Incoming Senate Banking Chair Tim Scott Praises Crypto

Resolution 3001 introduced by North Dakota State Legislature aims to diversify state investments by including digital assets. The resolution, if passed, would direct the State Treasurer to allocate funds for digital asset investments.

Heritage Distilling, a Nasdaq-traded spirits firm, plans to adopt Bitcoin as a strategic asset and for payments, following in the footsteps of other public companies like MicroStrategy. The company's CEO stated they are recognizing the growing number of consumers using Bitcoin regularly.

Abstract, a consumer-focused blockchain by Igloo Inc., aims to engage Web3 users with fun applications. The Ethereum layer-2 network plans to revolutionize blockchain interaction dynamics. Here's how you can get prepared for the network launch.

New Hampshire Rep. Keith Ammon proposed a bill allowing the state Treasury to invest in digital assets and precious metals, citing protection against inflation and alignment with state values. The bill would permit investments in assets like Bitcoin and precious metals, capped at 10% of public funds.

A proposed rule by the Consumer Financial Protection Bureau aims to regulate digital asset wallets as financial institutions, holding them accountable for fraudulent transactions. The rule, subject to public comment, is met with criticism from crypto policy leaders.

Only 0.4% of Pump.fun traders have profited $10,000 or more, with just 294 wallets realizing over $1 million. The platform has spawned a culture of traders aiming to become Pump.fun millionaires.

Rapper Heather “Razzlekhan” Morgan released a new single and music video before serving 18 months in prison for laundering funds connected to a multi-billion-dollar Bitcoin heist.

Wyoming Senator Cynthia Lummis is reportedly set to lead a new subcommittee on digital assets, an offshoot of the Senate Banking Committee. South Carolina's Tim Scott, the new chairman, has expressed support for crypto's potential to democratize finance. The House of Representatives also has a similar subcommittee under new leadership.

The SEC's first deadline to approve four Solana ETFs is approaching, but experts anticipate approval delays. The market watchdog is unlikely to approve the applications by the January 25 deadline, with a potential delay to the second deadline on March 11 expected.

JPMorgan's research report highlights the impact of the EU's MiCA regulations on stablecoins. Compliance with MiCA is crucial for stablecoins to be used in regulated markets, leading to the strength of compliant stablecoins like Circle's EURC and challenges for non-compliant ones such as Tether's EURT.