The DeFi and crypto space continues to evolve rapidly. Staying updated on the latest developments and trends is crucial. This recap provides key news and trends from the past week.
US President Donald Trump's Crypto Executive Order
On January 23, U.S. President Donald Trump signed an executive order to strengthen U.S. leadership in blockchain and digital assets. The order emphasizes regulatory clarity, financial independence, and privacy, banning the development or promotion of central bank digital currencies (CBDCs) in the U.S.
SEC Rescinds SAB 121 and Introduces SAB 122
The U.S. SEC has rescinded its controversial Staff Accounting Bulletin (SAB 121) and introduced SAB 122. SAB 122 allows financial institutions to manage digital assets without labeling them as liabilities but mandates disclosure of related risks and obligations.
Bitwise Files for Dogecoin ETF
Bitwise Asset Management filed for a Dogecoin (DOGE) ETF with the U.S. SEC on January 23. This filing indicates intent to create a DOGE-focused investment product, including a statutory trust for governance clarity and tax benefits.
The week has been significant for the DeFi and crypto industry, with crucial initiatives taken at both governmental and corporate levels. Understanding these events is key to staying informed of the latest trends and shifts in the ecosystem.
