How is the Crypto Market Today (10/20/25)?

Jakarta, Pintu News – The crypto world is on the move again with three big news that shook the market on October 20, 2025. US President Donald Trump confirmed his meeting with Chinese President Xi Jinping in Seoul, sending cryptocurrency markets soaring.

On the other hand, Japanese financial authorities are considering allowing banks to hold crypto assets such as Bitcoin (BTC), while Tornado Cash developer Roman Storm warned of potential dangers for open-source developers after his legal case in the United States.

The combination of these three events reflects the evolving complexity between global politics, monetary policy, and crypto regulation.

Trump and Xi Jinping are set to meet, crypto markets are on the rise

President Donald Trump officially confirmed that he will meet with President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) forum in Seoul, South Korea, on October 31, 2025.

This statement came as a surprise after Trump previously said there was no reason to attend the meeting. In an interview with Fox News, Trump praised Xi as a “strong leader” and emphasized the importance of a “fair and mutually beneficial” trade deal.

This news was welcomed positively by the crypto market as it was perceived to ease geopolitical tensions that had previously depressed digital asset prices. Bitcoin (BTC) and Ethereum (ETH) prices rose by around 2-3% following the announcement, while Solana (SOL) and BNB also recorded daily gains of almost 4%. At an exchange rate of $1 = Rp16,575, the surge increased the value of the global crypto market to the equivalent of Rp1.2 quadrillion, marking a significant recovery after a week of volatility.

Read also: 1 Pi Network (PI) Price in Indonesia Today (10/20/25)

Japan ready to allow banks to hold bitcoin and crypto

Meanwhile, the Japan Financial Services Agency (FSA) is reportedly reviewing regulations that could allow banks in Japan to hold cryptocurrency assets such as Bitcoin (BTC) for investment purposes. This policy marks a potential major shift from previous rules that prohibited banks from owning crypto due to the risk of high volatility.

According to a report by Livedoor News, the FSA will discuss these reforms at a meeting of the Financial Services Council, an advisory body to the Japanese government. The aim is to harmonize digital asset management with conventional financial products such as stocks and government bonds.

If approved, Japanese banks will be required to meet strict capital and risk management standards before they can hold crypto. This move could pave the way for global financial institutions to more confidently invest in Japan’s crypto market, while strengthening its position as a center of digital finance innovation in Asia.

Read also: Altcoins skyrocketed by 40%, why did the crypto market rise today (10/20/25)?

Roman Storm Warning: DeFi Developers Can Get Caught in the Law

Amid positive news from the US and Japan, the crypto world was also struck by a warning from Roman Storm, the developer of Tornado Cash, who is facing a legal case in the United States. Through a post on platform X (Twitter), Storm warned open-source developers and decentralized finance (DeFi) players that they risk retroactive prosecution from the US Department of Justice (DOJ).

Storm questioned how someone could be accused of being a money service business (MSB) just for creating a non-custodial protocol. He emphasized that if developers like himself can be charged, then there is no guarantee of legal safety for other crypto developers in the United States.

The Tornado Cash case is now an important symbol in the debate between open innovation and financial regulation. Analysts warn that if Storm is found guilty, it could create a dangerous legal precedent that threatens the future of open blockchain software development.

Conclusion

Rising cryptocurrency prices, financial policy reforms in Japan, and legal warnings from Tornado Cash developers show how diverse the dynamics of the crypto industry are today. From the political negotiating table to the courtroom, each event has a direct impact on the direction of the market and public perception of digital assets. One thing is certain: crypto is no longer just a technological phenomenon, but an integral part of the ever-changing global financial system.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Here’s what happened in crypto today. Accessed October 20, 2025.
• Featured Image: Generated by Ai