1. Musk Proposes Using Blockchain in DOGE
Elon Musk has been selected by President Donald Trump to lead the newly established Department of Government Efficiency, where he proposed incorporating blockchain technology as part of the department. According to insiders, Musk stated that using a digital ledger would be a cost-effective way to track federal spending, protect data, make payments, and manage construction. Insiders revealed that several representatives from public blockchains have met with DOGE's affiliates. The establishment of the department aims to address the federal government's $6.7 trillion spending in fiscal year 2024, which Musk referred to in October as "wasted" funds. He promised that the department—abbreviated as a tribute to Musk's favorite cryptocurrency, Dogecoin (DOGE)—would cut this figure down to a maximum of $2 trillion. Given the department's name and Trump's determination to create crypto-friendly policies in the U.S., Musk's plan to incorporate blockchain technology is not surprising. In addition to creating DOGE on January 20, Trump also signed an executive order establishing a digital asset working group led by venture capitalist David Sacks, tasked with identifying all current regulations involving crypto within 30 days. -Original
2. Trump Administration Appoints Bessent as New Treasury Secretary
Scott Bessent's nomination has been approved by the U.S. Senate, and he will become the chief financial officer of President Donald Trump's administration, serving as one of the executors of the cryptocurrency directive established by the president last week. Bessent is a billionaire and former hedge fund manager who did not give the cryptocurrency industry much opportunity during his nomination hearing earlier this month, but he is a well-known digital asset enthusiast. His boss, Trump, has arranged a team for him to guide the federal government in establishing a friendly oversight system. The Senate passed Bessent's nomination on Monday night with a vote of 68 to 29, and he will officially join Trump's cabinet after taking the oath of office, permanently replacing former Treasury Secretary Janet Yellen. A core part of Trump's agenda is to extend tax cuts, so this primary task may push cryptocurrency down the list, although the president did include cryptocurrency in the opening remarks of his executive order. Senate Finance Committee Chairman and Idaho Republican Senator Mike Crapo referred to Bessent as "one of the sharpest minds in global finance" before Monday's confirmation, stating that "his background and training are tailor-made for this role." Trump's cryptocurrency order will allow Bessent's Treasury to play a role in a government working group—supported by "the personal expertise of leaders in digital assets and digital markets"—to develop a U.S. cryptocurrency policy strategy. His department is one of those required to submit a report to the White House within two months on how to amend existing regulations or create new regulations at the Treasury, while a broader group must "propose regulatory and legislative proposals" within six months. He will also be responsible for erasing the cryptocurrency work directed by former President Joe Biden. The order also prohibits the study of a U.S. central bank digital currency (CBDC), although other jurisdictions, including China, are actively adopting and testing such currency, which has never made breakthrough progress in the U.S. As a nominee, the former CEO of Key Square Group told senators at his confirmation hearing that he saw "no reason" to pursue the idea of a domestic CBDC, further winning favor among cryptocurrency insiders who have been concerned that the government might pursue a digital dollar. However, he was not asked about cryptocurrency policy. Nevertheless, Bessent is not unfamiliar with digital assets. In his lengthy financial disclosures, he invested hundreds of thousands of dollars of personal wealth into Bitcoin (BTC) exchange-traded funds (ETFs). When he received Trump's nomination, these assets were liquidated. At the Treasury, Bessent will also oversee its Financial Crimes Enforcement Network, which has taken enforcement actions and developed rules regarding crypto services, particularly those involving so-called mixing services that attempt to grant users anonymity through mixed transactions, making them difficult to trace. The Treasury's financial crime division has focused on digital assets, as they are a popular means of trafficking and child exploitation. Bessent's department is also responsible for managing U.S. financial sanctions, which have historically allowed the federal government to intervene in overseas activities, such as sanctions imposed on the mixer Tornado Cash, although these sanctions were recently overturned in federal court. Trump's issuance of the cryptocurrency executive order paves the way for U.S. digital assets. -Original
3. MicroStrategy Plans to Acquire More Bitcoin
According to market news, MicroStrategy has applied for mixed securities to potentially acquire more Bitcoin and for general corporate purposes. -Original
4. Wintermute Deposits $69.33 Million USDC into Binance
Wintermute deposited $69.33 million USDC into Binance in the past 24 hours. -Original
5. Federal Reserve Reverse Repo Operations Hit New Low
The Federal Reserve accepted a total of $92.863 billion from 26 counterparties in fixed-rate reverse repo operations, marking a new low not seen since April 2021. -Original
6. Ripple Obtains Licenses in New York and Texas
Digital asset infrastructure company Ripple has obtained Money Transmitter licenses in New York and Texas, aiming to expand its business in the U.S. market. -Original
7. CFTC Plans to Discuss Cryptocurrency Market Issues
According to official news, Caroline D. Pham, acting chair of the U.S. Commodity Futures Trading Commission (CFTC), plans to initiate a series of public roundtable discussions on trends in market structure evolution and innovation, including issues related to affiliated entities and conflicts of interest, prediction markets, and digital assets. In the coming months, the CFTC will engage with industry leaders, market participants, other market structure experts, and public interest groups through publicly transparent roundtable meetings to provide the CFTC with the best information and latest data. -Original
8. French Senate Passes Cryptocurrency Tax Law
The French Senate has passed the 2025 budget, which includes a tax on "non-productive wealth" for Bitcoin and other cryptocurrencies. This tax will be levied annually on unrealized gains from crypto assets, meaning that even if cryptocurrency holders do not sell their assets, they will still be taxed. The proposal is currently awaiting a vote in the National Assembly. -Original
The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com).
免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。