Jan 24: Trump Signs Crypto Executive Order & Makes Davos Declaration
Description
Here's What We're Covering Today:
- Trump declared at Davos that he wants the US to become a hub for AI + crypto, and he signed an Executive Order regarding crypto.
- Solana-based stablecoin supply hits a new peak, surpassing $10 billion, and SOL becomes the first blockchain in history to surpass $200B in monthly DEX trading volume.
- Vitalik Calls for added focus on Ether as part of the network's scaling plans amidst a leadership shakeup at the Ethereum Foundation.
- Rune drops 30% as THORChain suspends THORFi operations amid ‘restructuring’ efforts.
- SEC rescinds controversial crypto accounting guidance SAB 121, which indicates a regulatory shift.
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