Trump: Approaching a New Trade Agreement with India

Coinbase's second layer network, Base, processed 15.4 million transactions on November 9th, setting a new record and becoming one of the busiest blockchains. （Cointelegraph）

Blockchains won't replace the traditional rails but will be integrated and work in tandem, the bank said in the report.

[U.S. Senate Agriculture Committee Releases Crypto Regulation Draft] The U.S. Senate Agriculture Committee has released a crypto regulation draft, proposing to expand CFTC authority and establish a crypto fee mechanism, though several issues remain unresolved. Democratic Senator Booker warned about insufficient CFTC resources, with some provisions involving conflicts of interest related to the Trump family's activities in the crypto sector.

The Internal Revenue Service issued new guidance that Treasury Secretary Scott Bessent said offers a "clear path" to stake digital assets for trusts.

The bill brings Congress a step closer to firmly defining how the CFTC and SEC can oversee crypto.