Bitcoin is a commodity for the CFTC and property for the IRS; trading and mining are lawful at the federal level
Spot bitcoin ETFs were approved and listed in 2024, giving institutional capital a compliant on-ramp
States differ sharply: New York's BitLicense is strict, while Texas and Wyoming are conspicuously friendly to mining and custody
History & key events
2017CME launched bitcoin futures
2021Coinbase listed on Nasdaq
2024Spot bitcoin ETFs approved and listed
Top node cities
201(name omitted)
77Ashburn
71Chicago
57Los Angeles
46Tukwila
39Santa Clara
33Richardson
29Las Vegas
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