What happened last night...Cryptocurrency morning news for December 18th

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Graphic = Reporter Park Hye-su
Graphic = Reporter Park Hye-su
1. Crypto.com CEO withdraws SEC lawsuit after meeting with President-elect Trump
Crypto.com CEO Chris Marszalek held a meeting with President-elect Trump at Trump's residence in Florida on the 17th, and subsequently withdrew the lawsuit he had filed against the U.S. Securities and Exchange Commission (SEC) in October last year. Marszalek revealed on his X account that he had a meeting related to the cryptocurrency industry in the new administration at Trump's residence in Florida. Previously, in October last year, Crypto.com had received a 'Wells Notice' from the SEC, which is a notification prior to formal prosecution, and subsequently filed a lawsuit against the SEC.

2. BlackRock's 'IBIT', the most successful ETF in 10 years
BlackRock's Bitcoin (BTC) spot exchange-traded fund (ETF) 'IBIT' recorded a net inflow of about $418.8 million on the 16th (local time), surpassing the net inflow of ETFs launched in the past 10 years. According to data released by financial data platform Factset Investor on the 17th, IBIT has recorded a total net inflow of $36.3 billion since its launch, making it the ETF with the highest net inflow among those launched in the U.S. since 2014.

3. Anti-cryptocurrency SEC Commissioner Caroline Crenshaw ousted from SEC
Caroline Crenshaw, an 'anti-cryptocurrency' SEC Commissioner, was ousted from the SEC on the 18th. Crenshaw was scheduled to have a vote on her second term at the Senate Banking Committee hearing on the 18th, but the hearing vote was suddenly canceled, and Crenshaw's dismissal from the SEC was decided. Crenshaw was a figure who voted against the approval of Bitcoin spot ETFs and was at the forefront of the lawsuit between Ripple and the SEC.

4. U.S. Treasury Department sanctions UAE company for supporting North Korea's money laundering with Bit
The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has, in cooperation with the United Arab Emirates (UAE) government, added a UAE trading company to the sanctions list on the 18th, suspected of having previously assisted North Korea's money laundering using Bit.

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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