What Happened Last Night···December 16 Cryptocurrency Morning News

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Graphic = Reporter Park Hye-soo
Graphic = Reporter Park Hye-soo
1. Jack Mallers "Trump will start accumulating BTC as a government reserve asset on the first day of his presidency"
Jack Mallers, CEO of the BTC wallet and banking service Strike based on the 'Lightning Network', appeared on a YouTube podcast on the 16th and claimed that President-elect Trump will start accumulating BTC as a government reserve asset on the first day of his presidency. Mallers explained that based on the Dollar Stabilization Act to protect the value of the dollar, President-elect Trump will purchase BTC to maintain the value of the dollars held by the U.S. government. Mallers specifically cited the '2024 Bitcoin Act' proposed by Cynthia Lummis in July 2024, which stipulates that the U.S. government will accumulate 1 million BTC over 5 years, purchasing 200,000 BTC per year.

2. 'Thai Power Broker' Thaksin "Exploring a BTC payment pilot program in Phuket"
Thaksin Shinawatra, the former Prime Minister of Thailand and the father of the current Prime Minister, emphasized the potential of BTC in a special lecture on the 14th, and revealed that the Thai government is exploring the possibility of allowing BTC payments in a pilot program in Phuket. Thaksin also explained that the Thai government is studying the issuance of a stablecoin linked to government bonds.

3. Eric Trump "Considering tax exemption for U.S. issued cryptocurrencies"
Eric Trump, the son of President-elect Trump, announced in an official speech at an event in Abu Dhabi on the 13th that they are considering tax exemptions for cryptocurrencies issued by U.S. companies such as ALGO, ADA, XRP, and HBAR. If these cryptocurrencies are granted tax exemptions, they could benefit from up to a 37% tax exemption.

4. Trump Family's 'World Liberty Financial' Purchases 35.9 Million Won Worth of ONDO
The financial news feed 'Egger News' reported on the 16th that 'World Liberty Financial', a DeFi project run by the Trump family, purchased about $250,000 (approximately 35.9 million won) worth of ONDO.

Reporter Kwon Seung-won ksw@blockstreet.co.kr

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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