet wallet activation feature has also added an element of decentralisation, as people who are not on the Pi Network can now access the mainnet. The team noted,
“This feature largely reduces the steps and time required for non-users to receive Mainnet wallets and interact directly with Pi utilities, which in turn onboards more people into the Pi Mainnet ecosystem sooner.”
With the new update seeking to resolve the issues around transparency and decentralisation, PI may list on exchanges that have been shunning it due to regulatory concerns. Doing so will trigger gains for the Pi Network price and result in massive gains in 2025.
PI Technical Analysis as Rally to $1 Nears
The price of Pi Network is eyeing a breakout rally as a falling wedge pattern on the four-hour chart suggests that a 16% reversal rally is looming that will push the altcoin to resistance at $0.71. If PI can clear this level and then push above $0.80, it will create room for the next bullish leg to $1.
The falling ADX line further aligns with this bullish Pi Network price prediction as it is an indication that the current downtrend is weak, which paves the way for the price to recover. If the selling activity that has been pushing PI lower eases, then there is room for an upward trend will emerge.
PI/USDT: 4-Hour Chart
To sum up, the Pi Network price outlook for 2025 is positive due to updates like the recent mainnet wallet activation that may trigger listing on top crypto exchanges. In the coming weeks, PI may overcome resistance at the upper trendline of a falling wedge pattern and aim for $1. Once it breaks this psychological level, an upswing to all-time highs may be on the horizon.
India’s New Income Tax Bill, proposed in 2025, has raised serious concerns about digital privacy. If passed, the bill would allow tax officials to access individuals’ emails, social media, and trading accounts starting from April 1, 2026. The government claims this measure is necessary to curb tax evasion, but many are worried about potential misuse and privacy violations.
Digital Locks No Longer Safe
Currently, tax officials do not have direct authority to check digital records, which has led to legal confusion. The new bill seeks to remove these uncertainties by officially granting them the power to access:
Email servers
Online banking and investment platforms
Social media accounts
Digital storage and applications
Beginning April 1, 2026, tax officers will have the legal right to investigate a person’s digital presence if they suspect tax evasion.
This means they could check emails, social media activities, bank accounts, trading records, and even personal messages to look for undisclosed income, gold, jewelry, or other valuable assets on which taxes have not been paid.
What does the Law say?
Under the current Income Tax Act, of 1961, officials can enter properties and seize documents if they believe someone is hiding financial details. The new bill takes this a step further by giving them access to digital records.
This means tax officers could check personal messages, emails, and online accounts if they think someone is evading taxes. While the government insists these powers will only be used in serious cases, many people worry about the lack of clear rules.
A Threat to Digital Freedom?
While the bill aims to improve tax compliance, legal experts and privacy advocates worry it could lead to excessive government surveillance. They argue that without proper safeguards, authorities might gain too much control, increasing the risk of harassment and misuse of personal financial data.
Possible harassment of taxpayers
Unnecessary scrutiny of personal information
Threats to digital rights and privacy
Critics fear that businesses and individuals could face unfair investigations, and there are questions about how sensitive data will be handled and protected.
Bill is Currently In a Review
The bill is currently being reviewed by a parliamentary committee, and changes might be made before it becomes law. While the government sees this as a step toward better tax enforcement, concerns over privacy and misuse remain.
The post Indian Govt’s New Tax Law: Officials Can Access Your Emails & Social Media from April 2026! appeared first on Coinpedia Fintech News
India’s New Income Tax Bill, proposed in 2025, has raised serious concerns about digital privacy. If passed, the bill would allow tax officials to access individuals’ emails, social media, and trading accounts starting from April 1, 2026. The government claims this measure is necessary to curb tax evasion, but many are worried about potential misuse …
Cryptocurrency exchange Coinbase has announced it will add support for Reserve Rights (RSR) on the Base network. The exchange also mentioned that the transfers are already available on both Coinbase and Coinbase Exchange in regions where trading is supported.
Coinbase Listing Coincides With Paul Atkin’s Development
According to the announcement, trading for RSR will begin on or after 9AM PT on April 22, 2025. The news comes as the RSR token shows strong price performance across multiple timeframes. The token has jumped 7.7% in the past 24 hours, 7.2% over seven days, and also 24.3% over the past month.
Coinbase will add support for Reserve Rights (RSR) on the Base network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
This upward momentum coincides with recent developments related to Paul Atkins, who has connections to the Reserve Rights project and was recently confirmed as President Trump’s next Chairman of the Securities and Exchange Commission.
The timing of Coinbase’s announcement has drawn attention given the token’s connection to Atkins. He previously served as an advisor to the Reserve Rights Foundation during the project’s early development phase.
The top crypto exchange has provided specific details about how the RSR token will be integrated into its platform. The exchange will support Reserve Rights exclusively on the Base network.
