);)
Despite numerous rumors surrounding his chairmanship, Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), reiterated his stance on regulating the cryptocurrency market. In a speech on the 14th, Gensler stated that as long as he remains the chairman, he will continue to enforce regulations on the approximately 10,000 tokens he considers securities.
2. Trump Prepares to Appoint 'Pro-Crypto' Figure as CFTC Chair
The Trump transition team is reportedly considering Rostin Behnam, a current CFTC commissioner and 'pro-crypto' figure, for the next chair of the U.S. Commodity Futures Trading Commission (CFTC). Reuters reported on the 14th, citing sources, that the Trump transition team is considering Behnam for the CFTC chair position in the next administration. Behnam previously served as chief of staff for Republican Senator John Thune and has criticized the CFTC's crypto enforcement actions on several occasions.
3. 'Wall Street Exchange' EDX Achieves 50.6 Trillion Won in Trading Volume by 2024
The 'Wall Street Financial Institution Exchange' EDX recorded a total cumulative trading volume of about $360 billion (approximately 50.6 trillion won) by 2024. According to data released by EDX on the 14th, EDX's daily trading volume increased by about 59% in the third quarter of this year, and EDX processed over 200 million transactions and 26 billion orders in October. EDX, launched in collaboration with 6 global financial institutions including Citadel Securities, Fidelity, and Charles Schwab, was dubbed the 'ultimate crypto exchange' at its launch due to its 'strong backing'.
4. Pennsylvania Introduces Bill to Allow State Treasury to Acquire Bitcoin as Reserve Asset
At the Pennsylvania state legislature meeting on the 14th, a bill was introduced that would allow the state treasury to acquire Bitcoin as a reserve asset to combat inflation. Republican Representative Mike Carrell introduced a bill that would allow the state treasury to allocate up to 10% of its funds to Bitcoin purchases.
5. Trump Nominates 'Pro- Bitcoin ' Matt Gaetz as Attorney General
President-elect Trump appointed 'pro- Bitcoin ' Congressman Matt Gaetz of Florida as the next Attorney General on the 14th. Gaetz has previously introduced a bill to allow the payment of taxes in Bitcoin .
6. Trump's 'World Liberty Financial' Selects Chainlink as Oracle Provider
The DeFi project 'World Liberty Financial' being developed by the Trump family announced on the 14th that it has integrated Chainlink's price feed functionality to provide real-time price data within the DeFi project.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
