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Trump’s inauguration nears, but crypto promises could ‘take some time’ — NYDIG

Donald Trump’s inauguration is just a week away, but key crypto legislation may take a bit longer to come into effect, cautioned NYDIG.

Donald Trump’s inauguration is just days away and the US president-elect has promised to overhaul crypto regulations, but the New York Digital Investment Group says that could be a way off.

NYDIG global head of research Greg Cipolaro said in a Jan. 10 research note that it “would caution on expecting immediate changes” to crypto policy, even with Trump taking office on Jan. 20.

Cipolaro said that while the inauguration is renewing hopes for the incoming administration to execute many of its campaign promises, “many can happen quickly, but some may take some time.”

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Pro-crypto CFTC boss, subcommittee rumored as Trump inauguration nears

New reports suggest the US Senate Banking Committee is looking to create its first crypto subcommittee, while Trump is reportedly eyeing a pro-crypto CFTC commissioner to take the agency’s helm.

The US Senate Banking Committee is reportedly set to create its first-ever crypto subcommittee, while a pro-crypto commissioner is now a top pick to replace the outgoing chair of the Commodity Futures Trading Commission, according to two reports. 

The two reports — seen as positive developments for the crypto industry — come less than two weeks before President-elect Donald Trump’s inauguration, set for Jan. 20. 

According to a report from FOX Business on Jan. 9, following a Punchbowl News report on Jan. 8, the US Senate Banking Committee’s new chair, Republican Senator Tim Scott, has made the creation of the subcommittee a top priority and plans to replicate the House Financial Services Committee’s model, which introduced a crypto subcommittee in 2023.

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UK Landfill Site Thought To Contain $777,323,760 Worth of Bitcoin (BTC) Set To Close by Next Year: Report

Israeli Knesset Creates Special NFT for New President Isaac Herzog

Israeli Knesset Creates Special NFT for New President Isaac HerzogIsrael’s parliament, the Knesset, has become the first national legislature to release a non-fungible token. The special NFT has been created for the country’s new president, Isaac Herzog, who took office this week after his election in early June. Knesset Becomes First Parliament to Issue NFT Isaac Herzog received the token right before his inauguration […]

UK Landfill Site Thought To Contain $777,323,760 Worth of Bitcoin (BTC) Set To Close by Next Year: Report