According to Reuters, Trump's "Crypto Advisory Committee" is expected to build the promised Bitcoin reserves. Two sources said the crypto committee may be affiliated with the White House National Economic Council (responsible for coordinating and implementing the president's economic policies) or an independent White House agency. According to them and other industry insiders, the committee is expected to provide advice on digital asset policies, work with Congress to advance cryptocurrency legislation, build Trump's promised Bitcoin reserves, and coordinate between agencies including the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Treasury Department. One source also said that the committee may include law enforcement representatives and former policymakers.

OKX market data shows that SOL rose to 259.9 USDT and is currently trading at 257.53 USDT, with a 24-hour increase of 10.95%, setting a record high.

According to CoinDesk, the U.S. District Court for the Northern District of Texas has invalidated the Securities and Exchange Commission's (SEC) rule that broadened the definition of a securities dealer to encompass more firms, including those in the cryptocurrency sector. This decision marks a significant legal setback for the SEC under Chair Gary Gensler, coinciding with his announcement of resignation effective January. The court's ruling came in response to a lawsuit filed by the Blockchain Association and the Crypto Freedom Alliance of Texas. The judge, Reed O’Connor, criticized the SEC for overstepping its legal boundaries, stating that the agency exceeded its statutory authority by implementing a broad definition of a dealer that was not aligned with the Exchange Act's text, history, and structure. Consequently, the court ordered the rule, finalized in February, to be discarded. An SEC spokesperson mentioned that the agency is reviewing the decision and will determine the appropriate next steps. The contested rule was part of several initiatives under Gensler's leadership aimed at asserting the SEC's regulatory authority over crypto businesses. The expanded dealer definition was criticized by the industry for being overly vague and imposing unrealistic demands on decentralized finance (DeFi) operations and crypto traders who did not provide dealer services. The swift legal response from the court represents a notable victory for the crypto industry against the SEC, which has been actively pursuing legal actions against the sector. In his resignation announcement, Gensler highlighted the agency's efforts to protect investors and its legal successes in enforcing securities laws, despite the challenges posed by the evolving crypto landscape. Kristin Smith, CEO of the Blockchain Association, hailed the court's decision as a triumph for the digital asset industry. She argued that the SEC's dealer rule was an unlawful attempt to extend its regulatory reach beyond the authority granted by Congress. With the court's ruling, the digital asset industry is shielded from what she described as an unlawful regulatory overreach by the SEC.

OKX market data shows that BTC rose and briefly broke through 98,500 USDT, and is now reported at 98,556 USDT, with a 24-hour increase of 5.38%, continuing to set a new historical high.

Crypto's memecoin mania may be spiraling out of control. source: https://dailycoin.com/from-quant-to-just-a-chill-guy-how-crypto-degeneracy-hinders-adoption/?utm_source=cryptopanic&utm_medium=rss

According to market sources, Trump Media Technology Group submitted a service application called TRUTHFI on Monday, describing it as a crypto payment platform.

According to BlockBeats, on November 22, documents revealed that the U.S. Securities and Exchange Commission (SEC) has been urged to withdraw the broker rules that serve as the foundation for a lawsuit involving ConsenSys and decentralized finance (DeFi) exchanges. The request highlights ongoing tensions between regulatory bodies and the rapidly evolving DeFi sector, which operates on blockchain technology to facilitate financial transactions without traditional intermediaries. The call for revocation comes amid growing scrutiny of DeFi platforms, which have gained popularity for their ability to offer financial services without the need for centralized control. Critics argue that the SEC's current regulatory framework is ill-suited for the unique characteristics of DeFi, potentially stifling innovation and growth in the sector. Proponents of DeFi emphasize the importance of creating a regulatory environment that supports technological advancement while ensuring consumer protection and market integrity. This development is part of a broader debate on how best to regulate emerging financial technologies. As DeFi continues to expand, regulators worldwide are grappling with the challenge of balancing oversight with the need to foster innovation. The outcome of this case could have significant implications for the future of DeFi regulation in the United States and potentially influence global regulatory approaches.

According to Odaily, recent market reports indicate that the U.S. Securities and Exchange Commission (SEC) is facing calls to withdraw rules that form the basis of a lawsuit involving ConsenSys. These rules specifically target broker regulations impacting decentralized finance (DeFi) trading platforms. The request for the SEC to reconsider these broker rules comes amid growing concerns within the DeFi sector. Stakeholders argue that the current regulations could stifle innovation and hinder the growth of decentralized platforms, which operate differently from traditional financial systems. The lawsuit involving ConsenSys highlights the tension between regulatory frameworks and the rapidly evolving DeFi landscape. As the DeFi market continues to expand, the call for regulatory clarity becomes increasingly urgent. Proponents of DeFi emphasize the need for a balanced approach that protects investors while fostering technological advancement. The outcome of this situation could have significant implications for the future of DeFi platforms and their integration into the broader financial ecosystem.

Sui crypto network, a Layer-1 blockchain, has taken a significant step forward in enhancing liquidity and driving innovation within its ecosystem. In a strategic move, the network has integrated FDUSD, one of the emerging stablecoins. This marks the first expansion of FDUSD to a new blockchain since its launch last summer. The collaboration underscores Sui’s […] The post Sui Crypto Integrates... source: https://www.thecoinrepublic.com/2024/11/21/sui-network-integrates-fdusd-to-drive-ecosystem-liquidity/

According to market sources, the U.S. Securities and Exchange Commission (SEC) has been asked to revoke the broker-dealer rules that formed the basis of the ConsenSys lawsuit and targeted the DeFi trading platform.

One view is that the reason why ETH has been sluggish for a long time is that it is now in the stage of changing dealers, and large financial institutions on Wall Street are becoming new dealers and gradually taking over the chips of previous wild dealers.

Meme, is an old VC who has gone through three rounds of value investment anxious about this round of meme? Golden Finance, what is wrong with VC Token?

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

Bitcoin is heading for $100,000, but the cryptocurrency trading community is very quiet. Why is it that when Bitcoin rises recently, the altcoins fall, and when Bitcoin falls, the altcoins also fall?

The encryption industry has gone through "turbulent times" along the way, and now "the boat has passed through thousands of mountains."

A deep dive into the potential opportunities for collaboration between cryptocurrencies and consumer AI (artificial intelligence)

Golden Picture, the future financial storm is coming, BTC exceeds 100,000 US dollars. Golden Finance, the increase in 15 years is more than 1.72 million times, the future financial storm is coming.

If Web3 payments are mainly based on transactions using the money we have now, then PayFi allows us to use tomorrow's money to make transactions.

The on-chain activity has been very high recently, with Bitcoin on its way to 100,000, and the Meme track also constantly creating wealth.

Recommended readings tonight: 1. The signal of change in the global economic and financial system has been released; 2. Sun Yuchen bought the $Ban site for $6.2 million. Is Comedian $Ban still available for purchase? ; 3. Why is the meme coin market developing so amazingly?