What happened last night...December 5th Cryptocurrency morning news

1. Jerome Powell, Chairman of the Federal Reserve, "Bitcoin competes with gold, not the dollar" Jerome Powell, Chairman of the Federal Reserve, said in an interview with The New York Times on the 4th that Bitcoin (BTC) is not usable as a currency due to its price volatility and is a speculative asset that can be compared to gold. He answered a question about whether the recent surge in Bitcoin means a loss of confidence in the dollar and the Federal Reserve, saying "Bitcoin is a competitor to gold, not a competitor to the dollar." 2. Trump officially appoints Paul Atkins as the next SEC Chairman The President-elect Trump has confirmed Paul Atkins as the next SEC Chairman to replace Gary Gensler. The President-elect Trump wrote on his X account, "I have appointed Paul Atkins as the next SEC Chairman. He is a proven leader and understands the value of digital assets." Paul Atkins is a well-known 'pro-cryptocurrency figure' in American politics, and has repeatedly pointed out the mismanagement of the SEC under Chairman Gensler in congressional hearings. He testified that the SEC's operations should be adjusted and its regulatory enforcement against the industry should be stopped. 3. Putin: "No one can ban Bitcoin" Vladimir Putin, the President of Russia, mentioned the global nature of Bitcoin in an interview at a forum on the 4th. In response to a question about economic sanctions, he said, "New technologies are emerging, various means of payment are being developed, and in the case of Bitcoin, no one was able to stop it." 4. Woorisystem Investment to sell its 108x profitable stake in Dunamu It has been revealed that Woorisystem Investment is pursuing the sale of its stake in Dunamu, a subsidiary of Upbit. According to a domestic media report on the 4th, Woorisystem Investment, which has held about 7.22% of Dunamu's shares for about 55 billion won since 2015, is now considering selling its Dunamu stake worth about 593.9 billion won. 5. Ripple's stablecoin RLUSD failed to launch on the expected date of the 4th amid market expectations Contrary to market expectations, Ripple's stablecoin RLUSD, which was rumored to be launched on the 4th, did not launch on the expected date. Ripple stated through its official X account on the 4th that the New York Department of Financial Services (NYDFS) is still reviewing the approval for the launch of RLUSD, and that RLUSD will appear in the market while complying with the highest regulatory standards. As RLUSD did not launch on the expected date, XRP fell by about 7%.