Want to know what’s happening in the crypto world today? Here’s the latest news on daily trends and events impacting the price of Bitcoin, blockchain, decentralized finance, non-fungible tokens, web3, and crypto regulation.
Today in the crypto world, the CEO of Crypto.com met with President-elect Donald Trump to discuss the country’s digital asset policies, a European lawmaker called on the EU to create a strategic reserve of Bitcoin while rejecting the proposed adoption of a central bank digital currency (CBDC), and CyberKongz said it received a notice from Wells from the US Securities and Exchange Commission, which could spell trouble for gaming tokens.
Trump Meets Crypto.com CEO
US President-elect Donald Trump met with Crypto.com CEO Kris Marsalek to discuss the country’s crypto policies, signaling the incoming administration’s willingness to follow through on its pro-crypto proposals.
According to a social media post, Marsalek traveled to Trump’s Mar-a-Lago resort in Florida to discuss the possibility of creating a strategic reserve of bitcoin. The two also discussed crypto-related appointments in the incoming Trump administration.
The meeting took place on the same day that Crypto.com voluntarily dropped its lawsuit against the Securities and Exchange Commission (SEC).
Marsalek initially revealed his intention to sue the SEC in October “to protect the future of crypto.”
In a written statement to Cointelegraph, a Crypto.com spokesperson said the exchange dismissed the lawsuit to highlight its “intent to work with the incoming administration on a regulatory framework for the industry.”
“No to CBDC, Yes to Bitcoin” – European MEP Calls for EU Bitcoin Reserve
European Parliament member Sara Knafo has called on the European Union to create a strategic reserve of Bitcoin while rejecting the proposed adoption of a “digital euro,” a central bank digital currency under development by the European Central Bank.
Knafo, a French judge and member of the European Parliament since June, gave a pro-Bitcoin speech.
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Letter calling on European lawmakers to launch a strategic reserve of Bitcoin.
“No to a digital euro, yes to a strategic reserve of Bitcoin,” Knafo said in a post on X, which included a video of her speech to the European Parliament.
The lawmaker said it was time to stop the ECB's "totalitarian temptations," calling for a shift from regulatory overreach in cryptocurrencies to embracing the decentralized nature of Bitcoin.
“It is time to change the paradigm,” said Knafo. “It is time to protect our people from inflation and the bad economic choices of our countries. It is time to say no to the totalitarian temptations of the European Central Bank, which wants to impose a fully digital euro in its hands.”
'Major Implications' for Gaming Tokens After CyberKongz Receives SEC Notice
Gaming tokens may suffer a setback after non-fungible token (NFT) platform CyberKongz was hit with a Wells Notice by the US securities regulator.
The US Securities and Exchange Commission (SEC) has raised “troubling rhetoric” that an ERC-20 token cannot be issued alongside a blockchain game without first registering it as a security, CyberKongz reports.
CyberKongz explained that such rhetoric would have “significant implications” for the Web3 gaming industry, adding that it would “advocate against this position more broadly.”
Since then, the CyberKongz team has received words of support from Axie Infinity co-founder, Jehoz Zerlin, who is “confident that the new administration will end the oppression of our people.”