The roll-out will be phased and trading will commence on or after 9 AM PT on April 22, 2025. With that noted, the timeline is subject to liquidity levels being met. When sufficient supply of RSR is accumulated on the exchange, trading will start on the RSR-USD trading pair first.
Atkins Connection And RSR Listing
Coinbase’s timing of listing RSR has been questioned due to the token’s connection to Paul Atkins. Atkins served as an advisor to the Reserve Rights Foundation. This was when the project was still in its early phase of development.
As a former SEC Commissioner before accepting his advisory role with Reserve Rights, Atkins advised the project when it was beginning. Reserve’s co-founder and CEO Nevin Freeman publicly praised Atkins’ contribution to the project. He also complimented his balanced way of regulating cryptocurrencies.
I’m pleased to hear that Paul Atkins is in the running for SEC chair!
Paul has been open to working with crypto clients in his consultancy since 2017. I believe he would take a principled approach and I’d be very excited to work with him and his team on productive rule makings… https://t.co/Xp88ha0H8z
Market experts have credited RSR’s recent price appreciation partially to hopes that Atkins’ SEC Chair nomination could bring a crypto-friendly regulatory period for cryptocurrency projects. This can be seen from the token’s robust performance.
The recent announcement comes amidst Coinbase’s renewed legal battle as Oregon’s Attorney General prepares to file a securities enforcement action against the cryptocurrency exchange.
Since US President Donald Trump assumed office, the Securities and Exchange Commission (SEC) has dropped, settled, or paused lawsuits against prominent crypto entities left and right. In stark contrast to the previous administration’s leadership under Chair Gary Gensler, the SEC seems to be parting from its previous crackdown on digital assets.
In an interview with BeInCrypto, Nick Puckrin, Founder of The Coin Bureau, and Hank Huang, Chief Executive Officer at Kronos Research, highlighted the substantial election influence the crypto industry had over Trump’s candidacy as a contributing factor to the SEC’s looser stance on crypto.
The SEC’s Approach Under Trump
The SEC has experienced a clear shift in its approach to crypto lawsuits under Trump’s presidency. Its move away from the aggressive enforcement tactics of its previous leadership has largely characterized this shift.
“When President Donald Trump won the US election, the crypto industry rejoiced. Finally, the ‘regulation by enforcement’ era, which the SEC under the leadership of Gary Gensler was so famous for, was about to come to an end. And the new administration didn’t disappoint. Within just a couple of weeks of Trump’s inauguration, the revamped SEC started dropping lawsuits against crypto firms left, right and center,” Puckrin said.
Two weeks ago, the SEC officially dropped its appeal and XRP lawsuit against Ripple Labs, ending a five-year legal battle. The Commission had originally accused Ripple of conducting an unregistered securities offering worth $1.3 billion through XRP sales.
“After more than four years in limbo, the SEC has officially decided that XRP is not a security (though what it is instead remains to be seen). This case has been weighing heavily on XRP – the fourth largest cryptocurrency with a market cap of roughly $130 billion– so its resolution is a major win,” Puckrin added.
The wider crypto community celebrated the outcome, with many arguing that it will set a precedent for how digital assets are classified in the US. This prediction is warranted, given that the SEC has been on a lawsuit-dropping spree.
The SEC has also dropped several ongoing investigations against OpenSea, Robinhood, Uniswap Labs, Kraken, and Gemini. It has also asked a federal court to issue a 60-day pause over its litigation against Binance. Meanwhile, the Commission settled its investigation into ConsenSys over its Ethereum software products.
These lawsuits surfaced in parallel to a series of crypto-friendly measures meant to foster greater innovation and curb potential regulatory suffocation that had existed during the Biden era.
Will New Leadership Define Clear Crypto Regulations?
A day after Trump assumed office, SEC Acting Chairman Mark Uyeda announced the creation of a dedicated crypto task force led by Commissioner Hester Peirce. The task force was reportedly designed to resolve long-standing ambiguities in the regulatory treatment of digital assets.
In all SEC crypto lawsuits, Commissioner Uyeda has implemented a strategy prioritizing industry engagement to develop regulatory frameworks that balance innovation and investor protection.
Meanwhile, Trump strategically nominated Paul Atkins, a crypto-curious, regulation-light candidate, to replace Gensler as head of the SEC. Just this week, the Senate Banking Committee voted to advance Atkins’ nomination to the full Senate.
Now, only a stone’s throw away from becoming SEC Chair, Atkins is expected to loosen regulatory oversight on crypto.
“With the establishment of a new Task Force and key appointees like Paul Atkins fostering innovation, Trump’s strategic move to create a Bitcoin reserve within the government further underscores his commitment to supporting the industry. The future of crypto regulations will be focused on less oversight and the beginning of a delicate but promising thaw in the regulatory landscape,” Huang added.
