The week in DeFi and crypto news has been filled with industry-changing events.
What Trump's Victory Means for Crypto Policy
Donald Trump’s 2024 election victory may mark a pivotal shift in cryptocurrency regulation, promising pro-crypto policies and a push to establish the U.S. as a Bitcoin leader. His return also sparks discussions about clemency for Silk Road founder Ross Ulbricht, who received a lengthy prison sentence.
Pro-Crypto Majority in the U.S. House
The U.S. crypto industry secured a major political win as 261 pro-crypto candidates were elected to the House, alongside 17 pro-crypto senators. These victories were backed by over $200 million in political contributions.
OpenSea's Upgrade and Global Stablecoin Network
OpenSea announced a major upgrade set to launch in December, aiming to revive its platform amid market slowdown. Meanwhile, a coalition of top finance and crypto firms launched the Global Dollar Network to promote stablecoin adoption globally.
Recent events in the crypto industry may significantly impact its future development, creating new opportunities and challenges.
