Xu Zhengyu: The goal of virtual asset over-the-counter trading services is to complete the second round of public consultation next year

Odaily Planet Daily News: According to Nate Geraci, President of The ETF Store, in an article on X platform, Matthew Sigel, Head of Digital Asset Research at asset management company VanEck, said, "I believe that the likelihood of Solana ETF going public for trading before the end of next year is extremely high

Odaily Planet Daily News: After the US election, the cryptocurrency market climbed, with Bitcoin hitting a historic high of around $93500 this week. Morgan Stanley analysts outlined six key regulatory and market changes that could reshape the US cryptocurrency landscape under the Donald Trump administration and its Republican led Congress. Analysts say that several stalled encryption bills may quickly be approved. This includes the Financial Innovation and Technology Act of the 21st Century (FIT21), which can provide much-needed regulatory clarity by defining the supervisory responsibilities of the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission. In addition, as the regulatory framework becomes clearer, the SEC's strategy of increasing enforcement efforts may evolve into a more collaborative approach. They stated that high-profile lawsuits against companies such as Coinbase may be mitigated, settled, or even revoked. The US Securities and Exchange Commission's Employee Accounting Statement 121 (SAB 121), which restricts banks from holding digital assets, may be repealed. The SEC may require the resolution of lawsuits related to unregistered securities and demand the launch of futures based ETFs for these assets before approving spot ETFs. These factors may delay the approval of new ETFs or require re filing. Clearer regulation may increase venture capital, mergers and acquisitions, and initial public offerings in the cryptocurrency sector. Although strategic Bitcoin reserves will greatly enhance the legitimacy of Bitcoin and may push up its price, the likelihood of its passage is low. （The Block）

Odaily Planet Daily News: Republican Senator Cynthia Lummis plans to push a bill when the new Congress takes office next year, requiring the United States to acquire 1 million bitcoins, accounting for nearly 5% of the circulating token. Jennifer J. Schulp, Director of Financial Regulatory Research at the Center for Monetary and Financial Alternatives at the Cato Institute, said, "This is still putting government money on the bet, and Bitcoin has not shown itself as a particularly stable asset. The bill requires senators and members of Congress to gain greater confidence in its long-term feasibility, and they may not be as familiar with cryptocurrency

Michael Saylor said bitcoin is “Manifest Destiny” in the U.S. amid MicroStrategy’s plans to acquire another $42 billion worth of BTC.Preparations for the long-awaited $100K bitcoin party are also underway, with Saylor expecting it to take place around New Year’s Eve.