February in charts: SEC drops 6 cases, memecoin craze cools and more

February by the numbers: Bitcoin adoption is growing, but memecoins are pumping the brakes.

The crypto industry has had a memorable month in February, with major policy changes on the horizon and growing Bitcoin adoption globally.

A new report this month shows that the Bitcoin network is decentralizing apace. Public companies now account for 35% of global hashrate, and China’s dominance in hashrate has decreased to 14%.

In the US, the crypto industry is seeing significant progress on the legal front as the Securities and Exchange Commission (SEC) dropped or paused five major legal proceedings against crypto-related entities. 

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