Donald Trump reportedly plans an executive order to prioritize cryptocurrency, instructing regulatory agencies to collaborate with the industry and form a crypto council. This move could significantly impact the regulatory landscape for digital assets. #Breaking #Crypto (+8) ↗
The U.S. Securities and Exchange Commission’s General Counsel Megan Barbero will step down next week, joining other top officials in leaving the agency as President-elect Donald Trump prepares to take office. #Breaking #Legal @SECGov (-8) ↘
President-elect Donald Trump plans to issue an executive order prioritizing cryptocurrency, marking a shift from President Biden’s regulatory approach. This could include pausing litigation against firms like Ripple Labs and establishing a national Bitcoin stockpile. #Breaking #Crypto $BTC (+9) ↗
A new stablecoin has emerged from a marketplace for cyber-scammers, while @Sony’s Layer 2 solution faces real-world challenges. Meanwhile, the Lazarus Group reportedly stole $650 million in crypto this year. #Breaking #Crypto $BTC (-9) ↘
@WorldLibertyFi moved $59.8M in $ETH to Coinbase Prime, citing routine treasury management and not token sales. The project, linked to Donald Trump as “Chief Crypto Advocate,” holds $17.2M in digital assets. #Breaking #Crypto $ETH (+9) ↗
Marco Santori, chief legal officer at @krakenfx, has resigned after five years, transitioning to a senior advisory role amid speculation of joining the Trump administration. He praised regulators as “lovely people” during his announcement. #Breaking #Legal (+8) ↗
@Huione’s app has been removed from Google Play amid money laundering allegations, as reported by Elliptic. The platform, linked to cyber scams, saw transactions swell to $24 billion following the launch of its USDH stablecoin. #Breaking #Legal $USDH (-9) ↘
President-elect Donald Trump is reportedly considering including $XRP and $SOL in a national crypto reserve, aligning with his campaign promise to enhance the US digital economy, according to the New York Post. #Breaking #Crypto $XRP (+9) ↗
President-elect Donald Trump is considering creating a strategic reserve using US-based digital assets like $SOL, $USDC, and $XRP, potentially appointing crypto-friendly officials and ending debanking practices affecting startups. #Breaking #Crypto $SOL (+8) ↗
@Upbit faces potential business suspension and fines due to anti-money laundering violations, with 700,000 KYC procedure failures identified by South Korea’s Financial Intelligence Unit. Upbit has until Jan. 20 to respond before sanctions are finalized. #Breaking #Legal (-9) ↘
A Russian national was sentenced to seven years in prison for high treason after transferring cryptocurrency to the Ukrainian Armed Forces, marking one of the first cases involving crypto funding and treason. #Breaking #Legal #Crypto (-9) ↘
A US law firm, Burwick Law, plans legal action against Solana-based meme coin launchpad @PumpFun due to alleged harmful promotional activities affecting investors. The firm cites significant financial losses and questionable platform practices. #Breaking #Legal #Crypto (-8) ↘
The @SECGov filed a brief appealing a court ruling that found $XRP was not a security when sold to retail investors, seeking to classify all XRP sales as unregistered securities offerings. #Breaking #Legal $XRP (-9) ↘
Sony’s blockchain launch faces backlash as users claim censorship over memecoin trading, highlighting tensions between decentralization and corporate control. Savvy users bypass restrictions by routing transactions through Ethereum. #Breaking #Crypto (+8) ↗
