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US lawmakers in the Senate Banking Committee have canceled a session to vote on Caroline Crenshaw's nomination for a second term at the SEC, making her confirmation before Republicans take control in January increasingly unlikely. Crenshaw, who has served under both Trump and Biden, faces opposition from crypto interest groups labeling her as "more anti-crypto" than SEC Chair Gary Gensler. If not confirmed, she may be replaced or her seat left vacant before 2026.
As 2025 approaches, XRP, Rollblock, and Cardano emerge as top contenders in the crypto market. Rollblock is revolutionizing the $500 billion iGaming sector with its deflationary tokenomics and extensive gaming library, while XRP shows potential for a breakout toward $5 amid favorable regulatory changes. Cardano's recent surge, supported by whale investors, positions it for possible resistance tests near $2 and $3, highlighting its strong market confidence.
President-elect Donald Trump met with Crypto.com CEO Kris Marszalek at Mar-a-Lago to discuss cryptocurrency policies, including a proposed national Bitcoin reserve. This meeting coincided with Crypto.com dropping its lawsuit against the SEC, aiming to collaborate with the new administration on regulatory frameworks. Trump has also made key appointments favoring the crypto industry, including David Sacks as his “AI and crypto czar.”
President-elect Donald Trump met with Crypto.com CEO Kris Marszalek at Mar-a-Lago to discuss potential crypto appointments and Bitcoin reserves. The meeting aligns with Trump's strategy to appoint crypto advocates to key financial positions, aiming to establish clear regulations for the industry.As Trump transitions, he has already nominated Paul Atkins as SEC Chairman and is expected to announce the CFTC chair soon. Meanwhile, Crypto.com has filed a lawsuit against the SEC, challenging its jurisdiction over crypto assets and seeking clarity on regulatory oversight.
Anchorage Digital has obtained a BitLicense in New York, allowing it to provide secure and cost-efficient crypto trading for institutions starting early next year. This milestone comes amid increasing demand for Bitcoin and related investment products. Meanwhile, Genesis Global Trading has settled with New York regulators, forfeiting its BitLicense and paying an $8 million fine due to compliance failures.
Donald Trump has announced a bold plan to eliminate 10 regulations for every new one introduced, aiming to stimulate job growth and economic innovation. His administration is set to create a more crypto-friendly environment, with key appointments like Paul Atkins as SEC Chair and a focus on establishing a strategic bitcoin reserve. Additionally, Trump has appointed Elon Musk and Vivek Ramaswamy to lead the newly formed Department of Government Efficiency, tasked with cutting regulations and reducing federal spending.
US lawmakers are making a final push to confirm Caroline Crenshaw for another term at the SEC before Democrats lose control in January. The Senate Banking Committee, led by Sherrod Brown, has scheduled a vote for Dec. 18 after delays attributed to Republican opposition linked to corporate interests, particularly from the cryptocurrency sector. Crenshaw, who has served since 2020, faces criticism for her stance on crypto regulations, and her confirmation is crucial as the SEC may shift to a Republican majority with potential changes in leadership.
Bitcoin surged past $106,000 following Donald Trump's pro-crypto remarks and plans for a strategic reserve, igniting enthusiasm among investors. The anticipated appointment of Paul Atkins as SEC chair could foster a more cooperative regulatory environment, potentially positioning the U.S. as a global crypto hub.
TD Cowen predicts that the SEC will likely proceed with crypto regulations without Democratic commissioners in the new year, following the departures of Chair Gary Gensler and Commissioner Jaime Lizárraga. Commissioner Caroline Crenshaw, the only remaining Democrat, faces challenges in her renomination, which could lead to an all-Republican commission under Chair Paul Atkins. This shift may expedite rule-making but poses risks to bipartisan support, potentially affecting the stability of future crypto regulations.
MicroStrategy's stock surged nearly 5% following its announcement of acquiring an additional 15,350 bitcoins for $1.5 billion, bringing its total holdings to approximately 440,000 bitcoins. The company will also join the Nasdaq 100 on December 23, replacing three other firms. Despite skepticism from some analysts regarding its strategy, MicroStrategy's shares have skyrocketed over 580% this year.
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