As the DeFi and crypto worlds continue to evolve rapidly, staying informed about the latest developments and trends is essential. Our weekly recap provides a concise overview of the most significant news and trends, ensuring you remain informed of the latest happenings.
Potential White House Role for Crypto
President-elect Donald Trump’s transition team is considering establishing a White House position dedicated to cryptocurrency policy. This role would liaise with Congress and regulatory bodies like the SEC and CFTC, coordinating crypto regulations across federal agencies. Industry advocates hope the position will have direct access to Trump to influence key decisions.
Bitwise Enters Solana ETF Race
Digital asset manager Bitwise has filed for the registration of 'Bitwise Solana ETF Trust' with the SEC, aiming to launch a Solana-focused exchange-traded fund. The filing, dated November 20, 2024, positions Bitwise alongside competitors like VanEck and Canary Capital in the race to introduce Solana ETFs.
Launch of MBRL Stablecoin by Mercado Bitcoin
Mercado Bitcoin, Latin America’s largest digital asset platform, has introduced MBRL, a stablecoin tied to the Brazilian Real (BRL) and launched on the TRON blockchain. Users can acquire MBRL through Mercado Bitcoin’s offer book or by depositing BRL for instant conversion. The stablecoin is managed by MB Pay, ensuring secure custody and reliable transactions.
Current initiatives in cryptocurrency, such as the establishment of a new policy role, the launch of ETFs, and the introduction of new stablecoins, highlight the ongoing growth and integration of crypto markets into the global economy. These developments underscore the importance of a coordinated approach to regulation and innovation within the crypto industry.
