🔔 MARKET MOVING NEWS! (21/01/25)
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U.S. President Trump Sidesteps Crypto on Day One ❓
Yesterday, the crypto community reeled in disappointment after US President Donald Trump failed to make any mention of crypto/digital assets during his inaugural speech. Notably, crypto did not make an appearance even in Trump’s “America First Priorities” executive actions. The crypto community had hoped Trump would address crypto regulation, a strategic Bitcoin reserve, or the overturning of the U.S. Securities and Exchange Commission’s (SEC) controversial rule “SAB 121” on Day 1 of his administration. Instead, Trump’s “America First Priorities” executive actions focused on traditional priorities such as withdrawing the U.S. from the Paris Climate Accord and the World Health Organization, freezing federal hiring across most agencies, and dismantling systems that allowed migrants to schedule port-of-entry appointments.
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World Liberty Financial Secures Trump-Related ENS Domain Names ▶️
According to Etherscan data, World Liberty Financial (the DeFi platform backed by U.S. President Donald Trump) bought ENS domain names barrontrump.eth, erictrump.eth, trumpcoin.eth and worldliberty.eth. The purchases were followed by more ENS domain acquisitions for 9290.eth, yatogame.eth and daolationship.eth. Interestingly, this has fuelled speculation that more Trump family memecoin launches are imminent.
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Trump Picks Caroline Pham to Serve as Acting CFTC Chair ⚡️
According to a Bloomberg report, President Donald Trump has appointed junior CFTC Commissioner Caroline Pham as the acting chair of the Commodity Futures Trading Commission (CFTC). While a permanent CFTC chair has yet to be announced, Pham is among the contenders for the role. The five members of the CFTC voted Monday to confirm Pham as acting chair. Traditionally the commission approves whoever the incoming administration has selected to serve in the acting role.
Commenting on her appointment, Pham stated,
I want to thank President Trump for his confidence in me, and I’m grateful to my colleagues and the CFTC staff for their support. I’m looking forward to engaging with all stakeholders in this new capacity as we focus on the CFTC’s mission to promote well-functioning markets that support economic growth and the competitiveness of the United States.
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Trump Names Crypto-Friendly SEC Commissioner Mark Uyeda as Acting Chair 🎙
U.S. President Donald Trump has appointed SEC Commissioner Mark Uyeda as the acting chair of the U.S. Securities and Exchange Commission (SEC). Trump stated that Uyeda would replace outgoing SEC Chair Gary Gensler in an acting capacity until the US Senate could confirm one of his nominees. Notably, Uyeda is known for his pro-crypto stance and has previously been critical of the SEC's crypto approach under former Chair Gary Gensler. Specifically, he called the SEC’s enforcement a "poorly conceived crypto policy" and called for more clarity on how crypto is regulated.
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World Liberty Financial Buys $112.8 Million In Crypto On Trump's First Day In Office 💰
World Liberty Financial (WLF), the DeFi platform backed by U.S. President Donald Trump’s family, reportedly acquired roughly $112.8 million worth of cryptocurrencies on Trump's first day in office. According to a post by WLF, the protocol bought $47 million worth of ETH, $47 million worth of wBTC, $4.7 million worth of Aave, $4.7 million worth of LINK, $4.7 million worth of TRX $4.7 million worth of ENA. The latest purchase brings WLF’s total ether holdings to 57,115 ETH (worth approximately $185.14 million).
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Ramaswamy Exits DOGE For Ohio Governor Bid, Leaving Musk As Sole Head 🔍