1. President-elect Trump plans to appoint pro-cryptocurrency hedge fund manager Scott Bessent as Treasury Secretary, which has attracted significant attention from the crypto market.
2. SEC Chairman candidate Teresa Goody Guillén has stated her intention to 'make cryptocurrencies great again,' which is seen as a significant positive for the crypto industry.
3. Tether has issued 1 billion USDT on the Ethereum chain, demonstrating further support for market liquidity.
On November 23, 00:47 (UTC+8), Tether issued 1 billion USDT on the ETH chain, transaction hash: 0x89996ae677d34cee077abcfceba8b26c498f72b74cd2dad6708c0aad488eba23 Note: The above data is sourced from OKLink - Original
4. A US court has approved President Trump's request to dismiss his 'hush money' criminal case, with political factors potentially influencing the policy direction of the crypto market.
Odaily Planet Daily news: A New York judge on the same day approved President Trump's request to dismiss his 'hush money' criminal case, setting December 2 as the deadline for Trump to submit his motion to dismiss, and requiring prosecutors to respond by December 9. It is reported that the sentencing date for Trump's 'hush money' case was originally scheduled for November 26. Manhattan District Attorney Bragg earlier this week requested that New York State Supreme Court Judge Juan Merchan consider postponing all proceedings in the case until Trump's presidential term ends. Trump's lawyers argue that this case poses a so-called 'unconstitutional obstacle' to Trump's ability to govern, and therefore must be dismissed. - Original
5. Multiple crypto companies, including Ripple and a16z, are vying to join the cryptocurrency advisory committee established by President Trump, hoping to have a say in policy reform.
BlockBeats reports that on November 22, multiple executives in the digital asset industry revealed that many crypto companies, including Ripple, Kraken, and Circle, are competing for seats on the cryptocurrency advisory committee promised by President Trump, seeking a voice in the planned US policy reforms. Several top US crypto companies are vying for a say. One source revealed that venture capital firm Paradigm is among them, and a16z, the crypto division of venture capital giant Andreessen Horowitz, is also expected to secure a seat. The source added that Coinbase, the largest cryptocurrency exchange in the US, is also interested in joining the committee. - Original
6. Marathon Digital has once again purchased 5,771 bitcoins, further solidifying its position in the Bitcoin market.
7. The UK plans to draft a regulatory framework for the cryptocurrency industry early next year to promote compliance and development.
UK Economic Secretary Tulip Siddiq stated at a meeting in London on Thursday that the UK plans to draft a regulatory framework for the cryptocurrency industry early next year. - Original
8. South Korean crypto lending company Delio has been declared bankrupt by the court, requiring the sale of assets to repay creditors, reflecting the financial difficulties faced by some crypto companies.
The South Korean crypto lending platform Delio was declared bankrupt by a Seoul court after users suddenly became unable to withdraw approximately 245 billion won (175 million USD) in cryptocurrency last year. Before making this decision, the company experienced severe operational disruptions and financial losses, leading to the initiation of liquidation proceedings. As part of the bankruptcy process, Delio will be required to sell its assets and distribute the proceeds to creditors. Creditors have been instructed to submit claims by February 21, 2025. A creditors' meeting for Delio is scheduled for March 19, where the future direction of the company's operations will be discussed and possibly decided. - Original
9. The resignation of SEC Chairman Gensler has sparked hopes for a potential softening of cryptocurrency regulatory policies.
In recent years, the agency has brought multiple major cases against large companies in the industry, including cryptocurrency exchange Coinbase, because the company was not legally registered with the agency. The agency could also take a less aggressive approach and reach some compromises in ongoing cases. - Original
10. Polymarket has suspended access for French users due to a regulatory investigation, highlighting compliance challenges facing the crypto market.
Decentralized prediction market platform Polymarket has announced a suspension of access for French users. This move comes weeks after the French National Gambling Authority (ANJ) launched a compliance investigation into the platform. The investigation originated from a large bet placed by a French trader on Trump's victory in the 2024 US presidential election on the platform. Although Polymarket has implemented an IP ban, users can still access the platform via VPN, according to French cryptocurrency news site The Big Whale. As of the time of publication, Polymarket's terms of service have not been updated to reflect the new restrictions. - Original
11. MicroStrategy's pre-market trading is active, showing continued strong interest in Bitcoin.
12. Binance's compliance team is expanding, and it is expected that the number of full-time compliance staff will reach 645 by the end of the year, reflecting the importance placed on compliance.
Binance stated that it expects its full-time compliance staff to reach 645 by the end of this year, a 34% increase from November last year, reflecting its ongoing efforts to rapidly expand its compliance department. According to a statement released by Binance on Friday, the exchange already has over 1,000 staff focused on compliance, including contractors. (CoinDesk) - Original
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