Dogged Relations
Not so much DeFi as perceived TrumpFi as the Democrats finally start waking up to the notion the President could be in a relationship with crypto that is not conducive to clarity. Accusations are flying as bills return to Congress post shutdown:
Senators Push For Probe Into Trump-Linked Crypto Firm Over Token Sales Tied To North Korea And Russia
CNBC
Sen. Warren Keeps Pressure On Trump Crypto Ties As Market Structure Bill Negotiated
CoinDesk
Trump Congressional Ally Discloses Latest Six-Figure Bitcoin Purchase
Decrypt
Meanwhile, on the bills themselves, Senator Tim Scott Pushes For December Vote On Crypto Market Bill (Cointelegraph) / US Senate Banking Chair Eyes Vote On Crypto Market Bill Next Month (The Block).
Heartening news for those who don’t fancy the government spending more money it doesn’t have: US Won’t Start Bitcoin Reserve Until Other Countries Do: Mike Alfred (Cointelegraph).
As mentioned yesterday, SEC Makes No Specific Mention Of Crypto In 2026 Exam Priorities (Cointelegraph) / SEC Division of Examinations Announces 2026 Priorities (SEC).
Crypto, But Government Crypto — With Agustín Carstens (FT) will meanwhile shake the entire crypto bro movement to its core, as the government takeover is on. Farewell idyllic utopian independent dreams!
Add to this, Global Crypto Rules For Banks Need Reworking, Says Basel Chair (FT) while Treasury Dept. Says Banks Can Keep Crypto On Their Balance Sheets In Certain Cases (Decrypt) plus US And UK Revolt Forces Basel To Rethink Brutal Crypto Capital Rules For Banks (Cointelegraph).
