As the DeFi and crypto industries rapidly evolve, staying informed about the latest developments and trends is crucial. Our weekly recap provides a concise yet comprehensive view of the most significant news in these areas.
Crypto as a National Priority for the US
According to a Bloomberg report, President-elect Donald Trump plans to designate cryptocurrency as a national priority by signing an executive order on January 20. This order will also establish a crypto advisory council to integrate industry insights into policymaking.
Phantom Wallet's Successful Funding
Phantom Wallet has raised $150 million in a Series C funding round led by Sequoia Capital and Paradigm. The wallet's valuation surged to $3 billion from $1.2 billion in January 2022.
Elon Musk's Regulatory Issues with SEC
The SEC has filed a lawsuit against Tesla CEO Elon Musk for delaying the disclosure of his Twitter (now X Corp.) stake in 2022. Musk missed the 10-day deadline to report his stock ownership.
Keep up with the latest news in the DeFi and crypto world to ensure you don't miss any critical developments impacting the market and innovation.
