As cryptocurrency and DeFi continue to evolve rapidly, our weekly recap helps you stay updated with the most significant news and trends in the space.
Trump's Victory and Implications for Crypto Policy
Donald Trump’s victory in the 2024 election could mark the beginning of significant changes in cryptocurrency regulation. Possible actions include pro-crypto policies and attempts to position the US as a leader in Bitcoin. His return also could stimulate discussions on clemency for Ross Ulbricht, the Silk Road founder, and lead to changes in the Department of Justice. His promise to fire the SEC Chair could also impact the crypto sector's growth.
Pro-Crypto Majority in the US House
The US crypto industry achieved a major political victory with the election of 261 pro-crypto candidates to the House, along with 17 senators. These candidates were backed by over $200 million in political contributions. Key victories include Bernie Moreno's Senate win in Ohio and Jim Justice's governorship in West Virginia.
OpenSea Update and Other Key Events
The NFT platform OpenSea announced a major upgrade set to launch in December, responding to a market slowdown. While details are limited, users can join a waitlist by connecting their crypto wallets. The NFT community speculates potential new features, such as account abstraction, shared NFT ownership, and enhanced blockchain integration.
This week in DeFi and crypto saw numerous events that could reshape the political and technological landscape. It's essential to watch for future changes and their potential impacts.
