The Russian Central Bank has announced plans to lift restrictions on financial instruments tied to Bitcoin and other cryptocurrencies, a move that could attract Russian billionaires to the crypto market. In a related development, SEC Chairman Paul Atkins has directed his staff to begin drafting new rules for Bitcoin and other cryptocurrencies. Atkins stated that the crypto markets have been 'languishing in SEC limbo for years' and emphasized that the SEC should 'embrace and champion' innovation in the sector, marking a 'new day at SEC' where Bitcoin is 'no longer in limbo'. Atkins also expressed his desire for the SEC to allow registrants to custody and trade both securities and non-securities under one roof, which could streamline operations for investors under 'one license' and potentially open new avenues for cryptocurrency trading.