According to Odaily, Grayscale Research has released a report indicating that the U.S. Senate will begin reviewing President-elect Trump's nominations for leadership positions in his cabinet and various government agencies in early January. The appointments for Treasury Secretary, Commerce Secretary, SEC Chairman, and CFTC Chairman are particularly significant for the cryptocurrency market. While Grayscale Research anticipates that the upcoming Congress will consider crypto-related legislation, this is likely to occur only after lawmakers address tax and other pressing issues.

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