Though some say Trump’s handling of crypto affairs has resulted in a never-before-seen triumph, others are weary that his increasing involvement in the industry has turned out to be a recipe for disaster.
The Impact of Crypto Donations on Regulations
Several industry leaders went to great lengths to ensure that Trump became America’s 47th president. Millions of dollars in donations from crypto firms throughout Trump’s campaign illustrated these efforts.
According to a Public Citizen report, over $119 million from crypto corporations went into influencing the 2024 federal elections, largely through Fairshake, a non-partisan super PAC backing pro-crypto candidates and opposing skeptics.
Crypto corporations donated over $119 million to the 2024 federal elections. Source: Public Citizen
Coinbase and Ripple, among others who stand to profit, directly provided over half of Fairshake’s funding. The remaining funds mostly came from billionaire crypto executives and venture capitalists. Notable contributions included $44 million from the founders of Andreessen Horowitz, $5 million from the Winklevoss twins, and $1 million from Coinbase CEO Brian Armstrong.
So far, big crypto’s spending strategy is paying off with a more favorable environment.
Without a clear framework to guide the crypto industry following these dropped lawsuits, this lax approach risks being short-lived. Ultimately, this could tarnish long-term crypto adoption.
“Somehow, all these victories feel somewhat hollow after the reputation of the crypto industry has been tarnished by the billions of dollars in combined losses from meme coin scams. Meanwhile, Hayden Davis, the mastermind behind LIBRA, continues to launch fraudulent meme tokens, despite being on the Interpol wanted list,” he said.
A 2024 report by Web3 intelligence platform Merkle Science revealed that meme coin rug pulls cost investors over $500 million. The February LIBRA incident showed how this trend was carried over to 2025. Nansen data revealed that 86% of investors lost $251 million, while insiders pocketed $180 million in profits.
Though crypto scammers may be charged with related crimes like wire fraud or money laundering, rug pulling is legal. Better said, it’s unaccounted for. No regulation holds crypto insiders responsible for meme coin scams.
“As crypto becomes an ever more mainstream asset class, consumers need to be protected against those who choose to use it for nefarious purposes. One way to do this is through education, and that’s our job as an industry. But deterring scams and extractive behavior is the job of the regulators. And it’s time they stepped up to the task,” Puckrin told BeInCrypto.
If the SEC doesn’t take advantage of this opportunity to curb the consequences that meme coin scams can produce, it will result in an enormous setback for the industry.
Comprehensive Regulation Beyond Dropped Lawsuits
Puckrin illustrated the need for heightened regulatory clarity in crypto by drawing attention to the way the SEC penalizes insider trading in the context of traditional investing.
“In traditional investing, insider trading is a serious crime. In the US, it’s punishable by fines of up to $5 million for individuals and prison sentences up to 20 years. Similarly, federal penalties for engaging with illegal gambling activities include up to five years in prison. Perpetrators of memecoin scams must be punished with the same level of severity, because the result is the same: manipulating markets and cheating unsuspecting investors out of their savings,” he said.
Puckrin clarified, however, that the issue isn’t solely about penalizing fraudsters. Just as the SEC’s past overregulation hindered the industry, the current lack of meme coin rules creates an environment where new scams and exploitative schemes can easily flourish.
“Yes, the removal of lawsuits is great news for blockchain innovation, but something needs to replace it. Indeed, serious cryptocurrency firms have never advocated for an unregulated Wild West. What they want is clarity and rules that are fit for the nascent blockchain industry – not just a copy-and-paste of existing financial regulations that simply don’t work for crypto,” he said.
Although the Trump administration has only been in place for four months, the clock is ticking, and meaningful change takes time.
Unanswered Questions Loom
Puckrin expressed concern over the current administration’s prioritization of lawsuit dismissals instead of working faster to implement transcendental crypto regulation.
“My concern is that regulators will keep kicking the can down the road with crypto regulation, having gained the approval of the industry for dropping the many lawsuits that were stifling its growth. And this is incredibly dangerous,” he told BeInCrypto.
Meanwhile, critical questions that only the SEC can define remain unanswered.
“What are memecoins and who will ensure another LIBRA fiasco doesn’t happen? Are utility altcoins now commodities and if so, will the Commodities Futures Trading Commission (CFTC) regulate them? And, importantly, what do we do about compensating investors who have lost billions to crypto fraud?” Puckrin concluded.
The SEC’s current direction promises a regulated renaissance or a breeding ground for future crises.
With billions lost and critical questions unanswered, the future of crypto hinges on whether the regulatory body will translate its recent shift into a lasting framework that fosters innovation without sacrificing investor protection.
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