US lawmakers to make a last-ditch effort to confirm SEC commissioner
Caroline Crenshaw may still have one more chance to be confirmed for a second term as an SEC commissioner before the next session of Congress. Go to Source
Politics
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Softbank announces $100B investment in US AI infrastructure
The announcement came at President-elect Donald Trump’s Mar-a-Lago estate in Florida. Go to Source
French Hill poised to chair House Financial Services Committee in 2025
The Arkansas Representative is expected to take over leadership at the House committee crucial to digital asset policy following the departure of Patrick McHenry. Go to Source
FTX debtors recover $14M in political donations
A bankruptcy court filing showed FTX’s debtors reached settlements with political action committees and state-level Democratic parties over political contributions. Go to Source
Dark money group tied to crypto tries to quash SEC nomination vote
The Cedar Innovation Foundation launched an attack ad ahead of a congressional committee vote on Caroline Crenshaw’s renomination as an SEC commissioner. Go to Source
Trump’s BTC reserve plan would be a ‘bad deal,‘ — ex-NY Fed president
Bill Dudley joined others in suggesting the only purpose of a US government Bitcoin reserve would be to reward Trump’s crypto supporters. Go to Source
Trump’s new crypto czar called OpenAI a ‘piranha for-profit company’
David Sacks’ professed views on OpenAI’s business restructuring seemingly align with Elon Musk’s. Go to Source
Kalshi gives Paul Atkins 93% odds to be Trump’s SEC Chair pick despite mixed reports
At the time of publication, the incoming administration had not made any official announcement regarding its pick for SEC chair. Go to Source
Ripple’s XRP surges to 2024 high amid Trump win, stablecoin optimism
Donald Trump’s election win, an anticipated conclusion to the SEC lawsuit and an expected stablecoin project may have contributed to the XRP price surge. Go to Source
South Korea’s Democratic Party agrees to delay crypto tax by 2 years
South Korea’s Democratic Party previously pushed back against another delay, saying it was a political trick by the ruling party. Go to Source